Wade: so anytime you disagree significantly with the valuation of stock, instead of respecting the views of others you attribute it to "manipulation" ???? And you provide no explanation of how this supposed "manipulation" is occurring ??? Frankly, that's a bit arrogant and lightweight.
It's very obvious why the valuation of HEAR is so low. It has nothing to with manipulation and everything to do with pessimism about 2019. If that pessimism lifts, then the stock could trade a lot higher, but that won't happen overnight. I'm hoping the market focusses more on what's likely to be a blockbuster Q4 report and spikes the stock higher at some point in the coming weeks so that I can sell, but I'm among the skeptics for 2019. The huge short interest reflects the pessimism that many feel about the long term prospects.
The latest borrow rate on HEAR at IB was 62% with just 7k shares available, so the shorts are very confident that the stock is overvalued. I think the pessimism may be overdone, but I certainly respect the bearish view on 2019. You should too ! It's a much healthier attitude.
