7500 shares average traded a DAY for the last 13 days. For a company with 29 million shares outstanding that is VERY weak.
I think they probably need to sell off some before a rally will take place to get some of the weak hands out of the stock.
The company said they aren't looking at quarter to quarter results but Yearly. So it will take sometime to recover I think. And if they beat $19 million for revenue then my hat is off to management I just don't see it in the pipeline.
In the .20's it will be undervalued. In the high .40's it is overpriced (based on my thoughts over the next 2-3 months.) And anything inbetween its just dead money.
I am still in it. Hope to have them make a big announcment that really moves the stock.
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