Awk
That's one hell of a question to be asking after all these years!!! rofl
There are a lot of markets and a lot of streets. And the amount of conventional wisdom that DOESN'T work is awesome.
There's the market of the Wall Street professionals. There's the market of retail investors.
There's the market of Hedge Funds and Barrons and the market of day traders, trend players, and momo players.
At the end of the day it comes down to who is willing to bid more than $1.10 in order to buy more than is being sold at $1.10. For a long time now VERY FEW people have been willing to pay more than a buck ten.
I don't buy the argument that the market is efficient. Neither do I buy the argument that the market is dumb!
People pay as little as they have to and sell for as much as they can get. Lest we forget there was a MOMENT in time when people paid $50 and would not sell for less. That proves inefficiency. Let us also not forget that NOBODY has been willing to pay more than $1.50 for a long time.
I believe this stock will be in double digits this time next year. However, it will only be in double digits if the only market that counts, the users of the product, demostrate their desire to pay 50 cents for a royalty, a buck for a motherboard, twenty bucks for thousand of company computers, and tens of thousands for host services.
That market has not yet spoken and until they do...."the street will continue to yawn!" The only thing that will insure success is success!"
VH's posted article yesterday by the way was written to the real market of real users. If they come, I can build (a new driveway, a new garage, a new vacation house.)
At this point I have no idea if the price will climb slowly or spike, I'm just commenting on the essential price stability for a long time (as Wildman says) and my impression that it has gotten even more stable in the last month or so. Nothing more, Nothing less.
The market is actually quite simple...when somebody is willing to pay more than the bid the price goes up.
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