I could be pretty tough on the interview but that's pointless as it's already reflected in the share price. Matt mentioned 4th quarter revenues looking good. That's a tough statement to walk away from as are the LOI which are easy to BS around. From a trading perspective what do we have. Possible quarter over quarter positive revenue trend, stock price is back to recent lows, tax loss selling pressure is coming to an end and Matt picked up a few shares. In penny land this could be a good trade going into the new year. Averaging into a position in the .022-.027 range should pay off. The MM's may get the bid down to .02 but dought retail will get shares below .022. I would like to see a final down share price purge to set the base but not sure it's coming. That being said I have started averaging in so folks know where I stand. I have not forgotten that CBAI is another penny stock.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.