I added 20,000 shares at 0.081 bringing my average down to .098. Their is no reason to buy shares at the ask for people like us with all this selling.
The only way i see this reversing now is that volume has to completely dry up on the selling side for a couple of weeks. Then i can see people buying at the ask again. or some kind of positive news catalyst.
I'm going to put a bid in the low .07s because honestly it will probably happen next week also.....
LUVU was trading in the 0.05-0.07 cent range in Spring 2017 and spring 2016. when they had the same amount of shares. a stock deficit of 2.5 million and net income for the WHOLE YEAR being around 200k.
This year in their historically worst Q. LUVU did 330k net income for 1 QUARTER!!!
The fact they did more net income in their worst Q this year than all of any previous years combined net income and we continue to sell off is mind boggling.
I''m not even including the 880k net income from the one off PPE sales
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