It will be fine. The market it taking down all growth, but the reality is that the nonsense growth stories that make no money SHOULD probably be going down. Over time, secular growth stories that are profitable will bounce back. All it will take here is a little patience, but if they have $350mm in revenue in a few years this stock will be probably at least 2x higher from today's level in my opinion.
westjteer, indeed. Shows the signs of the turn. Personally I'dd like to see it hang a day or two at these levels before going up. That would, IMO, form the perfect pattern (SPECULATION).
"I don't know if we are at the bottom(although I believe we are close if not there)"
Nobody commented on my Gartley pattern comment the other day. But, since we've just about landed on the .786 Fibonacci retracement point needed to complete the C-D leg of the formation (my eyeball estimate with a little calculator help). Just fyi, my calc says that point is about 22.4.
https://www.investopedia.com/terms/g/gartley.asp For those interested. Again, this was what Protector was also talking about the other day. Don't think for a minute that market makers aren't aware of these patterns. Also, on balance volume has remained high during the sell-off. We've breached the 200 dma, etc.
Anybody else going to buy with me? Don't need more shares, but what the heck.
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