InvestorsHub Logo
icon url

fung_derf

10/09/09 11:02 AM

#13120 RE: Dragynn #13111

Well first off, no one has discussed whether or not the stock is a buy here. However, when the stock was double and triple the current price, people here were touting it. Technically speaking, as much as I don't trust this company, it may be due for a bit of retracement to .014 or so.
With that said, to say this stock is "undervalued" is silly, they're still in the red. How can a company without earnings be undervalued?
I gave you all NM when it had a P/E of under 4 and over 8% dividend. Now, THAT is what undervalued companies look like.