Wow, tough questions. Not knowing the fundies that well, it's be unfair for me to render an opinion. I noted those losses, but also the 50%/quarter revenue increase. I guess it's just part of rapid growth. I suspect they're planning on revenue eventually surpassing expenses...gotta grow, right now, to survive, that sort of thing...
Anyway, that's not really why I'm in. I'm looking at it very short term, maybe a week or two. I saw money coming in via TA. While the Intraday & 5-day charts showed some weakness after lunch, it was on minor volume. I'll wait to see what the next day or two brings, but I suspect there'll be a bit of a pop along the way. The 200DMA may offer up some resistance around $4.
They also seem to be pretty consistent w/PRs, but haven't had one out in a week. |
