Marcie,
I have to believe that this stock is an extremely speculative play now.
Based on the fundamentals of this company now, I advise that you don't get the courage and buy 15,000 more shares. There are a lot of other companies out there that are good buys right now and are a lot less speculative. Yes, it is possible that they have a big announcement
on the horizon, etc., that could boost this stock up into the $4-5 range, but unless someone knows something for sure, this is wishful thinking.
When I heard about this company, momentum was on their side. The product new, management new, etc. Now they seemed to have peaked and
are headed down. The last earnings were only in the black because
of a re-statement of the previous quarter's earnings.
I am holding because I'm wishing for a miracle. And it happens sometimes. But I would not buy more, unless you have a lot of money and that $15,000 is pennies to you. Better yet, call the company and see what's up. Ask to talk to the CEO.
Tom C> |
