You "investors" still don't get it do you? Nothing has changed about the company's fundamentals that should cause the stock to trade at a P/E of 74. The reason for the run-up was hype, momentum traders, and a small float. If you think it's something else then you really are in denial. The hype's gone and so are the momentum traders. And with insider selling, the float is increasing. The stock may not return to $4 again, but it'll trade in the single digits if the fundamentals don't improve significantly before then.
I see just how bad things have gotten now with investors wishing for hype to drive up their stock. You've got to be joking! Hype lasts a few days only, whereas good fundamentals provide long term value. And judging from the reactions here, I'd say some people are married to this stock for no good reason. I say get a divorce, stop complaining, admit to yourself that you've made a mistake, and find a better investment. Believe me, I've been there, and it's a real relief to dump a loser stock.
...tai |
