Fyatu wrote:Spikes wrote:Fyatu wrote:I am still waiting for a price of sub 9
This is pure speculation dealing with high beta stock. I hope you get the understanding of volatility here. Very risky. You can see people cancelling buy and sell orders. Very very risky. Time will tell!
We need one of the chart-ists e.g., @hisah to draw us a cartoon of this thing. What we are experiencing now is a mini bull before a major plunge...talk of fattening the pig before the great slaughter
What would be the driver of a plunge? I can see many reasons for continued strength, but nothing indicating a sharp drop. Fundamentals are solid, outlook for future earnings are good, and stock is trading at a discount.
When they released results, everyone started saying that it will drop to 9, to 6, etc. I said it was much more likely to hit 12 to 13 (check the thread). I was right. Those who were wrong are now saying, not yet but soon it will crash. You will get slaughtered! Bears will eat you! etc. It's nonsense without any analysis to back it up (at least that I've seen). I stand by my call that this is an undervalued stock with a strong upward trajectory. Check me at the end of the year.