Have a look at the chart in the first post on this thread. The poster commented that the “waves” looked good and we “should hit $1.40 this week”. When the price is going up, people believe the charts show the way forward; when they go down, the charts point in that direction. This is tea-leaf reading, nothing more.
I’m not saying we’ve hit bottom and the price won’t go down. Far from it – the quarterly report was good but nowhere near the numbers needed to justify a price of 60x current revenue. And clearly hope is not enough any more to warrant that share price. I’m just saying don’t place faith in charts. They are only good for showing the past, not predicting the future.
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