Interesting how quite a few long term holders have turned bearish here.
What's changed really?
After they hit the 150 run rate which i always thought was a just a number with little meaning there was a burst of exuberance that quickly passed after the FY numbers were released showing a loss.
Also JC did say 1st quarter would be lower in his interviews i saw.
If i was looking from the outside as a non holder that wouldnt motivate me to buy so we waited for guidance and none has come as yet.
Now with more shares coming out of escrow seems new 5 o'clock Charlies will appear on market every morning for their dumps.
So the 18.5c recent low could be breached unless the instos continue to sit on the bid and soak up the disappointed sellers and founders of the take over entities who will be cashing in.
Anyone want to add the bullish case?
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