I was initially as well but then someone on another thread shared the following with me and it seems to make sense:
They are legally obliged to announce a 10% or more variance to forecast earnings to the market as soon as they become aware of the variance. So if the sales of SNARE rise by 10% over forecast, then one supposes earnings are rising by the same amount (or even more, depending on operating leverage). I see it as simply being compliance not puffery.
Maybe in the future they will get more aggressive with their forecasts, and we will be spared the updates. But personally I prefer conservative forecasts and upgrades along the way. It makes it easier to buy in along the way
Hope that helps, and I for one am still holding but am thinking of offloading a quarter or so at these prices since my entry was in the early 30 cent range.
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Mkt cap ! $47.85M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 64.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
67.0¢ | 12535 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.645 |
1 | 5679 | 0.640 |
2 | 6000 | 0.635 |
1 | 15000 | 0.625 |
1 | 12363 | 0.605 |
Price($) | Vol. | No. |
---|---|---|
0.670 | 12535 | 2 |
0.695 | 5834 | 1 |
0.700 | 1161 | 1 |
0.745 | 1351 | 1 |
0.750 | 10000 | 1 |
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