Share
3,432 Posts.
lightbulb Created with Sketch. 1
clock Created with Sketch. 02/11/16
12:16
Share
Originally posted by Barney82
↑
That was the best case scenario however it wasn't met. The worst case scenario was remaining loss making, which from memory was what occurred (I didn't recheck the quarterly so correct me if that's wrong). The reason I'm very negative towards it is because they made the $18m statement in an announcement which was entirely fluff. That got some pumps going, but they were entirely day trades and didn't have any concrete backing. I'm not taking very kindly to companies putting out vague statements with regards to revenue - the latest round of quarterlies is evidence why. MSP is just a prime example and I predict a lot of holders will get trapped or make a loss. I don't wish that on anyone, and would prefer to see people make money, hence my stance on MSP. Long term it will likely be a solid company but that is long term, not short term or intraday.
Expand
Good healthy skepticism on MSP. Yes, there were no names in the news too which is a negative. I think the board have credibility though and the recent buying was not retailers alone. Anyway, getting too FA here for Daytrading thread.
