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I would not recommend anyone to 'average down' nor...

  1. 151 Posts.
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    I would not recommend anyone to 'average down' nor would i recommend even talking a position here.
    It's nice to see the company insiders here to calm the ship but it's a bit too late imo

    The chart is cooked
    Cash burn will still be insanely more than revenue
    There is yet any proven revenue - only forecasts... forecasts which can be missed or revised down
    The China situation....

    Did I mention the chart is cooked?
    We are below all key MA's, no volume to turn this around. There might be a spike if the true believers like the 4C but the downtrend will continue... sell into the spike
    https://hotcopper.com.au/data/attachments/1952/1952737-ec80a58c5d1a28319ad6267793d5d956.jpg
 
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