doesnt matter if the market doesnt like it there isnt an alternative
this stock went to $4 of no profit and less revenue, you need to accept the market isnt efficient. No ones buying because they made promises they were unable to keep, i doubt it has much to do with revenue growth %
new products that have been researched and teased for years, cutting out a CEO in a highly publicised spat, a cavalier chairman who clearly loves the spotlight, no significant deal (acquisition, partnership). all these things make the company very risky and quite boring.....thats generating a tonne of downward pressure. Add onto that its a traders dream with clearly defined exit points, and you get this scenario
I mean this is a company that within half a year backflipped on its own commitment to what they publicise, they went from saying monthly announcements arent needed, to publicising monthly record announcements. Instituttions havent gotten behind it because so far its a bit of a joke
but underneath that is a company thats still growing quite well with an amazing product. Going away from growth isnt the strategy
PNV Price at posting:
$1.27 Sentiment: Buy Disclosure: Held
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