Just because instos are punting on it certainly doesn't mean it isn't a concept or speculative tech stock.
The fact that it has an unproven revenue model, virtually no revenue, no earnings, no cashflow etc, that is why I call it a concept/speculative tech stock. Maybe that all changes by the end of this year or maybe not. But it is less of a concept stock versus 12 months ago!
In my view, whether you call it a concept stock or speculative tech stock - who cares. Move on.
The stock is down 75%, so yes I would be a bit disappointed with the instos!!
Also, given the stock is down 75% and there is clearly a lot insto selling what does that tell you?? Do these instos know a lot more than the retailers??
I bet a few people on here (like Arryd and TDA) probably know more about 1PG than a lot of the instos.
Anyway, I am getting a bit sick of arguing on 1PG, particularly given I just say the same thing over and over, so I think I will stop posting for a while.
For what its worth, I think around the 1.35-1.45 level the risk reward is not that good on the short side, so would go neutral around there (I wouldn't go long, but would cover a short).
Good luck and I hope it bounces back for you.
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