2 weeks away, that's usually when this starts moving. March 11th AH.
Expecting another down day tomorrow, loading up for earnings. If you're the cautious type, you can wait until next Monday...
I do not expect this to drop below $5 in any case.
Expecting another down day tomorrow, loading up for earnings. If you're the cautious type, you can wait until next Monday...
I do not expect this to drop below $5 in any case.
Comment:
SMSI has a forward P/E of 12, gets hammered by the market every time, lol. Guess that's what happens to small companies.
SHould announce a stock buyback, 1 mil shares, just to stabilize the stock price.
SHould announce a stock buyback, 1 mil shares, just to stabilize the stock price.
Comment:
Glad it's holding $5, I have no idea why a small cap like this trends so tightly to indices. I've got a decent position now, no more add unless it hits $4 if the market tanks again within the next 2 weeks.
If this hits $4 before earnings, this trade will be epic, I'd grab $3 calls like a mad man.
If this hits $4 before earnings, this trade will be epic, I'd grab $3 calls like a mad man.
Comment:
I decided to hold this position despite the market tank and the possibility of another leg.
There's a chance that we don't get a pop because of market conditions though.
I think the market rebounds next week.... hopefully.
Target is gap fill at $5.8.
There's a chance that we don't get a pop because of market conditions though.
I think the market rebounds next week.... hopefully.
Target is gap fill at $5.8.
Comment:
At this point, I can;t recommend playing any earnings or being long on anything, but I'm still going for this one.
As long as the market isn't tanking on earnings day, we all know this can hit $7 in a hurry.
As long as the market isn't tanking on earnings day, we all know this can hit $7 in a hurry.
Comment:
My only position right now and oddly proving to be a safe position. Refusing to tank with the market, proud of you Smitty.
Plus if the market does bounce you know this will explode because nobody is selling
Plus if the market does bounce you know this will explode because nobody is selling
Comment:
LOL, is it really trying to rally into a bear market?
Comment:
Go Smitty, go, LOL.
When you only own one stock, you gotta be a cheerleader.
When you only own one stock, you gotta be a cheerleader.
Comment:
Just noticed that there is a sizeable short interest (8%) probably because of the recent run up.
Also earnings expectation is only 7c, with AAPL's phone sales numbers during Xmas, you figure SMSI has to beat.
Also earnings expectation is only 7c, with AAPL's phone sales numbers during Xmas, you figure SMSI has to beat.
Comment:
If your long on the stock (not options), hold this until it hits $7 again, because it will. May take a while if the market crashes, but it will hit $7 easily.
I get worried about my options, but never about the stock. I just hold it until it hits my target. This is a very high growth company, when the market turns around it will sky rocket.
I;m assuming anyone selling today is a daytrader.
I get worried about my options, but never about the stock. I just hold it until it hits my target. This is a very high growth company, when the market turns around it will sky rocket.
I;m assuming anyone selling today is a daytrader.
Watch out for the market tank with stocks that have low interest....