In this pumptarded market, very few stocks can justify their ridiculous P/E ratio. Bought into this yesterday for earnings, came out better than expected. I'm actually surprise this isn't up 20% already, maybe they should start selling yoga pants.
Earnings were 11 cents for the quarter, assuming growth, forward P/E would be less than 20. I'm holding this until at least $12, only 1k shares.
They don't sell any hardware any more, it's strictly software by license which is high margin.
Earnings were 11 cents for the quarter, assuming growth, forward P/E would be less than 20. I'm holding this until at least $12, only 1k shares.
They don't sell any hardware any more, it's strictly software by license which is high margin.
Note
Old resistance is new support, doubled up this morning. $12 target still. If this thing closes the gap, I'm adding more. Company is finally making money and gets no love, lol.Trade closed manually
Closed my position on the morning pop, looks like it's just going to settle in here around $9.6. GM is moving more than this POS.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.