P/S ratio 2508?
Everything about this stock looks like it'll blow up at any time except this crazy high PS.. am i looking at this the wrong way or is this insanely overpriced? It could be because the sales they'll get from hooking up with Microsoft and Google arent on the books yet. Looking over the past and it seems like its always been very high. The reason thats concerning is the price has been going down since open, which will happen if it's overpriced. I know there was a small uptrend but it broke the support channel 2 days ago..
Either way im holding onto it because i think the sales they'll generate from Google and Microsoft will increase the value. I just thought it was a crazy high score and wanted to know how others feel about it. Does it change your outlook or are you still confident in their product?
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I love to study companies and Candle Stick formations. My goal is to become a full-time trader.
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mind_of_ice : what's your stop loss on this?
Sean Parker OP mind_of_ice : if it goes under 2 again I'll be worried. it broke away from my channel on Wednesday. I'm hoping it's just Thanksgiving throwing it off.
Sean Parker OP Sean Parker OP :
Thiefanny : do your research on the company, everything about it is kinda sussy
Sean Parker OP Thiefanny : I've just never seen anything get a business from Google or Microsoft and not get a bump in price. I looked into their product, and it seemed like if either Google or Microsoft helped them, it would get big. I kinda thought the only reason the price had been going down since it started was because it hadn't picked up any big deals yet. I guess I need to look more into it.
mind_of_ice Sean Parker OP : about to happen fyi
Aukina24 : In for the long haul