When back testing or using a forward-looking model, one would expect the stock price to be trading closer to $2 than .50 cents. Total assets fell by 50% last year, but the stock price suffered a 90% decline. I'm not saying it's definitely worth 2 bucks a share, but the data suggests that at these levels, it is undervalued.
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smoothshoe
OPTWIMO (151403908)
:
the price is still moving on higher than average volume. there is greater volume with upward moves than down. this suggests bullish sentiment. it should continue to move higher. I would wait until the daily volume levels out before calling this a consolidation level.
TWIMO (151403908) : Are we in correction/consolidation phase?
smoothshoe OP TWIMO (151403908) : the price is still moving on higher than average volume. there is greater volume with upward moves than down. this suggests bullish sentiment. it should continue to move higher. I would wait until the daily volume levels out before calling this a consolidation level.
TWIMO (151403908) smoothshoe OP : Happy new year again. Your answer reminds me of not getting emotional and ask someone better when uncertain… thanks