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.
Yorum:
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.
İşlem elle kapatılmış:
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.