Insanity considering their current sales and the competition out there. Completely ridiculous. What are people thinking? Wait... I don't think people are.
Printable View
Insanity considering their current sales and the competition out there. Completely ridiculous. What are people thinking? Wait... I don't think people are.
Maybe they are just looking to trade it, hope that it gets pushed up another few cents to make a small profit...
If you were investing at this price then yes personally id think you where insane.
But id be interested to hear from anyone buying this for long term and what they base it on. Maybe they see something I dont, i would love to know.
Wow someone bought 17347 at $3.00.
up 25c - decent volue - $250k traded.
Who knows something no one here knows?
Crazy beyond crazy. :scared:
Speechless...
$90M market cap, $27,000 revenue in september. This is the most absurd valuation. I don't know when this tech bubble is going to crash, but people are going to get severely burnt, and they deserve it for being so stupid.
A classic example of 'value-by-association'. Who remembers RMG back in year 2000? I do, buying at 36cps and selling out just 2 months later for 25cps, losing too much than I care to remember...but a lot less than if I'd hung onto them - they ended up in receivership.
http://www.nzherald.co.nz/rmg-limite...ectid=10123067
On Eric Watson's reputation, which wasn't half bad at the time (he'd just sold gen-i to Telecom at a huge profit) and the fact that the MD of RMG had previously worked for Baycorp (which was then a very successful local debt collection agency that had made many investors happy), RMG hit the NZX with flair (and later the ASX), lots of promise and hype...with many NZ investors taken for a ride...some into debt. I wonder if any who lost more than me ended up a target (and therefore part of the business) of RMG - now that would be ironic...verging on tragic.
Watch out that you are not played for a sucker with GEO, or any other stock, that promises more than it can deliver. Where are the sales? How credible are their sales forecasts? What is their operating model? What startup costs are forecasted? What are they prepared to tell investors about product development? What is their sales & marketing strategy to overcome the competition and increase market share? Do they even know their competition and market? What is their capital plan, etc, etc.
Speculate and trade accordingly - that's fine - but quantify the risk and mitigate carefully. Stop-loss this high riser to avoid significant loss, and be wary when they tickle your ears.
BC
There are some analogies to PEB, the difference being PEB has non copyable IP with a led time over competitors (both due to requiring medical certification). GeoOp is in a competitive market where the only value in its IP is being able to keep updating it quicker than competitors can copy it (same with XRO which has a 2 year + lead on the competitors)
And with that comment, it jumps 70c.