02-28-2014, 11:30 AM
'RedLetterDay' pid='38274' datel Wrote:Seeing a material gain like this is just fantastic, and really what the doctor ordered in stabilizing the wild trading that took place over the last 3 months. Glad to see it, especially as it shows that plaympe isn't somehow 'stuck' with Universal Music Group, and that others like this product too. Good all around.
There are two problems. First is that progress is slower than people seemed to assume but we simply forget that it's a small company and big tech will not instantly bet on a new technology from such a small company. Second, we don't have a stable investor base. When the stock fell, it breached certain levels which obliged some of the institutional holders to sell, accelerating the selling and leading to exaggerated gloom and doom all around.
These are teething problems, the company is moving forward, I think there is still some good window to buy, but ultimately this will be a good performer, especially from these levels.