clsteve opened this issue on Nov 15, 2007 · 354 posts
nightmage80 posted Mon, 19 November 2007 at 6:54 PM
Quote -
As to how well Smith Micro is doing as a company, their stock fell over 30% just a couple of weeks ago. You can read about it at the attached link, and has dropped almost another 20% since then. Three weeks ago Smith Micro's stock was $15.42 a share, as of today, it's down to $8.77, (click on the SMSI link on the page I linked to). What that bodes for the future, who knows, but it doesn't look good to me.*
And the market just fell about 200 points today... the sky is falling... everyone run to your bank and hide all your money under your bed! Get real, this stock is a tech stock. Any time techs fall, this one is going to take a major hit.
Also, anytime there are rumors of a major expense, the market reacts badly to so you will really know the effect in about 5 to 6 months.