why is sqnm in the doldrums ?

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Market101 answered a question in General Market.
312 points

Market101 answered 8 months ago …

I wouldn't say this stock is in the "doldrums" -- look at where it was 11 months ago. The price was closer to $5 per share -- it's effectively quintupled since then and now you're looking at a triple (stock is near $15). So the stock could obviously be getting hit a little just because of normal profit taking or running up too quickly.

I'm sure its increasing operating expenses aren't helping things either but overall the stock has held up much better than the rest of the market this year.

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