Reality can be harsh at times... Two things have pulled the...

Reality can be harsh at times...

Two things have pulled the price back and will continue to do so and that is the realisation of how executable the new strategy (the latest one not the one the month before) is, how long it will actually take to generate a positive cash-flow and what it actually will yield for both the company and shareholders, and secondly the abatement of the markets initial excitement over the announcement.

Looking at the charts for this one is fraught with danger except for very short term views as there is scant depth to any shift in price indicators due to unsustainable business drivers or missed targets in the past as @Grant62 has pointed out in another post.

It may also be in anticipation of the quarterly results due on Monday, which are going to painful.

Combine all the above and expect the price to go back to the mid-late teens until the company starts to actually deliver on promises and meets some financial performance targets, being tangible bottom line targets not intangible top line aspirations.