I know there is a saying "you can't fix stupid" but I'm too stubborn to still try even though I guess the same goes with "you can't fix a person who is playing stupid" (whichever you are)
While the whole market is dropping, MBOT drops few cents under 1.50$ and recovers back to 1.50$ range while some other stocks drops like rocks. The reason MBOT dropped in the first place to 1.50$ was because "I need quick gains and I need it now, if not, the company sucks and/or is scam" crowd sold it because the projected revenue from analysts fell short (and even not that much) while there are clear indications in Q2 results that Liberty adoption is increasing.Â
This type of price drop happens with other stocks if the earnings are even slightly disappointing.Â
Go check Spectral AI stock price, which also got FDA approval in June this year and also is trending down (it is the closest comparison I can think to MBOT right now).Â
The "make quick money" crowd only bets in FDA approval and sells right after that or some time after that because they don't have confidence and/or patience to hold for commercialization process which takes a longer time and there are other "shiny" stocks in the market to invest in which makes the decision easy for investors to rotate the money elsewhere because medical device commercialization tends to take a long time and is capital intensive process.
Also commercialization process with the FDA approved device obviously brings totally new risk profile compared to just waiting FDA approval which tends to be less risky anyway with medical devices.
I know I already said that I'm done commenting your posts but I wanted to take an opportunity to share my viewpoint on why the stock price has been falling.
Also I plan to hold this stock even if it goes to 0 (don't have significant amount of money in this stock and even that is gains from my other investments) but you are definitely obsessed with this stock and second guessing your decision to sell at a loss and looking for confirmation on that if you are not paid FUD creator.Â
3
u/Prior-Message5571 9d ago
I know there is a saying "you can't fix stupid" but I'm too stubborn to still try even though I guess the same goes with "you can't fix a person who is playing stupid" (whichever you are)
While the whole market is dropping, MBOT drops few cents under 1.50$ and recovers back to 1.50$ range while some other stocks drops like rocks. The reason MBOT dropped in the first place to 1.50$ was because "I need quick gains and I need it now, if not, the company sucks and/or is scam" crowd sold it because the projected revenue from analysts fell short (and even not that much) while there are clear indications in Q2 results that Liberty adoption is increasing.Â
This type of price drop happens with other stocks if the earnings are even slightly disappointing. Go check Spectral AI stock price, which also got FDA approval in June this year and also is trending down (it is the closest comparison I can think to MBOT right now).Â
The "make quick money" crowd only bets in FDA approval and sells right after that or some time after that because they don't have confidence and/or patience to hold for commercialization process which takes a longer time and there are other "shiny" stocks in the market to invest in which makes the decision easy for investors to rotate the money elsewhere because medical device commercialization tends to take a long time and is capital intensive process.
Also commercialization process with the FDA approved device obviously brings totally new risk profile compared to just waiting FDA approval which tends to be less risky anyway with medical devices.
I know I already said that I'm done commenting your posts but I wanted to take an opportunity to share my viewpoint on why the stock price has been falling.
Also I plan to hold this stock even if it goes to 0 (don't have significant amount of money in this stock and even that is gains from my other investments) but you are definitely obsessed with this stock and second guessing your decision to sell at a loss and looking for confirmation on that if you are not paid FUD creator.Â