Nailed it Jetty.......and not a nickle in substantive EXPENSE CUTS. I mentioned the exec salary & bonuses based on "SALES" for these fat cats at least 3x in the last month.
So, biggie up the "sales" #'s and the bonuses/incentives go up!
Do you remember about 2-3 yrs ago the CEO stated he had a 5yr plan
to achieve profitability, Never did he elaborate on how he's going to achieve it.
Many quarters later, years in fact, they are no longer closer to a profit then they were then. But I'll bet the farm, they're wallets are allot fatter.
Aweek or so ago I gave up and sold all I had. This happened when a reliable technical indicator resolved to the downside. Thank God I got out with my teeth. Very small loss.
The headwinds they face now I'm sure was not anticipated. Russia, Oil, Currency. Global slowdown in China etc etc .
I can't wait for the CC this quarter. They can't dance around this result.
And the stock market as a whole is not in a forgiving mood. Witness the hammering it took in the last 2 days. I believe there's more to come based purely on technical indicators I follow. Could get real ugly....... and when this occurs it takes no prisoners.
The market is anticipating something we dumbnuts are not aware of.
We'll know what it is after the price is paid.
