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We have some pretty good gap ups. Costs more to short the price down, than to drive the price up. Today I expect the price to go up good. Shorts are still in trouble.
The entire volume was shorting. So ya the longs got a hair cut. But all that short volume will have to go long to cover at some point. How were you guy's able to short so much, when there were only 10,000 shares available to use to short? Naked shares? You know what is going to happen on 2-28-2011 don't you. This was one day down. Tomorrow will most likely be up, unless you guys naked short like mad again. Are you helping the economy or making it worse?
ScreamingTrea, SBAY dropped 1.62 today. That's a significant haircut. You really didn't expect that SBAY would continue to move northward without a rest, did you?
You new shorts will just get snow balled into the train wreck.
The shorts who shorted sbay from the $11.00 range down to the $5.80 range and held it down there long enough for all of us longs to average down, have shorted at least half the float. I fallowed the volume from $5.80 to $9.50, the volume total was 1.2 million. When the first hedge funds started buying in the other hedge funds and retail shorts started to short like mad to try to prevent from being squeezed. They slowed it down to a stop at the $9.50 area, and then lost control. And I have been seeing a ton of shorting every day since as the price is rising. You guys shorting right now better have twice as much money as the original shorts did in order to stop the train, cause you are able to borrow more shares at a lower price than a higher price. The squeeze started because the original shorts didn't get hardly any shares from the longs. We didn't sell for a loss, we averaged down. The original shorts shorted at the low because they wanted to trigger everyones stop losses while everyone was gone at work. But, all the longs didn't have stop losses activated because of the low float of 2.5 mill. We knew sbay moves arround. You shorts can't stop this squeeze because the original shorts, shorted too heavy too hard in the first place. And they are starting to buy in now at the $14.60 range, and they have to buy in more shares than you guys can afford to short. You new shorts will just get snow balled into the train wreck. Just keep shorting to find out.
Sbay is an enigma...the beast may go back to year highs.
Screaming, while a lot of what you say is true, I wouldn't classify myself as an "idiot" for holding a short position at the moment. Calling people "idiots" who have a different strategy than you is a bit strong.
The stock has nearly tripled from its lows in the past 3 weeks. I think a rest is overdue. That's not to say it can't go higher. It certainly can!! But, as you know, stocks that tend to go up quickly tend to come down quickly. We'll see what happens....
Sbay is going up, and the shorts are getting squeezed. I don't know why the shorts are fighting the inevitable. For every short sieg there is a short squeeze. They keep thowing good money after the bad. Idiots. You would think that they would be a sheep and go long. If you wan't to make $$$$ you have to fallow the direction the stock wants to go.
This has been a crazy run. SBAY was in the 5's on 12/23 and earlier today on 1/11 it was in the mid-14's.
I've shorted a few times and obviously my short position is in the red. But, I think the unrelenting northward push will change in the next day or two. I'm amazed that we're still up .50 today (as I speak) because the volume has really dropped off since the first hour of trading. It's almost as if somebody keeps pushing it up with little buys.
I could be way wrong, but I think 15 or today's high of 14.49 is as high as we'll go. I think it will start heading south tomorrow or Thursday. But, as Traderfan mentioned on another board today, SBAY could go to 20....or, it could go to 8. Hard to disagree. I don't think anybody has ever figured out this stock.
Finally went short between $13.27 and $13.31 .......
Certainly didn't bet the farm. Now trading with a forward P/E of nearly 5 and everyone and their dog knows that 2011 EPS estimates are total B.S. estimates that will most likely be revised downward a few times during the year, as is ALWAYS the case with "Ichabod" Crane. Dilution will ALWAYS be in play with these crooks.
Interesting article about Coupons in China.
http://finance.yahoo.com/news/Coupon-generation-wields-apf-1499407326.html?x=0&sec=topStories&pos=6&asset=&ccode=
For a little background I don't own SBAY nor have I in the past in any capacity. I am however considering it as an investment, audit upgrade and successful advertising/marketing campaign make this an exciting prospect. Everybody and their mother have probably already looked at the Alexa.com website to see the website traffic on subaye.com but if you haven't you should check that out. Looks like 4+ million are visiting the site and the growth rate in traffic is staggering since mid 2010. Anyways....thought I would give my 2 cents.
If your wondering where I'm pulling 4+ million from go to http://www.internetworldstats.com/stats.htm and multiply the internet users current data total by percent of global Internet users who visit subaye.com which can be found on Alexa.com.
I think volume will dry up significantly today. It will be interesting to see how the PPS holds up. No shares were traded post-market yesterday and none so far in pre-market this morning.
good luck with this, you might want to check out the yahoo message boards.
This company just posted financials and is $23,000,000 UPSIDE DOWN in the RED.
Whocares, whocares? To the rest of us - make some bank and short this loser stock. Do not take my word just study the financials. This is business school 101. Stock should be in the $3's. Even who cares can triple investment if he shorts and sits back for the correction. No ---short squeeze margin calls remain as it all played out---- nothing left in this stock, only a correction downward spiral. A short squeeze does not make a sustainable rally.
dolt is a good one. I like that. All I can say is good luck.
numbskull? so articulate. I of course did my dd you dolt. The numbers when 8k and other financials are run multiple times over arrive time and time again in the three dollar range with market cap of 30 million. This Cnina stock is way over hyped. Its absurd how high it has gone with lite trading and margin calls with auto short covering. Do the math then short and by back stock at $5.
hey numbskull, online mall is only a fraction of there business. do your homework!. I do admire your guts tho.
SHORT THIS STOCK! Online mall 3% return on a transaction = a $10 stock? I shorted 4,650 shares at $9.75 last hour of trading. Crunch the numbers and you will arrive at the $3 per share range as I did. This is a $3 stock for a reason. Do your homework. Then short it. Nothing supporting this level. News fades and the financials support the $3's and a market cap in the $30 m range. This stock way overbought. Must have been a short squeeze that played out with margin calls that got to these nose bleed heights. Light trading days can do this.
Very impressed with the Subaye online mall.
my $6's are lookin sweet.....
I'm lurking. Was never a Crane fan and for the most part, stayed away. Yet, watching it dwindle on small volume, perks my interest.
I'm still following, and yes, I agree, it looks cheap. I'd be a buyer if I had any belief that the company could do something to increase shareholder value but it seems that every decision they make causes the stock to tank. Acquisition, stock price drops. Change in focus, price drops. New sales strategy, price drops.
Another few cents down and I'll be forced to buy but I'm certainly wondering what it's going to take for management to get their story out to the investor community.
Anyone follow this one anymore? Seems awfully cheap at these prices........
Very interesting press release this morning. I like the change of direction and even though it may be a short terms hiccup for the stock, I think long term this is a great move. Cloud computing is certainly the wave of the future and I applaud management for recognizing it.
This new software bundle which includes CRM software reminds me of a similar move by a company here in the states, Salesforce. Salesforce is a $15 billion company so I'm thinking there is plenty of room for growth or maybe even.....wait for it....a buyout at a later date?
Also in the press release, we finally have a launch date for the long awaited 3-D mall. That's certainly going to be a positive catalyst as revenue comes in.
Analysts are estimating 0.31 a share this quarter and 0.28 next quarter. I'm coming in closer to .38 this quarter and .41 next quarter.
Anyone have an opinion to share?
point well taken...
"spend that kind of money"
lol, i'd be perfectly happy if they spent that kind of money.
show me the cash flow statement, and i'll show you that they spent no money.
I think SBAY has found some software they feel they can integrate into their own. I don't think you spend that kind of money without knowing exactly what you're getting that's going to help growth and profit.
I'll wait for more information before I pass judgement.
Check out the EIGH board on IHUB. Its running nicely today and should for the next month!
SBAY has a nice set up to be collecting revenue for awhile without doing much work. I think we'll see $12 a share in the not so distant future.
What is this EIGH company you speak of Emerson?
I was in it for years during the MYST era and I did okay. Def. made some money. Not like the kind of money I think I'll make with EIGH!!!
Hi Emerson, Sbay has been a very good stock to me back in the tcom, and myst days. I'm just watching it now but amazed that pre split, this is .08. If it goes lower, it might be a no brainer to get back in. No position as of now.
Hey Faxed! Still hanging out on this sucker huh? Nice to see another Denster over here :
It's like buying Sbay at .08 a share pre R/S.
chart looks pretty ugly printing lower lows, downward trending indicators but look like nearing oversold. is pretty near to 52 wk low on split adjusted basis. I'll jump back in if i see beginning of upturning indicators as this will be due for the bouncy
Yep all about risk vs reward! If its all true and they meet the $3.69 projection for next year (and by the recent PRs I think they could actually beat it) then this is a $50 stock IMO! Even more if you think what PE a company that will grow earnings at over 100% could have. I see $5 profit plus in 2012. Put a PE of 20 (conservative look at BIDU and Alibaba) and you get triple digits. Of coarse there is a risk its all smoke and mirrors but they do have a website that looks good to me! A chance I will take.
Yep all about risk vs reward! If its all true and they meet the $3.69 projection for next year (and by the recent PRs I think they could actually beat it) then this is a $50 stock IMO! Even more if you think what PE a company that will grow earnings at over 100% could have. I see $5 profit plus in 2012. Put a PE of 20 (conservative look at BIDU and Alibaba) and you get triple digits. Of coarse there is a risk its all smoke and mirrors but they do have a website that looks good to me! A chance I will take.
If this company is making the kind of cash they say there are, this stock easily trades up to $20 in the next 12 months. The balance sheet has no debt and they're just collecting cash.
Easy play but a rocky ride.
Subaye, Inc. to Ring NASDAQ Opening Bell on July 15, 2010Last update:
7/14/2010 7:00:00 AMGUANGZHOU CITY, China, July 14, 2010 /PRNewswire via COMTEX/ -- Subaye, Inc.
(SBAY) ("Subaye" or the "Company"), a leading outsourced marketing services provider in China engaged in on-line video advertising and cloud computing business solutions, today announced that the Company's senior management team will ring the opening bell at the
NASDAQ MarketSite in New York City's Times Square at 9:30 a.m. Eastern Time on Thursday, July 15, 2010. "We are honored to ring the NASDAQ opening bell to celebrate our listing on one of the most prestigious equity markets in the world" stated Mr.
Zhiguang Cai, Chief Executive Officer of Subaye, Inc. "We would like to thank our shareholders, dedicated employees, board of directors, management team, and all other parties who have allowed us to achieve this great milestone today." A live webcast of the NASDAQ Opening Bell will be available at: .
thinking of getting back in at these levels
a pe of 2 and peg under 1. so, where's the support or are we at it?
is it just me or does it look like this company is getting ready to run a money printing plant? I love what I'm seeing here! This stock doubles in a year in my opinion
hmmm, was starting to look attractive at these prices too ... have to wait for more clarification on this matter before proceeding.
HMMMMMMMMMM.....whats Crane up to now?
"During the six months ended March 31, 2010, the Company incurred $6.9 million in fees paid to a contractor to begin development work on a video search software application, which will be amortized over 3 years once the software is deployed."
$15ish trading...that's good. evidently the market is ok with lowered guidance...cleaner business plan, more cash, etc...
Guidance lowered way down for SBAY... at a PE of 5, this could tank down to $9 or less??
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2-Jun-2011
Entry into a Material Definitive Agreement, Change in Directors or Principal Officer
Item 1.01. Entry into a Material Definitive Agreement.
The information contained in Item 5.02 of this Current Report on Form 8-K is incorporated into this Item 1.01 by reference.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On June 1, 2011, the Board of Directors (the "Board") of Subaye, Inc. (the "Company") appointed Alexander Holtermann, the Company's current Chief Executive Officer and a member of the Board, to serve as the Company's President, effective as of June 1, 2011. There are no arrangements or understandings between Mr. Holtermann and any other person pursuant to which he was selected to serve as the Company's President. Biographical and other information regarding Mr. Holtermann can be found in the Company's Current Report on Form 8-K, which was filed with the United States Securities and Exchange Commission on May 17, 2011.
In connection with Mr. Holtermann's appointments as the Company's Chief Executive Officer and President, Mr. Holtermann and the Company entered into an employment agreement, effective May 12, 2011, pursuant to which Mr. Holtermann will be paid an annual salary of US$80,000. Mr. Holtermann will also receive a sign-on bonus of 150,000 shares of the Company's common stock, par value $0.001 (the "Common Stock"), and will receive a minimum annual bonus of 100,000 shares of Common Stock. A copy of Mr. Holtermann's employment contract is attached hereto as Exhibit 10.1.
On June 1, 2011, the Board also appointed Jacqueline Ng, age 30, to serve as the Company's Chief Financial Officer and Secretary, as well as a member of the Board, effective June 1, 2011.
Ms. Ng has worked as a company accountant in Australia, Hong Kong and China. Based in China and Hong Kong since 2006, Ms. Ng has provided investment analysis, GAAP advisory services and consultancy to China-based public companies and government. Since 2007, Ms. Ng has worked as an investment analysis consultant to Hui Land Group, a partnership of a private Chinese company and a top-tier Hong Kong listed public company. Ms. Ng has also acted as Assistant to the Chairman for the China Council for the Promotion of International Trade and the China Chamber of International Commerce since 2010, and served as a director for Empire Stores Pty Ltd., an Australian company, from 2001 to 2010. Her expertise includes financial management and strategy, corporate governance, and public and investor relations. Ms. Ng is fluent in both English and Chinese and has specialized in implementing cohesive corporate management strategies for east-west partnerships.
In connection with Ms. Ng's appointments, Ms. Ng and the Company entered into an employment agreement, dated May __, 2011, pursuant to which Ms. Ng will be paid an annual salary of US$60,000. Ms. Ng will also receive a sign-on bonus of 150,000 shares of the Company's Common Stock, and will receive a minimum annual bonus of 100,000 shares of Common Stock. A copy of Ms. Ng's employment agreement is attached hereto as Exhibit 10.2.
There are no family relationships between Ms. Ng and any director, executive officer or director or executive officer nominee of the Company. There has been no transaction since the beginning of the Company's last fiscal year, or any currently proposed transaction, in which Ms. Ng and the Company were or are to be a participant and the amount involved exceeds $120,000.
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