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addin TTS February calls... expect NQ like squeeze.. much more credible than NQ and 11 million shorts
No, this isn't negative...
Tale of the Tape
Zacks Equity Research
Moving Average Crossover: Great News for Tile Shop Hldgs, Inc. (TTS)?
December 04, 2013
by Zacks Equity Research Published on December 04, 2013
Tile Shop Hldgs, Inc. (TTS - Snapshot Report) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for TTS broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.
This has already started to take place, as the stock has moved lower by 30.9% in the past four weeks. Plus, the company currently has a Zacks Rank 4(Sell) meaning that now could definitely be the time to get out of this potentially in-trouble stock.
Nope, no negativity whatsoever...nothing but blue skies...LOL!
How many ADDITIONAL law firms a week are announcing investigations/litigation? 5 or 6 a week? Think it's close to 20 now and adding every day. Not negative at all, put your retirement money in TTS, it's the safest play out there!
It's a buy. Not any negativity out there besides the Gotham Report, back to $30 we go!!!!!!!
The Judges and the SEC will determine whether they are "false allegations". Seems to be a whole lot of attorneys that don't think they're false. Especially since the company admitted at least part of them were true by saying they weren't aware but they'll stop.... too funny! Yeah I can see how I wouldn't be aware if I was doing business with my wife's brother for years and failed to report it in my SEC filings..."OOPS! We didn't know!" ha ha. If you think the SEC hasn't been contacted with all this by multiple sources ( especially with one of the law firms forming up ONE of the TWO separate issue class actions being a former SEC attorney and another one a former State Attorney General), and that they won't be making a formal inquiry just because a few analysts and message board posters are saying " false allegations by a short seller" then you're pretty naive at best... disengenuous is a better word lol. Lot's of inquiries, audits, hearings and legal work coming TTS' way. Then come the fines, sanctions and $ judgements. Kind of ironic too that the investor mentioned has been in the news in recent months for big troubles with the SEC. It's fitting actually, "birds of a feather...." :)
What do you mean by a formal investigation? Is that when "false allegations" are investigated? In addition, there is no indication that the SEC is involved in these false allegations.
Maybe the SEC is punishing them for the insider trading by making them buy stocks about to be hit with a formal investigation... LOL
Today SAC filed a 13G showing that they bought stock Friday in the Tile Sop although the stock was down almost $2.00 that day.
Wow! They must know something. We can expect a nice move tomorrow.
I don't know much about EBIX, that play is over.
TTS' troubles have only started as now this isnt about Gotham anymore and trying to play him off as a greedy short seller sullying their pristine reputation...it's about hundreds of Attorneys with large legal staff and Auditors going through everything with a fine tooth comb to prove damages...and then there's the SEC who is bound to weigh in at some point. Judges, attorneys, auditors, SEC ( heck who knows maybe the CPSC is gonna jump in too about the lead in the tiles lol)....All without the requisite pile of cash needed to fend these people off?? What's the saying about up the creek without a paddle?
Usually you're right. Most of the short bloggers put out rather flimsy drive bys. This one was very well researched and documented though. And then there's the issue of the lead in the tiles. A wholly separate class action brought out before Gotham's report. The big boys only care about selling stock and pleasing clients, they're gonna play dumb on this all the way down and claim "they didn't know" just like TTS management.
3 Months have passed and nothing on EBIX, Gotham was involved in that too
You seem to have a pretty good defense argument to the charges. As good as the one they've come up with anyway.... Maybe you can represent them in all the court hearings they're going to be hauled into over the next three years. Hope you don't mind getting paid in lead filled floor tiles or penny stock though because they don't have much cash LOL
Have a great weekend!
Never believe a short seller is all I'm saying, If there was an issue, The big boys would have found it a long time ago!!!!!!
Seems to be a boatload of attorneys that think there's something to them lol. TTS response of "we werent aware but now we stopped" is pretty weak. They seriously didn't know they were buying crap chinese tiles from the ceo's brother in law for years?? Oh yeah, that's believable. Still going to close green today?
The law firms are really piling on. Everyone wants a piece of this
Why is it irrational? Was the bounce to 18 irrational as well or do only down moves fall into this category? :)
Horrible selloff today - irrational.
Regardless of Gotham, there are TWO entirely different class action suits forming up with dozens of vulture law firms on the attack. One suit was announced before Gotham ever issued their report. Look at the chart.
Two articles today bring up negatives that aren't related to Gotham's charges and raise questions to me of where is TTS going to get the cash to pay to defend against these suits and what does that do to the share price? Secondly, with downward revisions having already occurred and more very possible shortly, how does this small float stock keep from being crushed under the weight of all this? (Gotham's allegations, the numerous lawsuits and the threat/realization of analysts going negative). There's so many other stocks out there without all this on them why would anyone risk holding TTS long when they could lose half in an hour or two of trading time? Even IF (as the article stated) the Gotham charges are without merit?.... As a bounce play thats now over? Sure if you had the guts! ...As an investment?? Hmmmmmm, No thanks! I'll stick with Home Depot if I want an investment in the red hot retail floor tile sector (sarcasm). LOL
http://www.thestreet.com/story/12117192/1/tile-shop-holdings-tts-in-a-perilous-reversal.html
http://www.zacks.com/stock/news/114812/tile-shop-holdings-incs-tts-shares-rose-over-9-on-the-day
If the SEC starts a formal inquiry single digits will come in hours. This moves down a LOT faster than it moves up.
Congrats to you guys that bought down low.
I really didn't think it would get this nice a bounce. Too bad I didn't get in on it. Ominous silence still though from the short side
Possible Violations of Federal Securities Laws
Wonder if TTS could be halted again.
SHAREHOLDER ALERT: Levi & Korsinsky, LLP Launches Investigation of TILE SHOP HOLDINGS, INC. for Possible Violations of Federal Securities Laws
1:19 PM ET 11/18/13 | BusinessWire
RELATED QUOTES
1:35 PM ET 11/18/13
Symbol Last % Chg
TTS
15.93 9.86%
Real time quote.
Levi & Korsinsky is investigating Tile Shop Holdings, Inc. ("Tile Shop" or the "Company") (Nasdaq: TTS) for possible violations of federal securities laws.
Click here to learn more about the investigation: http://zlk.9nl.com/tile-shop-holdings-tts/ or call: 877-363-5972. There is no cost or obligation to you.
On November 14, 2013, Gotham City Research LLC issued a report stating that the Company had, among other allegations, overstated its 2013 earnings by over 200 percent. The report further alleged that the Company's largest supplier, Beijing Pingxiu, is an undisclosed related company secretly controlled by the brother-in-law of the Company's CEO and a current Tile Shop employee, Fumitake Nishi. On the news, TTS stocks plummeted $8.27 per share to close at $12.95 per share - a drop of 38% from the previous day's closing price.
If you own Tile Shop stock and wish to obtain additional information about the investigation and your legal rights, please contact Joseph E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/tile-shop-holdings-tts/.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
http://cts.businesswire.com/ct/CT?id=bwnews&sty=20131118006342r1&sid=cmtx6&distro=nx
SOURCE: Levi & Korsinsky, LLP
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
Tel: 212-363-7500
Toll Free: 877-363-5972
Fax: 866-367-6510
www.zlk.com
Looks like the market is waiting for the other shoe to drop. Only news is the multiple law firms trying to get a piece.
I'm out @ $15.99, waiting for a slight drop and then I'll reload
Watching for a SHORT SQUEEZE similar to NQ/Muddy Waters and their false claims legal fight. Should be interesting next week. We nailed this one with the short squeeze mid day from 13-14
Have u looked at the chart before last week? Its ugly and that was before Gotham issued the report. New highs? Really? Why? This
is TILE we are talking about not TECH. What's the catalyst besides a low float stock that's easy to manipulate? Citi didn't seem to think its going to new highs and PJ and CS got caught with their pants down so they need to act accordingly to help their clients recoup all that lost cash. They'll slowly and quietly downgrade in the months to come. I dont see EBIX big recovery either. Looks like a big splat with the typical small dead cat bounces lol
EBIX was also the target of Gotham, they killed shareholders there too, but that stock is recovering, I expect TTS to bounce back and hit new highs next week
Read Gothams reports, they have not much to stand on, much of the reports are false and they are by far this biggest short seller out there, stating shares are worth under $2 made them a lot of money , I expect we will head to $25 fairly fast, most likely this next week.... Gotham should be the company under investigation
Nice climb at eod for you, hope you made some $ ! Guess some shorts didn't want to hold over the weekend either.
Down 8 bucks yesterday and up $1.50 today.... not instilling a lot of confidence in me especially with the 48,000 share sell at the close. But we will find out next week lol.
Have a great weekend
What a day
Gutsy move. I wouldn't hold this over the weekend with all the negatives and the 55% downgrade by citi lending credibility to gotham's allegations...After the monster move down yesterday and all the bounce that it mustered today is barely in the green. Should have bounced higher if it was going to recover. But good luck to you, hope you set a stop! :)
Ok, I'm all in, hope Piper Jaffray is right !!!!!! Could a boat load of cash
Man, I'm not sure where it goes from here do I'm out til it drops back to $12
Citi downgraded from $32 to $14.75....
Lovin this Tile.^$ Rockin N Rollin again today!!!
Took it long enough to bounce....now back down to under 10 lol
Will go to $16 today, I loaded a bit early today but the reward will pay off
Im certain a lot of them did and a lot of others established new short positions...and a bunch of day traders got caught holding overnight because of the halt, lol. Will be interesting when this reopens. It did get halted for 5 minutes this morning due to volatilty. No restart info posted yet, hope it's not still halted in the AM
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Tile Shop Holdings, Inc. operates as a specialty retailer of manufactured and natural stone tiles, setting and maintenance materials, and related accessories in the United States. It offers approximately 4,500 products, including ceramic, porcelain, glass, and stainless steel manufactured tiles; and marble, granite, quartz, sandstone, travertine, slate, and onyx natural tiles primarily under Rush River and Fired Earth names. The company also manufactures setting and maintenance materials, such as thinset, grout, and sealers under the Superior brand name. As of December 20, 2013, it operated 89 stores in 28 states. The company also sells its products through its Website, tileshop.com. Tile Shop Holdings, Inc. was founded in 1985 and is headquartered in Plymouth, Minnesota.
Tile Shop Holdings, Inc.
14000 Carlson Parkway
Plymouth, MN 55441
United States - http://maps.yahoo.com/maps_result?addr=14000%20Carlson%20Parkway&csz=Plymouth%20MN%2055441&country=United%20States" rel="nofollow">Map
Phone: 763-852-2901
Website: http://www.tileshop.com
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