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Merry Christmas and Happy new year to all. Hope Santa was s good to me as it is for you!
My question is why are you guys still putting money in this piece of shit? Stop holding it (play the up and down or short it). And if you were holding it the since 2017, you have lost 99% of what you have paid! This has been the history of this stock the past 4 year. Be smart.
The money to be made is trade/short, not hold it.
I dont see those who used to delete my post when I warn them of this stock. So you know who they are. They were not here tp help make you money! LOL
stop loss triggled. Stock sold
But a few more. Averaged down. With $5.6/ps, I am now in a black...
Lets see how it goes tomorrow.
My first very small purchase since I sold all. Will start buying more in the mid $5. Nice to be back...:)
The company is going through some hard times.
Not yet in the clear yet.
If they can weather the storm, It could be a rewarding play.
It will have a bad 4th Q. It will have a bad 1st Q in 2017. Beyond that, I don't know until I see the 4th Q of 2016.
Regardless, it has been and still is a great company for day traders.
What discount did they give to sell their $30M tax credit?
How much lost did they generate from the sale of the tax credit ?
How much sales for the last Q and what amount of lost did they end up?
All those who can add and analyze will be able to figure out.
Just look at the last Q numbers.....and then extrapolate it to this Q.
This company has value if they can shape up and the price of oil goes up! Until then....it is struggling along and do they have enough cash to last..that is the biggest issue for the company!
All my opinion and best to do your own DD
On my Radar..
Will be buying once this gets to below 6 and will mostly be day trading and will not hold for the year end financial.
I suspect this will go up on news. But the sale of tax credit will also mean (at least) a lost of 15 to 20% of the value of tax credit received....meaning the quarter just ended is likely to be bad.
Lots of money to be made on day trading this stock...not much value for this company given the state the oil is trading....
Just play the game...and make good money from it.
I bought in the mid $6 and sold in the high $6 and low $7.
Just lock in profits.....why worry about the 4 or 5 baggers. I already make more than that.
Will be buying back in the low 6 soon.
Do not laugh. If they get their act together, $30 is not impossible. At this time they got lots of skeleton. The next few quarters are not going to be pretty.
Here are the facts
Equity $60M
Reorg provision - $30M (this is an expense that they will amortized over the next few years)
Tax cert sell loss - $5M (20% discount for the $25M)
Future tax Cert selling - $12M (20% discount for the $60M)
Real Equity at the moment is $13M
If sales of $20M for the last Q, tag in another $3-5M loss.
We now have $8-10M in equity. The basic number tells me that in the short term, PPS will drop until their business stabilize. But I do welcome the P and D. I made money playing their game by recognizing their patterns
Ok....
As long as you lock in profits. Enjoy
No one is disputing the $15 to $20 range. I have said it far too many times that the stock is worth around that range...
There stock was reversed split at $20.25 cents and they were in a worst condition than now.
They now have a clean balance sheet. Will be profitable if we do not account for the free shares given lenders for this quarter.
But they will be profitable the next quarter because all the skeleton in the financials will be gone after this quarters.
Price of oil has gone up (back down the last few days) and this are all the pluses I see.
But be smart.......lock in profit when possible.
I dont know what you are thinking..the past two 30% run....I double my money....so that is already more than your $15 to 20 you had in mind. and there were so many 10 to 15% run....
And I am now holding more shares than ever and they are all free. Use head and think. Do not marry to the stock. Do not think just the $15 to $20. So much money to be made if you play the right game. You have lost so much already!!
Remember to lock in profits.....
I made more than 10X my money from the initial run of to now.
Never thought that SAEX is a gift from heaven day trading it.
I have made more than 30% three times (one was from yesterday) and there were so many days that I made 10 to 15%. I was able to buy back all I sold (in the low 11 to high 10) in the low-low $8 to high $7.
BTW short interest at Oct 14 was 336K shares. And my gentle reminder again to the shorters. Do not short this share. Very risky to do so!
For the record, I got back all the shares that I sold and more.
Have a great day!
It saddens me to say that one should never marry to a stock. Like all the other runs on this stock, it came come back down! Play the Market makers/Shorters game. And there is alot of money to be make on this stock. The financials, fundamentals means F all. If we use fundamentals, this stock should not trade in the range now..it should be in the $15-20 range. But it wont happen until we have a few good quarters behind us.
I am partially back in at the 8.10 range. Looking to buy back more at a lower than the 8.10 range. If I spend all the money I make from SAEX, I can tell you all I can own over 30,000 shares of saex. As I have always tell you guys, please lock in your profits.
Why I am buying now even if I think it can go further....?
Because I do not know how low it will go! But I am comfortable with that magic number.
Enjoy the profit that was made today to those who sold. This stock is not for the faint hearted and do not buy this stock on margin or you get burned.
This stock is worth $15 to 20 (you know it and I know it) but the market is not appreciating this stock as it is. So dont get caught up with it..play and make money but buy back.
ps: I have orders to buy back in the low 8.
Shorts can do alot of damage on low volume float.
The fear they put in people minds via posting. And the pump they do. Just becareful.
Why I am very blunt the other day when some arse accused me that I am faking ownership of shares I had. (I rounded to the next number) These are the kind of things that shorts will do to shot down credibility, etc.
Just play their game..F them. And make lots of money no matter what they do. I watch patterns and for a few weeks they just jacked the price up in the morning and buy low in the afternoon. I did the same everyday....sell all I own and buy back in the day...make lots if money...
They revenged the past weeks...and that is fine..I still play their game...bought more and I get rewarded today (AGAIN)
Lots of potential.
Oil price above $60 will bring lots of projects to the company. Once all the expenses including free shares are recorded on this quarter, there should not be any skeleton that will hurt the bottom line of the financials.
I was hoping it will go up more, but when I see major resistance I started my sale. Will buy back...I see this dropping back to the mid 8 today. The shorts are pretty aggressive and I will buy back at that point.
ps we will know the short interest at closing today....
It is not a false run....
This stock is being manipulated and for the following reasons
1) low float
2) no history of stability. The past few years is a dismay.
3) low cash
While it may have re-organised, it still need to prove itself.
For the time being, I make money trading it....up and down.
If it gets its act together...those holding now can make alot of money.
I dont get into a habit of tell people what I do...
I sold out at high 10s and low 11.
Waiting to buy back....(and in the 8 dollars range)
Lets just say this day trading and accumulation of saex has been very profitable....
My buying back of saex ..but likely after the Financials get released.
Who knows. appears volume has dried up.
Excluding the big charge for issuing the 2.8M shares, they should have a good quarter.
But I wont be holding beyond Nov 2. I will day trade it for the up and down. Seeing the stock drops 5-10% a day and every day is trying but it is a stock to day trade...and that is my opinion.
This is very trying.....
and is what I can tell you.
Without talking about my recent addition, I had close to $190K of shares when it was trading at around 9. Now it is worth $140K. Yes, they are money made from the runs of SAEX.....but it is still a 50K lost profit.
I am ready to buy more.....if it hits below 7. But not holding beyond Nov 2. I expect to make that %50K "lost" and more but we will see.
Its dated Oct 13 2016. And a SEC filing OCT 12 2016 by creative. That is post RS of 135. I am trying to locate that filing...can someone help?
The had 23K (june 30th) and bought 3108K (SEC filing Oct 12) shares..total 3132K shares owned (in the news).
It is definitely bought by creative planning.
Based on my last posting, It means that the creative basically bought all the shares that was registered. With that said...what is the true float that are available to the public?
My thoughts on this is we may have less than 2M shares in the float...and a lot less if i count those of you and me (I OWNED MORE SHARES THAN 6 OF THE INSTITUTIONAL INVESTORS..lol) that are holding. If there is a squeeze and none of us sell, MOON here I come!!!!!........(oh I am just dreaming..........)
I cant wait to see how many shares was shorted as at Oct 14.
And my advise to you shorts. Careful.....and do not get burnt!!!!
Your time is up!!!!! Large companies taking stakes in SAEX are not stupid. They know they can make lots of monies by taking position in SAEX.
http://markets.ft.com/data/equities/tearsheet/profile?s=SAEX:NMQ
Did anyone see this? Creative Planning buys $25,652,915 stake in SAExploration Holdings (SAEX). (companies buyinginto SAEX but shares keep dropping. Are the companies that buys into SAEX STUPID?)
http://www.thefoundersdaily.com/creative-planning-buys-25652915-stake-in-saexploration-holdings-saex/683307/
SAExploration Holdings (SAEX) : Creative Planning scooped up 3,108,404 additional shares in SAExploration Holdings during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 3,132,224 shares of SAExploration Holdings which is valued at $25,652,915.SAExploration Holdings makes up approximately 0.17% of Creative Planning’s portfolio.
SAExploration Holdings closed down -0.61 points or -6.93% at $8.19 with 9,10,217 shares getting traded on Tuesday. Post opening the session at $8.49, the shares hit an intraday low of $8.131 and an intraday high of $9.18 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
Here is my view
They had $140M in loan.
The new loan agreement is as follows.
$70M in new debt at 10% interest
$70M in shares (6.4M issued) (approx 11 per share)
The also got a new loan facility of $30M and for the privileged of having the facility they were gave 2.8M shares. Just bear in mind that if there was no re-org, this company would have gone under. It is the cost of doing business. ($30m/2.8M = approx 11 per share)
I could be wrong, the shares they got was valued at between 10 and 12 (do not remember where I got that info from and what it was valued at but I remembered the range).
The bottomline and your concern and mine should be the earnings and if the company executed what it should to bring value to the shareholders. As far as I am concerned, the year to date $14m after tax earnings for 6 months should bring lots of value to the company. Its after tax earnings for the next 2 quarters should be in the $6-10M.
Put all those numbers together......we have a stock that is beaten to the ground because of its past (oil price dropping and the merger that causes financial strained). Now that it is all behind us, I see the stock going up. This quarter is a must to show $3-5M of profit. If it does, we should see $15 to $20. If it doesnt, it will continued to be beaten down! And based on my analysis, they should come in between those numbers.
For those who do not read financials and play this stock blindly, here are the things you should know from the June financials.
Cost that are behind us (savings going forward)
Re-organization cost - $2.3M
Tax adjustments - approximately $2.M (the normal rax is approx 16% but company accrued an extra $2.1M for tax adjustments in June financials that should not happen going forward)
Interest - $1-2M of savings due to conversion of loans to equity
Assuming that nothing changed, we should see approx 3-5M in after tax earnings.
Info I read or heard and not sure where (when they announced the June financials)
They have $70M of firmed orders and over $300M of bids in the pipeline.
With these numbers and the price of oil up, what do you think the shares will be on Nov 3?
All the above are public info.
My advice to the shorters....today is the last day to show low shares shorted. Clear your shorts. Do not short this stock. it is the wrong stock to short. You will be badly hurt/burnt when this goes through roof come Nov 3 when they announced their earnings of $3-5M for the quarter. Their troubles are behind them!!!!
Andrew, did I answer your questions on the on the financial with regard to the $14M profit they have for the 6 months ending Jun 30?
No worries with what they are bidding on. That is a bonus if it happens. All i AM CONCERN about is their quarterly results and their financial position. With public data available, I feel that there is a potential for this stock to be in the 15-20$ easily. It should not be at 7 or 8 dollars. It can be in the 12 or 13$ range. I have always maintained that view...that a company that makes $14M for 6 months should be worth a lot more. (especially they have fixed their financial troubles)
Just joking with the 2x earnings....in case I get accused of whatever. But I do not believe the stock should be this low.....thats the bottom line. If it was in the 13 to 14 dollars, I can understand because of the past troubles. But they have re-or and things are on the better.....
.3m is for second q (as a result of re-or cost).
That re-og should be behind them. They cut their interest by 1/2. If they keep their business as it is....they should now be profitable after tax. The price of oil has gone up. Their business should pick up!. I think it is positive. But it appears their price says otherwise! I have asked a few of my colleagues to look at this stock and they are scratching their heads (on the price) ... they may be buying and I hope they do.
https://ca.finance.yahoo.com/q/is?s=SAEX
Look in the quarterly data
Jan to Mar 31 quarter - 14240 (first q)
April to Jun quarter - 255 (second Q)
Total for the year (1Q and 2Q) - 14000 (rounding so no one can accused me of lying because I rounded numbers)
Of course you can also look up their 10Q filings.....and YTD earnings is $14M
http://investors.saexploration.com/secfiling.cfm?filingID=1514732-16-246&CIK=1514732
Do your due diligence. My opinions are mine. I like this stock and doesn't mean that you should like it too. I am accumulating....but I am not a long. I do not marry to any stock. I will sell when I feel that I make enough. Most here knows what my range is....1 strongly feel that this stock should be trading 8-10X earnings. Ok.......1 will take 2 times...LOL
To shorters.
Please keep it below 8. I am buying and I got several friends interested and will also be buying.
Thank you!
First day in a long time I did not trade SAEX. It dropped in the morning and it dropped further in the afternoon.
Tomorrow is another day and will see where this stock heads. I made a lot of money on IPCI and will be looking to use it on SAEX. I also have the ability to use my margin to buy more SAEX if needed.
Come on shorters..help me make more money and allow me to buy this stock at a even lower lower price tomorrow. I would like to see 600 to 700K shares shorted when the shorted report for the Oct 14 balance comes out.
Official records....
On Sept 30, a total of 316643 shares was shorted.
What do you think the number of shares that is being shorted at closing Oct 14?
Unofficial record..I do not know.
http://www.nasdaq.com/symbol/saex/short-interest
OMG..what have I done?
I called out the shorters trading patterns the past few weeks and they revenged with dropping the price at the start of the trading day two days in a row and keeping it low.
Guess we never win. LOL. They will run this down as far as they can and run this up just just prior to the nov 3.
Good read for shorters....and my comment to you (not you---sleepthief) who is having a ball shorting SAEX...your time is up!!!!!
http://www.marketwatch.com/story/help-my-short-position-got-crushed-and-now-i-owe-e-trade-10644556-2015-11-19
His name is Joe Campbell, and he claims he went to bed Wednesday evening with some $37,000 in his trading account at E-Trade. One notable development on the pharma front later, and Campbell woke up to a debt of $106,445.56. Now, he may end up liquidating his 401(k). And his wife’s.
That’s where you come in. At least where Campbell desperately hopes you come in. Of course, sympathy in the trading community over such gaffes is typically in short supply.
His is a cautionary tale of getting caught on the wrong side of one of the riskier bets on Wall Street. When you’re long, the worst you can do is lose is everything. But when you’re short, everything and a lot more is at stake. He should have known better, no doubt, but you have to feel for this poor guy.
See also: Why you should never short-sell stocks
This is what apparently happened, as Joe explains in his GoFundMe plea.
“I was holding KBIO short overnight for what I thought was a nice $2.00 fade coming,” he wrote. “At the close of the bell I saw the quote montage clear out and figured today there was no action after hours in the stock. So I went to my office for a long meeting. I got out of the meeting and saw a message from one of my buddy’s, he asked if I was ok since I was short KBIO.”
OK he was not. Far from it.
KaloBios US:KBIO stock had exploded, running up about 800% at one point in late trading after Turing Pharmaceuticals CEO Martin Shkreli (yes, THAT Shkreli) gained control of a majority of the shares. KaloBios had announced last week that it was winding down operations because it was running out of cash while developing two potential cancer drugs.
This is what a true trading nightmare looks like:
So now Campbell is coming to the community for some help. Good luck.
“If you don’t want to donate I understand, at least read my story of what happened today and protect yourself from the same happening to you!” he wrote. “This is a terrible lesson for me but if this helps just one person than I’m happy I wrote this.”
As you might expect, Campbell took a beating in the comments section.
Lol....good luck.
This company made $14m in their 6 months income statement. They re organised. Improved their balance sheet. And the stock keep dropping. I can't figure it out why. Company has 9m shares outstanding and a 4m public float. We trade in million's everyday. Where are they getting their shares?....Manipulation or shorted heavily or something else? It's a stock send by heaven for me.
Not anymore. They are changing their game today after I called them out? Let's see if they move it up in the afternoon. Time to add a small amount to my collections.