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Someone with L2 for pinks...
Does this sudden volume look like buying or selling?
Which post is the Biteback post being discussed here?
I think JD's time would have been better served countering anything posted here that he feels is untrue with factual verifiable information... rather than wasting shareholder money on ink and paper...
It is very simple JD... just tell the truth... the whole truth... if you had, you wouldn't have a pile of angry shareholders with tar and feathers out here chanting your name...
You have no one to blame but yourself... resigning does not undo the damage that you have done to your company's reputation... and a new CEO will have to try to execute out of the crater that you created...
That said... I am long and have been accumulating lately because I feel that your utter incompetence has driven the company's value below what I feel is reasonable... however, your refusal to file anything to allow anyone to value your company based on anything except faith or a gut feeling is deplorable...
I believe $4M in sales would likely be viewed favorably since many people believe that they will be lower than that. What a $4M number means to JD's credibility... is another story altogether.
But to portray guidance as $4-6M when the company has repeatedly said (and reaffirmed) publicly the $6M number is disengenuous.
To save anyone who wants to verify this some time... at 1:53 in to the first part of the CC JD throws out the "Top $6M in 2009" part:
From the CC, JD says:
"sales to top 6M in 2009... potentially higher"
Clear as a bell!
And he reiterated it at the December 2nd SM.
Now then... what is the origin of this downward revision to $4-6M and why is this repeatedly being presented here as the company's actual guidance?
Is this downward revision non-public info provided to *phone friendlies*, or is the $4-6M range erroneous?
SBB,
I am of a contrarian opinion regarding the double dip. I believe without an additional stimulus package (like giving a drowning man a glass of water), the double dip is virtually inevitable.
The housing inventory backlog, which plunged in April as the tax credits were about to expire, jumped from 5.8 months to 8.5 months. And, this excess supply is exerting more downward pressure on pricing...
The median price of a new home fell in May to $200,900 (down nearly 10% since December). Home prices have not been this low since December 2003...
Even with all the stimulus aimed at the housing market, it still took builders a record median 14.2 months to find a buyer for a completed home in May...
The housing sector is broken, IMO. People are afraid to buy an asset they see will depreciate in value.
That said... how much of this is already priced in?
That's an instant classic!
OK, thanks...
So why is a legitimate buy in the tally of Finra's short data? My answer is that they filled the shares with shares that they did not actually have in inventory (i.e. they technically went short... doing their job... providing liquidity) and will close the position them with shares someone sells tomorrow. What's the problem? That is how it is supposed to work!
Can you explain the meaning of the 4 underlined trades, please?
I figured it out... they sum to make the *short* total!
Here's the problem... the last 2 trades of the day are mine and they are buys...
What are the ramifications of them apples?
Absolutely! Corporate America should do MUCH more charity work than it does!
Looks like a Will Hartley deal. Probably left over from the Builder's Choice era.
Your question usually plagues people long a stock...
Who IS selling?
If the stock is clearly a great investment at this level, then any selling must be shorts! Oh, wait... there are no FTD's!
Uh... I know... it must be MM manipulation! Wait... what possible motive would they have for downwardly manipulating a nearly worthless stock?
Ah ha! It is wash trades!!!! Uh... someone is breaking the law to make it appear that the volume being traded is higher than it actually is with the hope of scaring people into selling so they themselves could buy cheaper shares? Right...
I think we've hit the bottom of the barrel on the conspiracy front! I believe Occam's Razor applies here... the simplest explanation is usually the correct one...
Penny,
Did you verify with the T/A that this latest batch was restricted?
OK, then try this theory on...
Whomever EXPH sells the shares to shorts an equal amount of shares on the open market. When the shares arrive, they use those shares to cover the short position... thus netting the difference in price with extremely little risk and no visible FTDs!
I'd say right now knowing who these two buyers of the PP shares are is paramount to understanding what is going on and the company OWES shareholders the information on who these buyers are! Those that are in contact should DEMAND this info!
I find it to be a very unlikely coincidence that after each round of dilution we immediately see a large daily volume increase of these *wash* sales...
SBB, do you have any theories on the correlation?
Who is JERRY D ELLEDGE on that filing? Is that the building ownwer?
What I'm trying to figure out here is why every PR by the company is met with immediate selling?
This has been going on for like 10 months now... and gets worse with each successive PR!
Possible sellers on news:
1) Flippers/daytraders
2) PPs
3) Large stockholders
4) Shorts (No FTDs says no)
5) Insiders (Company says no, but won't prove it)
The answer has to be on that list, right?
The company released this info back on 5/12: