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A watched dead cat never bounces. EOM.
Probably a short decided to cover out of boredom.
Agree with your macro forecast pretty much...Personally I don't think big money like Goldman Sachs news department will let any really good macro news take off until the fall...it is just easier and more certain for them to play short term and play the downside for a few more months until the launch of QE3 just before election season. That would be my best scenario for what would lift the macro sentiment. If QE3 is announced, I would buy back into CEO, XES, DIG, PSCE as long as the oil macro trend is at the right baseline and there are no other issues creating a likelihood of a drop like another hole in the Euro crisis balloon.
But even that does not necessarily do well for CGS...as long as there are continuing stories of banks colluding to fabricate balance sheets for companies and a few more halts and delists here and there, the entire CGS space is like a tire with a leak in it -- everyone is playing CGS as too risky for a long term hold so every time there is a one day pump of the tire on a company-specific good news, the PPS will just bleed back down like a leaky tire over the next week afterwards because everyone is afraid to hold....Even AERL, which just opened a new room and which has independent auditors of their cage capital, when they got a 25 percent pop after announcing their next casino VIP room opening, the following week it erased all but 2 or3 percent of those gains. LPH, which has a great story forming with an acquisition - LPH may very well behave like AERL under current CGS market conditions, especially since the same underlying risk elements regarding verification of bank balances, advances to suppliers, etc. apply to LPH as to all CGS stocks. So I would play LPH, AERL, and possibly NEP for company-specific news short term if I react fast enough, but none of these nor any other CGS stock would I bet longer than a few days right now. Of course, like a few others on the CCME board who lost money, I am still monitoring that situation closely just in case their fairy tale comes true -- Loeb announces that PWC has completed a forensic audit, the cash was all verified by the bank headquarters, and PWC will be submitting a 10K in a couple weeks. CCME would be an easy double or triple from the $1.50s range.
Someone point me to a 20-bagger. I need to make up what I lost in CCME.
WCTBills: You think any shareholder or ex-shareholder will receive more than a couple pennies on the dollar for basis cost? I have been given notices of class action lawsuits for other stocks in USA companies and never received anything.
And after having 4.5 years of equivalent salary in investments suddenly go to 3 months salary at age 54, I sure could use recovery. Furthermore, my Plan B may backfire soon as my employer just lost the rebid on a 5 year contract that was 41 percent of total revenue, a contract which we had kept for 20 years.
I ended up selling 40,000 shares of CCME last week at just under $2/share. Now all I have left in my portfolio is $66,000 to pay back my homeequity loan and $23,000 cash. If I get laid off now it won't be pretty. And there is no hope in ever retiring because my 401K was decimated in divorce 10 years ago and at this point my 401K is less than $49,000.
I am not holding my breath for the class action lawsuits to recover anything. STARR Investments will get the only crumbs left because they have juridiction in a Hong Kong court.
And nothing is safe for even mid-term, let alone long-term.
Really good news will push a price up for maybe, 2 days until PPS starts decaying back again. And PPS usually finds its way back down to where it was at close to the previous low.
But I'll have to admit that a PPS of 6-even in AERL is very tempting.
Some decent sized buys in the last half hour: 16K, 16K, 38K.
How risky do you think AERL is, in your opinion? Since it has not yet been "taken down" by hit pieces, based on PPS and P/E alone, it kind of stands head-and-shoulders above many other CGS stocks. That along might make it a target.
But on the other hand, AERL's chip turnover is verified continuously. The only thing that could screw this one up is some mishandling of the cash that should be in the bank.
Lastly, when we see QE2's candle go dark in 3 or 4 weeks, is that going to drag this whole sector down another rung on the PPS ladder?
White Tiger: I also applaud your efforts. The two things I think really separate you from the other researchers are:
(1) You have the courtesy and respect to reach out with an advance warning to non-subscribing investors BEFORE the motherload research is published and the s#it hits the fan. That shows you guys are not just about trying to keep things quiet until D-day so as to make the largest profit on your advance knowledge for those in the circle. Please continue to give those non-specific advance warnings for the little guy who could lose a huge amount of money being blindsided by not knowing anything is wrong until the price tanks abruptly after publication.
(2) You have not ever presented what seemed to be fabricated evidence, and you have not ever stooped to the low tactics of general "too good to be true" and dramatic license with comparisons with other companies that are in trouble for independent reasons.
I only wish you had been the one, not Citron or Muddy Waters, who was the first to find out that there was something fishy about CCME. It could have prevented me from getting caught in a halt and seeing my entire retirement savings go from 5 years salary to 3 months salary in my mid-50s.
Done. EOM.
Be careful about those extra zeros, just sayin from experience.
Haha..good luck with my shares. I should've sold 100% at $4.62 when you suggested you were selling 50%. Bet you sold 100% too but didn't want to yell "fire" too loudly in a crowded theatre.
Three months ago "dumping a lot of shares" would have been an accurate description - 40,000 shares was worth $530,000 back then.
Today, I wouldn't call 40K "a lot of shares"; it was only worth about 74-75 grand. The trouble is that volume is slow once it hits the pinks. Plus, coincidentally, price started to tank a few minutes after Rick Pearson's second generic RTO fraud article was linked on the message board...
Yes, I dumped lots of 5K between 3 and 3:45pm.
Total dumpage 40,000 shares.
Correction to prior post. From the proceeds, now my net value of my ETrade account is all in cash and is 3 months equivalent salary as cash in ETrade, not 4 months. As of November 2010 I had a total net value of 5 years equivalent annual salary in that brokerage.
Must be some kind of record - going from 20 to 1, 95% loss, in 5 months. Yet 2010 was a banner year for me.
Now I will just stick my nose into my work here. BUT last week we lost the rebid on a 100M contract that had been paying the company's bills for some 20 years running, for example providing 40% of 2010 revenues. In about 6 months if billability drops it will be a game of musical chairs to see who has enough work to stay billable when the music stops.
Writing a book would be one way to make money back. Trouble is people only want to buy books on "how I made a million" not "how I lost a million".
I'm out of CCME completely. This stock reduced a portfolio that I could have easily retired on 2/3 my salary in 20 years from now into about 3 months salary leftover. For real.
I won't be posting on CGS or CCME. GLTA. I'm going to start a rice farm in my backyard, that way if I get laid off I have food.
I'll tell you what, Hedge-Fund Mary. I can think of a few good uses of that umbrella of yours.
I'm out for good.
I won't be on here or CGS. Good luck folks, I'm going to start a rice farm in my backyard.
That was me walking it down on the pinks in the last hour. You don't want to know what's leftover. Let's just say before I had enough to retire and live 25 years on if I continued investing. Now I have about 4 months salary.
As I replied to Rick Pearson on CGS board, my net investment capital is now worth $30K instead of $300K before the halt, which was down from $460K from last November 2010. There is not a chance in hell that at age 53 that $30k will ever get close to the prior figures, let alone grow that to 1.5M or so needed to retire...
So Plan B is that my spouse has several sisters, they all grew up in Thailand dirt poor, and will probably all live together on rice and vegetables in their garden here in PA when they retire. I'll be there, too.
Rick thanks, but my net investment capital is now worth $30K instead of $300K before the halt, which was down from $460K from last November 2010. There is not a chance in hell that at age 53 that $30k will ever get close to the prior figures, let alone grow that to 1.5M or so needed to retire...
So Plan B is that my spouse has several sisters, they all grew up in Thailand dirt poor, and will probably all live together on rice and vegetables in their garden here in PA when they retire. I'll be there, too.
To make it all back I'll have to go on an extensive speaking tour to promote my new book, "How I lost $300,000 in 3 months from my living room without ever stepping foot into a casino."
$219 IHUB subscription pushed me into $260,000 losses.
$219 IHUB subscription pushed me into $260,000 losses.
$219 IHUB subscription pushed me into $260,000 losses.
CCME Prediction: open at 55% of halt (about $6.50), then immediately further dropping another $1.50 to $2.00 within 1 to 5 minutes, then crazy volatility with sharp spikes peaking at least double of the day's minimum ($9 to $10), maybe one peak around mid-morning (10:30 to 11:00am) and another peak around 2:00 to 3:00pm. CCME could easily go much higher - maybe $14 to $16 - if the naked short covering is as record-setting as many are anticipating.
The exchange listing has no direct bearing which could alter the sharecount. Of course, other factors like a share buy-back or a split, could obviously have a direct effect.
8K, they robbed peter (12/31) to pay paul (3/31)
Just kidding. The error they corrected in the 12/31 warrants accounting subtracted 0.04 from EPS for that Q, now they issue 3/31 Q with a somewhat better than usual EPS. (But actually the two #s aren't related.)
You guys are gonna squash the short squeeze, LOL.
Normally I'd say that would be worth an after-hours buy.
However given the current investment climate, it's probably a 3% to 5% pop followed by a late-afternoon decay, LOL.
10Qs nonGAAP napkin math matches yours.
LPH 10Q 03/31/11, EPS GAAP/non-GAAP 0.24/0.17 fully diluted.
So the high oil prices did work to their advantage last quarter. Even so, the market is pretty luke warm about earnings right now given the state of the RTO space.
LPH: 10Q Ammended 12/31/10: warrants error.
10Q-ammended and 8K: 12/31/10 warrants error
Is there any short interest on AERL?
Thanks. Actually I had an ulterior purpose in posting because I wanted to find out which post number index was next up, since Dumbfurt over on YMB was claiming a post had just been deleted, so I created a new post really quickly just to see what the current index was.
The whole issue with what interest rate sports are charged is not necessarily relates to a broker's currently listed share price during the halt. Usually it is based off the short' s initial price during the halt, isn't that correct
?
Christ, get a life, Nit-brain
LTUS 10Q: EPS 0.08 vs. 0.20
nep went from a halt price of 5:50 to 8:50
CCME: ETrade account lists $11.87 still. Yaayy!!! My shares must be gold plated compared to IB, LOL.