Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Line in the sand for me is UVXY $70
We can all try to predict 2019 with our best reasoning. As much as I firmly believe this year was massive accumulation, I will let the market decide. Not bias or media fears.
I can turn bear if I see reason. As for now this is a triple top on UVXY at $70 at the end of long term consolidation.
Market bullish below $70 - Market bearish only with a breach and solid hold above.
Zoomed-in, short term rationale fully understood and agreed. Short term indicators have turned bearish (bullish FAZ).
Zoomed-out slightly it still needs to overtake February supply above 13 and hold. Its butting its head up there Friday so im overly skeptical of a failure in this area, moreso when we looking at possible triple bottom wipsaw bottoming action at the end of long term accumulation around the holiday.
BAC also looking like it was trying to start sticking in its bottom. A few equities may be giving some hints.
Great advice for sidelines as the reversal will declare itself if and when it happens in the near future.
2018 was a year of consolidation. 2019 should become more predictable once direction has been fully confirmed. I have my bullish bias still but can be swayed if we lose key support.
IMO FAZ is butting its head on major supply today. Has to jump and hold above 13 for me to believe it. If so ill join.. I expect it fails here
Anyhow GL none the less & GL with all your trades in 2019.
Rates are on hold now until the market responds positively and gives the go signal again. Which is exactly what will occur.
Short term accumulation and long term accumulation. The past year of flat market was not distribution IMO. Absolute accumulation.
Surely they could drop it severely for more accumulation but unlikely before Xmas. Very unlikely and if you look at many equities they are already been dropped and now bottoming. Chances are we are about to see another longer term bottom put in shortly.
The December 3rd candle certainly raised the caution flag but i simply dont see much many other solid reasons not to be optimistically bottom watching at this moment. Divergences are still positive. TVIX butting its head into solid supply at 55 to 65. A close above 60 and i might grow weary. Otherwise watching for a turn around by mid week.
Seamus has ruthlessly trolled shareholders on twitter and youtube during this hyper dilution period
Prior to the last RS when shareholders were concerned about another RS he had the gull to respond and say its public record the company cant do a RS. A few weeks later a RS was announced and soon after another.
Why even respond? Even if it was somewhat true at that exact moment he was giving a false sense of hope? That's beyond disrespectful as it was clear shareholders who were already bit were asking out of fear for future share loss. And worse he knew that and knew what he was about to do it to them again
Then a thank you video on YouTube after to rub salt. OK Seamus... Great work you found a way to legally steal millions from people, that's clearly great for your company, but responding directly to shareholder giving off a false sense hope and thanking them after completely destroying their accounts is beyond low.
I really hope the storyline has a better ending around the corner for all who got involved in this POS.
Maybe Everitt Jolly
Its always a buy in that guys podcasts lol
Odds are always with 0.0001 in this POS
Still interesting action around 0005 area... Well see
005 Bottom watch still on
Triple bottom shake and bake. Better chance we see a 5000 point rise on the way on the Dow.
Merry Xmas
Broke 30 min wedge EOD Tuesday. Morning breakout still on watch.
Nice little hammer on the daily.
All the volume came in at one price point at 005. That wasn't selling.
Check the 30 min chart the volume dried up and began to rise. Watch for continuation tommorow for confirmation
I saw more reason to average down yesterday afternoon then any previous day.
We can only hope given the past... but I personally like the setup forming here compared to any other time
Up until now investors in his company have nothing to be thankfully for.
All sounds good.
He's afraid of being sued because a RS is about to be shoved down he throats of investors he mislead. So sad, but thankfully nothing can be completely erased from the internet.
If he erases investors shares like he erases his tweets, he should face some consequence for his irresponsible actions on twitter
As a backstop to the offering an investor is going to be purchasing around a million worth of shares every 15 days at $1.75 and y'all are scared to buy now? Unless these terms changed I'm going to keep dipping my toe at these levels
[url]
https://globenewswire.com/news-release/2018/07/16/1537558/0/en/Delcath-Systems-Announces-Rights-Offering-and-Backstop-Commitment-Ownership-Date-of-August-1-2018.html[/url][tag]insert-text-here[/tag]
Whats the hold-up in the first RS out of the way? The initial pain is now inevitable.
I'm interested to see how they play it with the spin-offs. My belief was the spin off would be announced shortly after the RS. Now that's there may be 2 splits I feel hopeless for the pain they can bring to my shares even if they put in a bottom
He grossly mislead, but didn't lie.
They couldn't do RS at time because it was shot down by shareholders and they somehow squeaked out an AS increase
So while he was responding to shareholders fears they had about being RS'd out of all their shares in the future he not only had there nerve to provide false RS comfort during the time he knew they were getting diluted to hell, but 2 months later he was getting ready to RS all their shares away
That's extremely disturbing behaviour for a CEO
These enormous Reverse splits come after Seamus took his own time to go on twitter a couple months ago to specifically calm investors who were fearing being wiped out by another RS to come. To propose splits to wipeout investors soon after is disturbing and ruthless from a CEO.
Likely the assumed cost of acquiring another aquisition on the backs of shareholders who hoped they bought into a company that turned around only to be wiped out
Exactly. This is a complete wipeout. Unreal
This latest RS is in addition to the one already approved.
Bloody murder. That's about as bad is it gets for shareholders.
Sideways until the reverse split it seems. Ughh
What a company. Shameful
I see Seamus only tweets when there are share available to dilute. So sad
No major dumping until AS increase. Will they release 10Q first or update on RS/AS first? Until then it 0007 to 0008 ping pong.
We must be bottoming. Posters are jumping ship at a record pace today
I would almost expect these dirt bag to Reverse spilt simply to cause an event to accumulate shares super cheap and then drop the positive 10Q.
Something to watch for next week.
Didn't the 8K basically say no vote or meeting is required? Seamus has gamed the system to become majority in common stock and approved both proposals
An early 10Q would be very useful right now
My .0007 bid refuses to get filled for almost 2hours
How come no no one asked about A/S increase? Isn't that the real issue were facing right now allowing toxic dilution?
Reverse split is not the real problem. Its just often used as an ingredient to raise share price in combination with AS increase to help obliterate investors
Re: Layoffs. This may be really good news.As the savings should be fully reflected in the next 10Q along with the June sales for the new hospital.
As much as I severely hate the current price action, the next report could certainly show even greater improvement.
Seamus going HAM on Twitter lately. Interesting?
This one is classic. Even PB was giving Seamus the gears on Twitter for diluting his shareholders and then taking no responsibility
Seamus Lagan @seamuslaganRH
It's disappointing to watch our share price at this level but we have no control of the public market and will remain focused on our efforts to create value. We appreciate all our shareholders and hope to deliver for them.
10:40 AM - 20 Jun 2018
The Spin-off was likely needed to separate the profitable ships from the others. One company would have done very well and the other would have struggled. Seeing as tho they now have had some success selling some of the older carriers the spin-off has far less value and DRYS is now looking stronger in cash and quality of fleet
I'm not sure how this can a negative in any way.
Hey Petey. I'm with you here. It looks like it wants to fill the gap on 10Q thru hospital announcement and I see the possibility it could pull back again until spin-off in "1-4 months" (was 3-6 months as per release 2 months back)
They have to give 30-60 days notice to shareholder before spin off and you have to expect delays so I'm not really expecting the bigger leg(s) to start until that time (maybe soon, maybe end of summer). But agree this is most likely the cheapest shares will be until then. I believe the spin-off is the larger excuse that will fuel the run. Who knows for sure when, I'm ready and GL to all.
Are the earnings 15 days after extension grant and new deadline or 15 days after previous deadline?
Quite a few stocks asked for the 15 day extension to file the 10K. Odd as they seem to be bottoming off oversold conditions as well.
Tin foil hat on: I think were going to see some beat up names flying to the moon in the coming weeks
Tin foil hat off: These company all suck and are just slow. Back to dilution shortly
I could see and expect a violent swing after R/S. Likely an initial rip and then sell off back near current price into that 2-3 week period. But who knows.