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Another good day..thank you shorts/market makers for your boring and stale game once again. Morning high and afternoon low. The only way they can stop me from making money is keep this stock up all the time. That is the only way for me not able to buy back cheaper. Otherwise. .you will be in trouble come November 3.
You will buy back at a price a lot higher than now. Based on public infomation, the company saved at least 4 to 5 million dollars in expenses.(interest and re-og expenses). That's about 50 cents in eps.
If they do better.....sky is the limit.
Right now we are trading at 3 to 4 times earnings... don't you think it is a bit low? I think we should be trading at 8 to 10x earnings....but what do I know.
For 2016..they made 14 million. That's approx $1.50 eps. At eps of 50 cents a quarter....eps is around $2.50 for the year.
I sold everything..buying it back and more cheaper in the afternoon. This is the std pattern everyday....up in the morning and down in the afternoon.
It is a gold mine here at saex.
Good call!
I am not going to engage with a shorter who is trying to discredit me. Not locking in profits especially seeing a jump to $70 is pure stupidity.
A seasoned investor would know that when a big jump occurs, there is going to be a drop in price once things settle down.
You are not long..You are stupid!!!! Do not marry to a stock. Lock in profits....and that is my final post to you!
If you can count you will know how many warrants I got. Give you a hint..and you will recognised this number - 1.1807 and change, so that you do not accused me of rounding.
ps: The games you played is very stale.....every morning you move the stock up and then move it down to buy it back in the afternoon....I see your pattern. Its the same day in day out for this stock and I am playing your game....I sell and keep buying it back in the later part of the day at a cheaper price.
Great..now I am a liar.
I am not going to take it personally and I do not care..
Just keep taking it down and I will keep playing your game.
I will sell when you take it up and I will buy when you take it down.....
I can see another 10 shorters coming to your defence to create a illusion. You can scare some...into selling. Not me...I am playing with your money, shorters!
Is there something wrong with the price range the past couple of days? Have not been able to make my easy 5 to 10 % each day. PREVIOUSLY, I didn't even have to chase to make the 5 to 10 percent. WHAT IS GOING ON? Come on shorter, I need you to play your game...open high and stay high till after lunch..and it is all down hill in the afternoon. Or you can reverse the trend...open low and then close high.
Lol...I need you to help me increase my share holdings.....and ultimately profits.
I bought this share when it was 10 cents.....
I sold all 1852 shares at $47+. Played the up and down and today I hold over 21,000 shares averaging price of about $8.25. (I have not put in one extra cent since 1 bought 250,000 shares at 10 cents.
I just play the games the market makers play and I watch lvl 2. I have also taken my original $25K investments out and do something else a couple days ago)
This stock is a day trader dream. It is also a good stock if one can weather the storm. With price of oil recovering, it is all positive. But when there is an opportunity to lock in your profit..do it.
ps: This company troubles was when they have a merger and the drop in price of oil. It was a solid company before. They have taken time to fix and we are now seeing the light. Always do your homework. Price of stock do not necessary reflect the true value of stocks. Know it and you will make money!!! Buy and sell like everyone else..and you make peanuts!!!
Games people play....
Just make sure you dont get into their trap........
The up and down and and up and down and then you think you can buy them cheap after.....
They will still get your cheap stocks (at any price and then move it higher) when you sell.
Keep an eye on the Lvl 2 and know what you are doing and know what they are doing.
This works when there is no pending news. But news is coming (Nov 3 we will know the last q financials and will be very telling on the progress of the company and how they are doing.
Good Luck..and I hope that this stock will be in the $15 to $20 range soon.
LOL...we all miss runs, onetime or another.
I like this stock because of the small float. There is a hugh gap between the real float and public float. Many of the shares are in the hands of companies and not for sale.
We will hear jerks who will tell you that this company has 12 million shares, etc etc but really..he hasn't read a thing. He just shoot his mouth off. (and I will repeat once again..this company still have 9.3M shares outstanding and not all of them are registered and cannot be traded)
I know thinly traded stocks with low float can have hugh swings....and not for the faint heart. Play along and can make money. Dont let those manipulators screw us. They want to buy low..we buy low. They want to sell high, we sell at high.
How many 10 to 15% profit in a day can one make? LOTS Lately. The truth is this stock should never have those big swings (or drops that we experienced lately) and I still believe it should be in the $15 to $20 range.
We will have a few more runs between now and Nov 3....Up and DOWN and UP and DOWN.
I like the way it is being down now.
It goes up (I sell) and then it comes down (buy). Those who bought at a lot higher are going to sell fast because it will go down and that is how they shake shares. Or they move it down enough to get those stop loss shares and then move it back up.
Games being played and I like it. Give me and many who knows the value a chance to buy. Just imagine if we get 50-75 cents of earnings per share for this quarter. Multiple that by 4 and thats $2-3 a year. That means this stock is selling at 3-4X earnings.
How many shares sell at that ratio? If activities for oil and gas exploration goes up (price per barrel goes up................watch out!!!!) When do we hear about the taxes rebate/refund? Thats alot of money they are getting back!!!!
Just think for a sec.....the company issued shares to their bond holders valued in the " mid teens" in exchanged for the their bonds. You think they valued the shares below $10? Obviously not and those guys knows the value of the company. They are sharks and stand to make a lot of money. If they were willing to exchange it in the mid teens, it means the company is worth more. I believe in them and I know I will do well when all is said and done......
Can I say shit...!!
I am waiting to buy more cheaply.
The Casey Files: Buying and Selling Thinly-Traded Stocks
From the Desk of Doug Casey, Chairman, Casey Research, LLC
Each day here at Casey Research we speak to dozens of resource business professionals in our quest for undervalued small cap companies exploring for, or developing, gold, silver and other metals resources.
These companies, which are followed in the International Speculator, currently offer some of the greatest upside of any investment sector. But there is a downside: the stocks tend to be thinly traded, especially in the quiet summer months.
In a recent article by senior editor Louis James, he tapped into the minds of one of my favorite Canadian brokers for his thoughts on the nuances of buying and selling stock in thinly traded markets. This article is particularly relevant, as the companies we are buying today, in these quieter summer months, should offer tremendous upside as the summer holidays end and the junior resource markets come back alive.
Doug
(Ed. Note: To find out all about Doug's current favorite stocks – and about his highly respected International Speculator newsletter, now in its 26th year – click here.)
To successfully navigate the challenges of trading during periods of low volume, specific approaches and strategies are required. Scott Hunter, of Vancouver's Haywood Securities, shared a few thoughts on the subject.
Be Sure of Yourself
The first and foremost thing to realize about thinly-traded stocks is that buying them is a psychologically difficult exercise. Jumping into the market when everyone else is running for cover is tough enough, but to do so in the full knowledge that low volumes can make it difficult to exit a position requires ironclad belief in yourself and the companies you've chosen.
To make sure he believes in what he's buying, Scott keeps a logbook in which he writes out the "story" behind each company that he follows, noting the pros, cons and reasons why he chose to put money into the firm. After buying a company, he goes back to the log each week to refresh his memory on why he believed his picks to be winners. This, he says, helps to filter out nagging doubts that inevitably crop up when the market gets ugly. Investors with such systems can stay focused on their course to profits.
Picking the Bottom
One quality of thinly-traded stocks is that they are more prone to sudden and rapid drops in price, when nervous stockholders decide to liquidate positions. This makes picking a time to enter the market even more challenging than usual. A stock may fall considerably and then hold, looking ripe for buying, only to plummet even further, leaving early buyers out of the money.
Scott mentioned a few of the signals that he looks for, to tell when a floor may have been reached. In particular, he said to watch for a sudden increase in the size of bids. If numerous blocks of 10,000, 20,000 or even 100,000 shares are suddenly being tossed around, it's a good indication that savvy investors consider the current price band a good buy. Scott also noted that such buyers don't always take their entire position in one bid. Watch for buyers getting filled on a mid-sized bid and then immediately placing another at, or near, the same price, indicating that the purchaser is amassing a larger position at the current price level.
Of course, this is not a sure-fire indicator that a stock won't fall further. And it's also a strategy that works best for professional brokers who spend hours a day watching the fluctuations of the market. But for those investors with the time and means to keep a closer eye on a stock's daily trading, this is one more piece of data that can be used to make a Buy decision.
Fear-Selling
Like any market, the quiet period will feature good and bad selling. "Good" selling comes when a stock's price goes down for legitimate reasons-some fundamental problem with the company or its assets that the market recognizes. But there will also be a lot of "fear-selling"-quality companies whose share prices dive for no better reason than shareholders panicking at the overall state of the market and heading for the exits-a phenomenon exacerbated by thin markets. But that same phenomenon can increase the upside: such "excessively undervalued" firms are the ones likely to bounce back to higher prices, once the market recovers, yielding profits for those who got in during the dip. Hence our frequent refrain of "Buy on Weakness."
To spot opportunities created by such fear-selling, look for stocks that experience a drop in share price and then, several days later, undergo a larger-than-usual volume of selling. This is a sign of spooked investors bailing for no reason other than fear, and a prime time to acquire a good company for cheap.
"Stink Bids"
Increased buying or selling volumes can swing a company's stock price dramatically in thinly-traded markets. That is to say, if a holder of a large stock position panics and decides to get out at any cost, they may have to fill bids down to a very low price. Over the past month, we've seen several companies in a position where $5,000 or $10,000 worth of selling would have driven their share price down 30 to 50%.
In such a climate, you have a shot at getting filled at ridiculously low bid prices. What you do is place your "stink bids" at the low end of the bid spread (which can be viewed using the "market depth" function of stock-tracking services, or by asking your broker) and then leave it on the market for an extended period of time-you may just catch a drop in the share price during a bout of panic selling.
Another reason to bid low is that thinly-traded stocks also work in the opposite way: substantial buying can drive the price up quickly. Venture exchanges may be the birthplaces of "irrational exuberance." Therefore, savvy investors avoid buying at market prices and potentially having to pay a premium for their final blocks of shares. If you are in a rush to pick up some stock, it's often advisable to make small buys and then wait for the share price to settle back to lower levels.
Selling When No One is Buying
A way out for investors in thinly traded markets who want to sell significant blocks of shares when no one is buying is to call the company in question and ask about doing a "cross". Many companies will be more than happy to find a buyer who will pay a decent price for shares when the alternative is to have desperation selling drive the shares down, potentially triggering even further selling. This is particularly true if the company has just completed a financing and doesn't want those involved to become disgruntled when their recent share purchases suddenly fall out of the money.
This approach is more likely to be effective for those wishing to sell larger blocks of stock-50,000 or 100,000 shares. But for smaller companies, even 10,000 shares can have a significant effect on the price and thus be enough to make management pay attention. In any case, inquiring about a cross requires only a few moments, and it may well end up saving you thousands of dollars if you must sell when a stock you own is down.
Conclusion
The bottom line here is that you need to be more careful in a thinly-traded market. That usually means taking greater pains to inform yourself about the details of a stock's trading history. When you want to sell shares in large company on the NYSE, you simply call your broker and ask him or her to sell, whereas, even for the best companies on the TSX-V, there are days when there are simply no bids. And the reverse can be true as well. You should know what you're doing and understand the possible consequences of an attempt to trade-or work with a broker who does.
Thanks to Scott Hunter of Haywood Securities in Vancouver (604-697-7116) for sharing his thoughts with us for this article.
Yes..and I hope so.
With 5 to 10% drop each day..wont take long. LOL
LOL dont be greedy. It wont go to $70.
But I believe the range of $15 to $20 is realistic.
If they can keep selling and are able to buy it back cheaper......they have done their job. Just think of the selling from $70 to the low teens that they have been selling. And they bought back in the $6 to $7 dollars range. How much money have they made?
I believe they will be selling more AND..and will buy back even cheaper.
If you believe in this stock then by all means invest in it. But do not margin it.....
We are about 37 days from the next results reporting. It will run before then..... (either way, someone is losing their shirt and I have not figured out who yet! :) :) :) ) But I know I will be buying again and soon. Just waiting to see how low it will go. I know I have a number, but am curious if it will get there.
Daytrading/shorting has no regard for what the earning is or will be. If they can shake shares off people and buy back before the results and make lots of money......it will happen.
I think their earnings for this quarter is around $5m to $7M on sales of about $$55M to $60M.
Good luck and do not get burned. Because this is a low volume shares and very low float..it gets manipulated easily. Just remember..it can also go up very quickly!!!
Manipulation?
LOL..there wont be another run to 70$
But I believe that this stock will stay in the range between $15 to $20. Earnings for this quarter will be known in a little bit more than a month.
Have a great day.....and here is hoping that this will stay above 10$ at closing. :)
argh..gone up 10%.
But i guess it will be taken down by closing.
The float is low...all the fake trades the past months....
from the 9m shares..few were registered but such high volumes....
this stock is manipulated but what can I say. so who is sellign when those shares were never registered? (we recently saw 3m shares that are in the processed of being registered and this 3m is part of the 9m shares they announced outstanding. They didnt add new shares from what they announced)
Not so sure about the bottom.
But at some point it will rise and rise. I would suspect that the next income reporting will be telling. But by then, there will be lots of people who will get wiped. And will never be able to recover unless they can weather this storm. Someone is be making lots of money.
There is no reason for the drastic drop but what do I know about how the people who priced this stock. Is there manipulation? This stock should be in the $15 to $20 range. Thats all imho.
Converting debt to shares is not positive?
I see nothing but positive but to each their own.
If people want to give us free money...what am I to complain!!!!
Do you know at what point do one have to declare to nasdaq the amount of shares they own? Is it 5% and over?
Last Q, they accrued a one time $2.3M for debt restructuring. Each Q, they also have a $4M in Interest charges which they will no longer have. That is a $6M dollar saving for the up coming quarter.
Going forward, they are saving $16M a year on interest.
I see nothing but positive for this company.
The Earning per share when they next release their financials will be very telling. If it comes in anywhere above $1 for the quarter, the shares should be and will be trading in at the very least 2-3X what we are trading. How many companies trade at 1.5-2.5X their earnings?
When it comes in at $1 or more in earning per share, watch it run....
This is nothing...
Well....How many shares is trading at 1.5 to 2X earnings (based on the last financial statements and annualised it)? The company took a $2M charge and without that charge the earning would be much higher....
So bring on the stock drop........seriously. I have been filling it up and we will see where I am early November.
The price drop may shake a few and it may frighten a few. But if one knows the company and read its financial statement carefully....the reward is near.
Really doesnt matter what price it is..the lower the better because someone is going to pay for it.
Just think about this...the company took a $2M charge last quarter and on a fully diluted basis, the stock earns about $1.50 per share on the last quarter....4X that...thats $6/a year.. that means the stock is trading 1.6X earnings.
I am wondering how much they make this quarter. I see $$$$$.
Someone lost alot of money during the run up and they need to make it back. Good luck to all of you....and please bring it down further.
Company converted debt to shares. It strengthen the company instead of overloaded with debt and in trouble. I dont think you read.
Crude oil price is up.....and hopefully moe activities will boast the next financial release....Good luck on your $6. It may be a very long wait....
It also mean that if there is a hugh short senario, this could end up with another 400% jump. 2M of public shares is not alot in the float. (there will be a portion that is help by people and are not traded) With such big amount of shares traded every day....where are the shares coming from except from shorting it or people buying and selling non stop.
Can I say dumb arse? I dont know what to say about you except that you seems to spread fear. A fear monger is what you are. That 2M is what the public holds.
Ok..new info. The company have 9.3M in shares. About 7.1M are controlled by the the institutions or directors or officers. So what it mean is there are 2.1M shares in out there trading and if this was short and it has been, the shorters have been doing a great job walking this down and people are letting them. They sold a shit load in the 20 and 30s and then walk this down to the low teens and buying it back......
Great job shorters. They will accumulate enough and walk this back up....
This is a very common thing I see over and over again. Always remember...when people sell you buy. When they buy you sell.
The only good entry is what you are comfortable with.
Approx 12 Million shares traded the past 6 trading day. The known outstanding shares is about $10M shares. Enjoy the ride...the wild ride and look forward to the stock going back to the pre split level...
No one sees those small trade. They just see the price.
Good luck to all. Hope it go back up to the pre split level
Eventually the stock will dry up. If the company (or its large shareholder) is not selling then, this thing will pop back. That is one thing we need to ascertain (the shareholders and company). With low float, this stock can easily be manipulated. Just be careful and good luck.
The shorts must have sold a boat load of shares at much higher price and they just walk it right down and are making a killing and are buying now to cover their shorts.
I am hoping the company put out a PR saying that they are no longer going to be delisted from their audit committee deficiency. That should give us some boast and hopefully back in the $16 to 17
The dumping started. Wow.....a $5 drop since yesterday and that is about a 30% drop.
Is there a chance that the oil goes back to $1400/Barrel?
Does that answer your question? Realistically a $30-40 is very possible. The others will depend on how it performs and the price of oil. Every dollar of increased in oil price will help improve the share price of SAEX
To dig deeper, if you look back at the history of share price, they were pretty stable in the $1000 to $1200 range. (post split) and they went down hill after the collapsed of the oil price. The potential is there should the oil price returns to above $50+.
At this level, they are making money and many things are goign the way of the company. The loan default should be behind them. The delisting threat from nasdaq because of the deficiency of audit committee members should be behind them with Blue mountain on board.
I would not dare think that the share could run to $70. But to go to mid 20s......the likelihood is there. At the minimum...it should be at $20 (the post split price).
At $17, the stock is worth 12.5 cents pre split. It is trading at 83% of the pre split price of $15 cent. This stock can be very violatile and not for the those cannot take much risk as it can go up quickly and it also can go down quickly until we know more what blue mountain want to do with the company!
I will take a small position and see where it goes.