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You might also want to consider that much of the short position is not a play against the stock price but rather a short vs the box position that locks in a particular profit. The popular theory that "the shorts will burn" may in fact just be a misconception. Just something to consider.
Unfortunately, in the past and present, the Company has failed to produce reports, failed with timely filings, created expectations that went unmet, etc etc. While this will hopefully change in the future, Pred does a a reputation of disappointment. Hopefully the more sophisticated management in place changes all that.
Many believe that listing on Nasdaq is the key to the Promised Land. Sadly, that is so far from the truth. Market makers as well as traders in Nasdaq stocks are by far the most talented, cunning, devious and brutal professionals around. The success of Pred on Nasdaq will rely totally on how the Company manages and meets expectations the street has set for it. Failure to meet these deadlines, numbers and expectations are dealt with in a unforgiving manner. Pred's past history of missing and disappointing will have to change dramatically or there will be a very difficult road ahead. Pred appears to have the management capability to be successful but any series of missteps will not be pretty. So while Nasdaq listing will be a good first step, but it is only that, a first step in a long journey ahead.
After making a totally benign post(6335), I was immediately attacked by Mowens,Guru and Brooklyn based on their belief that I am anti Pred. Whether I am or not is immaterial. As moderator, I would hope you exercise a degree of professionalism and see to it that posters such as mentioned above are restricted from personal attacks as they have exhibited. While I am certain they are rabid in their beliefs, their wild enthusiasm should not spill over into personalities. Perhaps a closer monitoring by you and the other moderators would prevent many of the TOS violations from being posted. Thanks for your attention to this matter.
Is the supermarket selling their chickens cheap again? What's going on? Weren't we supposed to be at 10 by now or at least 7? Well still 3 trading days left in June so we still have a shot. Yeah right.
If you have experience in trading, one thing you always learn is that someone always knows. How?,there are many ways but there are no secrets on Wall Street. One can’t believe that everything is pure and holy. As far as mgt, of course they realize dilution will occur. Companys do secondaries and converts all the time which causes dilution. Pred needs money and in fact additional shares in the float would also cause less volatility in share price. How would you suggest Pred to get money . Debt?? Bond offering? What is your suggestion?
I have a uncomfortable feeling that a group of short sellers are aware of an offering being prepared by the company. Either a secondary or a convertible to raise money which would bring more shares and dilution and a fall in share price. My feeling results from the impunity and voracity in which the shorts are selling given all the potential events and announcements that should be forthcoming. Usually this is not done unless they are aware of aware of something coming or they are stupid which is short players are usually not. This could also account for the reason we have not had certain events and announcements that we were all expecting either delayed or not made. While I have no other hard evidence, my past experience with this type of action causes me to raise the caution sign. In addition as of late, Pred’s most vocal supporter (yahoo) has strangely turned down his Pred rant to times barely mentioning it all. All this and some other indications all tell me to proceed with coution in the short run while as a long term holding all seems to be intact. JMO
Appears that most Pred advocates are fully invested and have relatively small amount of money to significantly increas position. We are all waiting for listing, announcements or PR. Until Pred is known to major brokerage or hedge funds, the price will fluctuate with rumors, chart interpretations, yahoo broadcasts etc.
For the shorts to make money, the price needs to go to the 3.80-4.00 level. They probably have the fire power to achieve this but who knows if any announcements will come out that will stave them off.
Interesting that in today's update, Pred's most vocal supporter took the time to make a definitive point as to his right to trade (buy or sell) any of the shares that were not given to him. Was that a "tell" on his part? Just seemed a little out of place given his past preaching as that is exactly not what to do with Pred. Curious.
When (not if) Pred moves to NASDAQ, much of this nonsense will cease. Depth of market will become much greater, spreads will narrow significantly, liquidity will increase, market makers will be representing far more significant participants and the overall professionalism of more sophisticated players will become prevalent. Until that time, we can expect to see continued volitility and market manipulation as is so prevalent in the Non Nasdaq market.
Given some of the Pred share price projections and time frames for them to occur, it seems odd to me that the individual featured would suggest buying any other stock other than Pred. While diversification is generally a very good thing, given the absolute certainty that the individual professes, it appears contradictory to put any funds available in any place other than Pred. While I believe the prospects for Pred appear phenomenal, it does bother me a bit that Pred’s most vocal supporter continues to recommend other investments while saying nothing else has Pred’s potential. When I have a “sure thing”, I put all my money on the sure thing, no where else unless the sure thing isn’t really a sure thing. What am I missing?
If in fact there was a short seller of 500k shs, is anyone aware of which firm/firms showed at least 500k shs available to be shorted? It would seem that the only ones with that amount available to short would be the firm/firms where the insiders stock is being held.
Unfortunately for those of us who are long Pred which I am now one of them, Pred is being viewed by some with a somewhat skeptical opinion as a result of the recent demise of other securities that have been championed by Pred's most vocal advocate The Parrot. While no doubt Pred has the fundamentals, management and structure to stand on its own, it is only human nature so see Pred receive fallout as a result of the failings of its most vocal supporters other recommendations. As a result, until Pred produces significant news and/or the Parrot's othe stocks greatly improve in price, I see Pred just continue to tread water from a price prospective .JMO My 1 post for the day.
Many are of the belief that a listing on NASDAQ will bring untold buying into the stock creating unlimited upside. While probable but highly unlikely, Pred with its history of delays, failed deadlines, unmet promises, under delivering, over promising etc etc will quickly disillusion and disappoint and will quickly learn the wrath of sophisticated NASDAQ investors. There appears to be no change in their habitual pattern as demonstrated merely 2 days ago. I hope to be proven big time wrong in that I am now long the stock.
FYI: I am unable to respond to any comments in that I am restricted to 1 post per day. Whoa is me!
For those who referenced Cutes and his short position, you all will be happy to know that between yesterday and today, booked a $42,000 profit and now considering going long. Probably between 2.95 and 3.08. Hope everybody has an enjoyable day.
As more and more anticipated announcements are made and are met with no or worse still negative reaction (today for example), a unique market phenomina will begin to permiate the stock led by those who are most who vocal. It is referred to as the "squeeky cheeks" syndrome as they begin to question their own blind enthusiasm. Maybe the market is not so dumb afterall.
Oh well, a listing announcement doesn't rally the stock. Cross that off the list. Next.... Perhaps we need some encouragement from a papa or guru. The market is so dumb.
I am not familiar with the term "margin". What exactly is it and how does it work? Curious if my clearing brokers Goldman and Morgan Stanley offer it. Going to make some phone calls now and find out about this concept called margin. Thanks for the heads up. You really are even smarter than your posts sound.
I'm admittedly not as smart as you so you already know the answer. I am just as dumb as the market is dumb. Whoa is me!
Would you per chance know if Saadvisory was compensated by Pred for their report?
It's great to know that Pred investors are smarter than the market. Clearly, the market just doesn't get it. Just plain dumb.
Or perhaps the market doesn't believe it will ever happen. The market is dumb!
Finally a much anticipated announcement of application for NASDAQ listing and only a .03 move. Market doesn't seem impressed. The market is so dumb!
April showers bring May flowers and it looks like our rose (Pred) is ready to bloom. Just waiting for a little fertilizer (news).
Well Brokelyn, I am super bullish on Pred. I think it is a rocket ship waiting to blast off. I am shocked too to see the price dropping when clearly it should be rising especially with the 3 recent amazing appointments. There is no reason why you say a price drop is my cue.
Pred closes +.02 for the day. We are now .02 closer to our dream price. Go Pred Go!
Go Pred Go!! Hit the Blast Off button already. Been on the launching pad too long!
Pred is a rocket ship on the launching pad waiting for fuel so it can blast off. The fuel is news. We need news! Where is the news?
Great. Just needs to do that for the next 1000 days in a row and will be at $20.
I have seen the light. I have drank the kool aid. This stock is going to the moon. Best stock ever, better than Amazon. This is the ticket to untold wealth and fortune. All aboard.
Given your knowledge, would you kindly point out the SEC and Finra requirement stating that disclaimers are mandatory in all SEC filings. Thank you.
Hope you get that beach house and the yacht for the dock that comes with it. The sad part is it won't be because of Pred.
Quite possible that the time you "wasted" reading the post turns out to be the most expensive time you have ever spent. EOM
Filings are nice....hopes, dreams, intentions, beliefs, game plans etc etc. but wait a minute, for some reason they are always followed by Disclaimers. I guess that means a company is saying that all our hopes and dreams may in fact Not happen for a plethora of reasons. Company is saying, nothing is a given. Perhaps you should be yelling at the Company not someone who is reading their disclaimers. Maybe thats where you need an education in reading filings.
It is much easier to look away than face the truth. Everyone wants the Rah Rah Rah, the beach house, the Ferarri, etc. The real look is what"s behind the mask. Word from the wise to the the cheerleaders.
What a scary statement by the company!!!
"We continue to invest significant capital in expanding our internal sales force, and there can be no assurance that these efforts will result in increases in sales."
No increase in sales? I can understand if they said no increase in profits, but saying by increaqsing the sales force they may not increase sales, they are in fact saying that nobody will buy this product. How can they say this?
Cutes is realistic. See’s many caution lights flashing yet no visible red lights as yet barring one. Cutes believes in erring to the side of caution as opposed to others who perfer to throw caution to the wind and ignore anyone or anything that might be counter to their exuberant beliefs (ie: Pred is the next Apple). Nobody is right but then again nobody is wrong.
Wrong wrong wrong!!! 68.375% expire worthless!! That’s not saying Pred wont fall into the 31.625% category.
Wrong answer. Correct answer 68.375% of granted options expire worthless.