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Buying the overreaction on the news :)
Hopefully I saved some people from getting stuck in that drop from the .80’s. Let’s see if it continues downward. PPS has already dropped over 5% since my warning post from earlier while it was up around 8% premarket. This may turn red soon.
Looks like 50K shares on .10 incremental PPS flux. Float is about 5.5M
They are diluting now. Check the depth charts. Be careful if you are jumping in now.
There’s resistance at that level. Hopefully it’ll break through soon for those $30 calls you have.
I covered my short position yesterday afternoon. I’m not currently shorting this.
Thanks, I know :( I wish I had waited until now! Dropped more than I thought it would; I’m always cashing out early. Congrats on your profits as well!
What a nice decline, cashing out! Thanks again BAC for being a nice yo-yo
I was referring to that the PR about the offering under the current PPS is what caused this to tank not the actual company dumping shares as an offering is not a company dumping shares into the share structure it’s an offer of a large amount of shares at a discount to make capital for operations etc.
Not worried :)
I hope that was a joke...
Shorting in AH! This will be down again tomorrow :)
To all who keep thinking this drop was because of the company dumping shares from the filing doesn’t know how a damn offering works. Read, research and study business please. This drop is NOT from the offering!!! That is not how an offering works. I’m amazed by how some people could even state that’s how an offering works or “they should be almost over.” This will flux up and down as this is a day traders dream to play this and love doing it. The shares traded today is merely nothing but panic selling and day traders flipping. This has NOTHING to do with the offering other than the PR about the company’s intention in the filing. Please read and understand how this works before giving others advice on when to buy and sell when some of these posts are completely wrong and stating false information.
I’m not a shorty here, just day trade this on occasion, but am hoping you realize that this tanking has nothing to do with them dumping shares from the offering. This is purely a drop in PPS by shareholders who just got screwed. Hence the reason why this will bleed further. This up and down will go on repeatedly as it is just fluxes from day traders. Fluxes of .50 is common for a stock after yesterday’s PR. Offerings don’t get dumped in one day as that would kill this beyond words.
I’ve been playing hmny long before any of you guys and this isn’t the first time they’ve done this. Almost every time there’s great news it’s followed by horrible news. Last time I got caught in it and sold and took a decent loss but saved myself from taking a tremendous one because I got out right when I saw the headline of them even doing an offering. The point of an offering is to raise money for the move behind the good news so the stock goes way up and then say they need to raise money to make the good news happen so then it tanks. Offerings are always substantially lower than the market PPS leaving existing shareholders screwed unless you plan on holding your position LT to see the end result and hope that their structure and performance model pans out as profitable. Most members here are day traders (like myself) or ST holders so the offering normally kills the ST holders and some DT’s also get caught in it if they were holding the bag when the PR headlined. 9 out of 10 times, when you see an offering being filed, get the hell out and take whatever drop that’s happened because it only gets worse from that point forward if your holding.
I told you guys this yesterday... wish whomever was still holding just took a loss and got out before it dropped this bad. This will continue to bleed.
Normally it’s well below market value as the offering is to entice large companies to invest and in return get a discount on PPS. Every stock offering hurts the shareholders that currently hold unless you plan on holding LT and see the value in the offering with hopes that it all pays off in the end.
Tanking over 15% in AH. Hope everyone took their profits before the bell.
What a way to screw up the great day and shareholders holding, thank God I got out!
There we go, slight delay :) up close to $2.5K now
It’ll come :)
Massive short squeeze coming! Just loaded!
Up and away :)
Shy of 10,000, not too bad but close enough to my trading blocks. I didn’t think it would run up as high as it did that quick and planned on getting back in after I sold and it never went back down to my re entry point. Can’t complain though. How have you been doing man? It’s been awhile!
And...I should’ve held it longer LOL, oh well. Profit is profit
Selling here, $26.72 nice .18 jump
Boom! Up .14 a share :)
Loading additional shares. This will take off today :) nice set up here pre bell
Decided to play again in the market for all who know me. I’ve been focusing on real estate lately. As a heads up, I’ve taken a large position here today before the market closed this afternoon. Looking like this should be a strong one Monday and will take advantage of the upswing with the usual daily volume after today’s low volume slight drop. :)
15 minutes. IPO is shooting for 10:45AM ET.
Single digit is sizes of 100, double digit is sizes of 1,000, triple digit is sizes of 10,000, when there is a K by the number it indicates sizes of 100,000, when there is an M by the number it indicates sizes of 1,000,000
That goes for any stock including IPO's however prior to the IPO everything is getting adjusted so don't worry about what is showing until it actually starts trading.
Have a solid feeling this will go up a few dollars at open and then tank. Be cautious if you're buying this at IPO. I'll watch it a bit before I decide if
I'm playing it. There's already a scandal article of extortion with the company, if you haven't read it yet look it up.
Please go through my past posts and tell me if it looks like I have no idea what I'm talking about. GLTU!
Just as a side note, I don't even have a position here I just jump on this board occasionally and post to help others out from getting burned. I've seen this happen to way too many people including myself so don't always assume everyone is full of themselves, it doesn't help you but make you look ignorant.
Dilution dilution dilution once again. This is a never ending obvious cycle. For all who've never played this one. Don't think these 200K-500K share blocks are people buying. It is part of the dilution process to cycle the shares. This will keep going lower to $1-$1.50 before any sort of reverse may happen if it even does and by then there may be talked of another R/S for the millionth time. This stock will get halted at some point. Be careful holding this POS. Flip to make money but never trust it enough to hold the bag!
Told you guys to short this in AH after earnings. Down she goes further and further.
The narrower your eyes are the more you miss on what's happening with this company. If you are a LT investor for 10 years (which it seems like you are with what your saying in your posts) I'm sure these fluxes don't matter to you but if you have a ST position here, for even as long as to the EOY, these movements should matter to you. I'm sure you know as many of members do on here, I'm a day trader and occasionally hold positions for a day/a few days so these fluxes are exactly what I look for and play them both ways.
The simplified overall picture is they are burning cash rapidly and can't even afford their production of cars. They missed out on a beat because of Solarcity - that needs to raise some red flags right off the top. It dragged Tesla down as everyone knew it would but didn't factor it into the PPS. Another point as I mentioned earlier several times the raising of capital has been hovering and looming for weeks and no one paid any attention to how that would play out if they showed a loss in earnings. They need to raise capital and when that is the case the stock moves down just as this did today. The PPS is bracing for it.
This has seriously been the most inflated stock in the whole market for awhile now. The PPS should not be as high as it is for what the company is worth and how it's been performing in the Q's. It's repeatedly missed forecasts and taken losses left and right. The only thing that's been moving this up is the hype and band wagoners of the support of Musk.
I have no issues with Musk nor this company itself, however when it comes down to investing, stability and reaching milestones, are the keys; not stretching a company thin by saving another company that has been sinking for a majority of its existence and setting outrageous goals that are never met. All that does is create hype and inflate a PPS and when that happens and you have numbers that don't add up to what the PPS is trading at you get massive issues like the raising of capital and a falling PPS of 6.5% in one day and a total of 9.83% downward movement post earnings off what was "perceived" as "good". That aside, coincidentally the CFO that has been making things happen for the company and trying to turn it around is now resigning. This raises questions for everyone and should also include you.
As a note, I respect everyone and wish you the best however your trade and position is here. I, just as you, am stating my opinion and only wish the best and profit to everyone on here. I just wish you would've seen my view earlier and could've saved yourself a large red day here.
I will just point out the biggest flaw in that post with you're thinking and numbers. The difference that this stock has moved from earnings is just under 10%.
My quick number crunch for you:
Close: $273.51
HOD / AH: $282.44
LOD / Current INT: $256.28
Swing adjustment: $26.16
Exact Movement: 9.56454%
It was a no brainer to short this after earnings with the over inflated pop up. Do you remember when this took off when Wheeler became the CFO? His departure is horrific for this company. Losses are adding up in Q's and it doesn't help they have a sinking ship to keep afloat now. The fact that the issue of raising capital has been floating around lately is a dark cloud hovering as well. Don't believe everything you read about why he is departing, can't say much more than that.
Just wanting you to think outside the box a bit. It's not always smart to jump on the band wagon when everyone touts to get on board when if you really take a look with your own eyes and not what everyone else is pointing to you can see that this was a prime short position yesterday into today.
Thanks! :)
That is very true. Really kicking myself now though... PPS: $260... Wouldve made $20 a share instead of $10!