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.
I know over 6M shares traded today and we closed slightly positive - not the 20 to 40% down days we had when dilution was in full swing. MAXM and the other MM's have been pretty quiet most of the week, which coincidentally seems to correspond to a chart that has been fairly stable around 0.05, waiting for a catalyst to move up. I'm just trying to draw conclusions from observable facts - something that charts are quite useful for. GLTA!
@Rap - Finished loading my boat today at 0.059. I've got shares at an average cost of 0.071, and in the account that got nuked in the R/S, I managed to get my average cost down from $29 to $0.23 and now hold half as many shares as I had before the R/S. So, I think I'm done averaging down. I am fairly confident now that the dilution is over, based on the way the chart has looked this week. We really seemed to have formed a bottom with support around 0.05. At this point, all I can say is I'm locked and loaded. Either we see some good news and we take off, or I've wasted my time and money. TWT. GLTY!!
@Rap - It does seem like rate of dilution has certainly slowed because the chart is starting to form a bottom and it appears that a slow move upwards has begun. Perhaps the bottom was at 0.035 and we're now finding support around 0.05. Even though today wasn't green, it still closed around what appears to be the support level. GLTY
@Rap - If you're wrong, it's going to be time to start wearing a kevlar athletic cup and sleeping with one eye open -- unless you want to start practicing for that Castrato role. LOL!! GLTY
@gorgol - Funny you should mention Warren Buffet in your post. I was just thinking - I think one of his quotes is: "The stock market is a very efficient mechanism for transferring wealth from those who are impatient to those who are patient". Given the current situation we find ourselves in with LQMT, maybe that's some food for thought.... GLTA
@andrius - I waited for quite a while to "average down". My cost per-share (split-adjusted) was $29. After the split and the rapid descent from $10, I waited and bought some at .09 and some more at .06, so my average price per share is now sitting at about 0.35. I think there's a pretty decent chance we could get back above 0.35, especially if the O/S count stays below 100 Million. Normally, I'm not a big fan of "catching the falling knife", but in this case, I think with the huge selloff and accelerated dilution, there's a chance we could see some nice pops once MAXM is done. I'll be looking for one of those run-ups to exit my position. If worse comes to worse and it never happens, I'm not going to suffer too much pain. I figured this was worth a try.
@kbaz - I'm not saying the news has had mo effect. In fact the day it came out, it probably helped stanch the bleeding, as we were only down 15% that day instead of the usual 25%+ that we've been seeing. However, its effect is dwarfed by the massive dilution that is occurring. The MM's (MAXM) are in control of this, not the retail buyers. All I'm saying is that until MAXM is done, the SP is completely under his control, and no amount of news is likely to change that, IMHO.
Old news. Was out a couple of days ago.
Added another 4000 at 0.06 this morning on the pullback. Let's see if she holds here and moves up during power hour. GLTA !
@Quantum314 - See the form 8K filed on 12/5. O/S count is now over 30 million - closer to 75 million if you include the warrants.
@triplecrown333 - We're pretty far down in the basement right now. Unless we see a lot of green days in a row, and some very positive press, I wouldn't be too optimistic just yet. Highest market cap I can recall was about $180M with 499M shares O/S when PPS briefly got to 0.36 after the failed R/S vote in June. Given that there are now about 75M shares O/S (including warrants), a PPS of $2.40 would produce the same market cap. However, as far as we can tell, dilution is not done yet, and what is a realistic market cap for this company, based on their products and pipeline? If we assume a realistic market cap is $100M (just for the sake of discussion), then at current O/S count, $1.00 is not out of the question, but I don't see it happening without (1) Dilution finished with no more than 100M O/S, (2) A catalyst, such as a positive interim safety analysis, IMHO.
@Rap - LOL! Hey all is not lost. Even if your wife does turn you into a castrato, you can still play the royalty angle in Europe. I think Eunuchs are still around in royal courts, aren't they?
@akika - Rap's not going to stay away. This is kind of like watching a train wreck in slow motion. There's a certain morbid curiosity about the whole thing. I think I understand, though. If I'm going to be down 99+, I'm going to make damn sure I get my money's worth
@tickerpicker - We already know from the 8K that was filed yesterday that O/S share count is currently over 32 million. And it's not decreasing. So, I'm not sure how we will have a final O/S count that is "less than expected" - unless we were expecting several hundred million.
@MakingMine - I seem to recall a press release earlier this year about LM105 having parts 3, 10, 6 and 11 of the ISO 10993 (Biological Evaluation of Medical Devices) suite of tests, but I'm not aware of any FDA approvals. Here's the link to the PR
http://ir.liquidmetal.com/phoenix.zhtml?c=130649&p=irol-newsArticle&ID=2257045
@Rap - True, but looking at the chart, it's interesting to note that even though daily volume has been increasing, the rate of descent of the SP has started to slow. I suspect the PR that came out this AM may have helped keep it to 9% red today vs the 15% to 20% we've been seeing. I'm somewhat encouraged though, because even without the PR, I've noticed over the last couple of days that the daily closing price decline has been slowing - and with increasing volume as well.
@mike - So it's different this time than it was in September when you also told us they were going bankrupt? You've been telling us all along and it hasn't happened yet. BTW, why would they bring on a new board member if they planned on filing BK. What's the point of that?
@Rapture2020 - I've been thinking the same thing. As awful as the ride down has been, a couple of things occur to me:
1. Before the R/S there were 500 Million shares O/S. At one point, SP got to 0.36 (although very briefly), which would be a market cap of 180 Mil. Post-R/S, if we get to 30 Mil O/S (Currently at ~10 Mil), that same market cap would be almost $6 / share. All things considered, that's probably high, but even $3 to $4 / share is not inconceivable at this point, given the same fundamentals remain that you pointed out.
2. The rate of descent into the abyss seems to have slowed as of yesterday, even working it's way back up a bit towards the close. I think we're getting close to the bottom, IMO.
@Eagle1947 - That's when you tell the foursome: "Gents, if it's OK with you, I'm gonna putt this one-handed"
@kaufmaga - According to the delcath website, as of 11/30/17 there are currently 9,390,000 shares outstanding, with a float of 1,430,000 shares
@Legster1969 - Did you sell with a stop-loss? If so, the problem is that once it hits the stop, it converts to a market order and will fill at the next available price below the stop. If it's falling rapidly, your order might fill quite a bit below the stop price.
I suggest selling with a limit order - especially with a volatile stock like this.
BTSC currently at 0.36 on L2.
If this truly does track what bitcoin is doing, I would expect we see an opening gap down. BITC/USD is currently at 9254. Could present a buying opportunity assuming BITC resumes its upward trend later in the day. I am currently on the sidelines. I bought a small position on Mon at 0.285 and sold Tues at 0.45. Will possibly reenter if the setup looks good. But one thing's for sure - this will be volatile. Be careful and GLTA!!
@gorgol - Wise advice!! GLTA
@kaufmaga - Go back and look at Mike's posts. He's like a broken record with the BK mantra. Back in August, he was saying BK in September. Then it was end of September. Now it's end of the year. It's just like Bill Murray waking up to "I got You Babe" every morning in Ground Hog Day.
@Rapture2020 - The only ignition I've seen so far is the flames lapping at the small pile of money I put into this pig back in June. LOL!!! I'm down 99% so far, but not 100% yet. I have not tried to average down, but will wait to the bitter end. If it looks to have bottomed out, I may toss a little in the hopper and see if I can squeeze at least something out of a trade gone horribly wrong. Learned a good lesson though. I should have sold this pig when I had the chance. No one to blame but myself.
He was previously reporting, with certainty, that DCTH was going to be BK by the end of September. Now, he's embellished the story further by telling us that Jenny is jumping ship after the holidays. That may or may not be true, but the "BK by Sept. is obviously BS". The one thing he has gotten right is how badly beaten down the SP was going to be post-R/S. Probably because he's playing a pretty active role in beating it down....
@Rapture2020 - You may very well be right, and I hope you are. At this point, I'm so far down the rabbit hole that I've got nothing to lose by holding. Now, if they do another R/S, then I'm toast. But otherwise, I'll just hold and see what happens. I'm just not going to put any more money into it. GL
@Rapture2020 - Like your enthusiasm, but after seeing this drop from a post-R/S 10.00+ to 0.41 in less than 2 weeks, it's pretty difficult to remain positive. I'm so far in the hole on this POS that a 1000% pop from here is not even going to get me to breakeven. And, no, I'm not going to try to "catch the falling knife", thinking that I can average down. I just don't have enough confidence in the management to throw more money at it. When I initially bought in, I didn't put in more than I could afford to lose, so right now, it's in the "lose" column, but I may as well hang on to the bitter end. LOL! GLTA
If it keeps going like this, you may get your chance!!
Unfortunately, it looks like the share price doesn't seem to reflect this latest piece of "good news". The only good news lately in this stock seems to be if you're short on it. I must admit, I've never seen anything drop quite this hard and fast before.
@iateclube - Yes, it is of course true that LQMT is but one of many businesses that Li has his hands in. But I certainly don't think he would invest the amount of money he did, and the time he is committing to it, without expecting a significant ROI. The guy is a visionary - I think he has much bigger plans that LQMT will be an integral part of, IMHO.
Just saw some L2 activity - 2500 @ 0.27...
All - I checked L2 feed from Fidelity at today's close. You can see the closing price at 15:59:38 was 0.262. Two AH trades came at 16:55:04 and 16:55:06 for 500 shares at 0.22. I wouldn't pay too much attention to that
Time Last Price Last Size Last Exchange Bid Price Bid Size Bid Exchange Ask Price Ask Exchange Ask Size Trade Condition
16:55:06 ET 0.2201 500 -- -- -- -- -- X
16:55:04 ET 0.22 500 OP 0.26 2500 OTQB 0.264 OTQB 22500 --
15:59:38 ET 0.262 5000 OP 0.262 63830 OTQB 0.263 OTQB 20000 --
15:59:24 ET 0.263 4000 OP 0.262 63830 OTQB 0.263 OTQB 20000 --
@H2004 - Nope. Fidelity didn't cash me out. 58 shares and holding!!!
I would have been cashed out if I had just a fractional share left, but otherwise, they leave it alone.
@H2004. Yeah I noticed that when I logged into Fidelity, I went from 57 to 58 shares. An extra $1.12 in my account.... So, I've got that going for me. LOL!! Thanks, Jenny. I hope all of these fractional share conversions didn't cut into your performance bonus too much.
@ko49 - Yeah that's a good point. I recall poincianamike saying they were going to cover when it fell below $1.50. Seems like we might have seen a bit of a short-covering rally, especially with so much of the float being traded, but that certainly hasn't happened So, I'm thinking nobody's covering yet... Could get interesting if this turns out to be an epic short squeeze.
After another couple of days like we've had all week, they STILL won't be able to get back onto NASDAQ -- even AFTER the 1:350 split they just did!!!
@eageleye - Man I sure hope you got the bottom right, cause right now this POS is lower than whale $hit at the bottom of the Marianas trench! As for a recovery in 3 days, that will be a miracle if it occurs. It's got an awful long way to go to get back to where it was before the split. TWT...
@gorgol - Welcome back. We missed you. Hope you recover as fast as the SP seems to be doing!