Status: Alive a/o September 2020
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Looks like we have an Adam & Eve Double Bottom.
Li's shares are still counted when calculating valuation. They are still part of "shares outstanding".
We are in the middle of a pandemic which is overwhelming the world's healthcare system and huge amounts of our population are being ordered to self quarantine. In the midst of all this, no one can even begin to project any types of realistic projections.
I just bought 50# of flour so I can have bread.
I don't foresee any type of normalcy in the world until after August. Even then, social trends will change and that will reverberate throughout the economy. Who know what people will want and not want to purchase when this all shakes out. I have my suspicions but why share pure conjecture? One might hope though that young people may come to value something more than $1000 phones.
There has never been a time in modern history when "some stocks are at 10 year lows" hasn't been true.
The last time the stock price was at this level was the first week of March 2016. Since then, revenues have been in an accelerating uptrend. I don't think, in light of recent rapid market deterioration, it is unreasonable to assume that much of the selling is due to margin calls.
I have no doubt that many speculators are looking at their portfolios today to find that they have been wiped out. We are suffering a 4 year setback in the stock price while the company's earnings are much higher.
Chart with logarithmic scale.
Thanks for those two posts. There are those here who spread doubt and confusion and then there are those who provide clarity. You provide clarity while others Wdo Wnot.
Ha ha ha ha ha!
I agree.
They wound down ops and that cash wasn't needed anymore. No need to have it in highly liquid assets. It could be invested in anything. I don't care but am glad it is bring all of us more revenue.
It's a VERY simple Google spreadsheet.
I am happy to share it but it only has revenues data on it. Here it is.
Revenue Chart
Production revenue - they ramped up production to have product for customers during transition. Next quarter will be low revenue, very low IMO.
"The increase was attributable to the completion of higher volume orders to provide current customers with buffer inventories while manufacturing capabilities are transitioned to outsourced manufacturing. As a result, product revenues during 2019 will likely not be indicative of short-term, prospective volumes."
I predict $190 in revenue for the quarter
markets recovering a bit. DJIA futures up 540 at the moment.
With any luck we may have a double bottom. So far, that type of luck has been elusive.
Pure speculation and conjecture.
Then the margin calls start coming in and we get another wave. I'm at 50% cash and looking for a time to buy
I saw that trade in the premarket this morning. I thought it was curious. The bidder actually came in lower at first and raised it. One of the MMs must have arbitraged it to the Berlin market.
08:42 EST 19300 at $0.0961
09:26 EST 19300 at $0.098
493 million
TDAmeritrade is fine for me.
Josh, PayMe & others,
Thank you very much for your research and posts here that keep us so informed.
TDAmeritrade reports indicates ER to be 3/3 and they are usually correct but have been off the last two times. You are correct to assume it will be next week.
Quick and dirty pennant drawing.
https://i.imgur.com/aD43676.png
Where are y'all?
Supposed to get down to 61F here (Miami) tonight. I was in the pool yesterday though the water was a bit cool (78F).
You are on point or, at least that is how I also see it.
Just open a TDAmeritrade count and get Level II for free. They don't have a minimum balance so you can just throw in $50.
Oh, Ronin.
You're pretty transparent.
Target if we break $0.11
is $0.1206.
Sorry, I meant to include that.
Float is 494,530,000. Volume was 6,964,133.
So, today's volume would be 1.4% of the float.
Some guys have all the luck and some don't.
Those are robots. I own stock in VIRT and they run quants on LQMT. I see their quotes here.
They are MMs, also they are frequency traders. I'm surprised they are here but I think their robots are everywhere now.
They make money by convincing you to change price by a faction.
Bollinger Band Width is shrinking on the daily chart. (red lines are converging)
We closed just below the 20 dma but I think I would just call that a tie.
With the narrowing band width, we can expect a move of some sort.
Moving averages are mixed.
So, no call - no target unless a setup emerges.
Seems so quiet in this forum now. :)
Follow up
If we do get the $0.103 close, target will be $0.11