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.
Reentering at $0.465 for another trade up
I really thought they will try $1.70 again and was waiting to rebuy for another trade. It looks remote now. Meanwhile trading Novavax
Selling at 10 percent premium is definitely bright and may be the reason he did the preferred. One thing is certain, DRYS is not going out any time soon. For those betting on that possibility, it's bad news
I have 11700 shares of DRYS that I bot T $0.42 and $0.43. But that is just a trade. It's heavily shorted and that is the major attraction for me. It can never be a long term play when it has not paid bills since February and it is not making money. Having said that, the stock is tradable and that's pretty much it for me.
No he bought it at a premium. The problem is that with him and his subsidiaries doing back to back deals with the company and its assets while nothing has been done to the majority of debt self- dealing suspicions creep in. And GE is a master of self-dealing from past history. Don't forget the premium is on "current market value." So Curious George wins again!
I really like this George. He is showing creditors how to be calm. His plan is clear...either you accept useless preferred for your money or he will sell off the entire fleet and creditors get zero. Smart Greek
It is not 600k outstanding. The shares to be converted are being traded too. Look at volume past four days....and it's mostly selling pressure except for today. Those that listened dumped at $2...(I did $2.07) may be able to buy it back at $1.70 tomorrow. The sellers will intentionally push it there just to spite any new buyers today. That's how this works. And some of the buys were made by shorts and they will use the shares as shorting ammo. Nice to look in here and see my thesis here is very profound
With a caveat though about the selling. Shorts were ambushed it may appear and so there's possibility of more momentum here in the next few trading days. October shares have not converted and I just read that the conversion price on those are higher. So, you appear to know whT you're saying regarding float. But I am buying something else for now
If you bot @ $1.67, I'll be a seller here. Just trade it
Don't let the buying deceive you. The buyers are also the shorts. I have sold my 2400. RGSE is a sham
Good luck with that. I don't like the company although you can make money off it if you are well timed. Inserting a clause to sell the shares in the stock offerings is cruel. It emboldens these sales
Of course. Not sure you could have done anything else considering where you bot. I lost nothing in giving up the 5000 shares. Better stuff to buy out there without drama.
It's a gamble. No reason to buy a stock that came down from $7 to 1.70 in a month and basically for no reason. The entire $2.8 million share sale should not have been more than 1.4 million shares....which is a fractional dilution to the existing shares and convertible warrants. But because the mgmt work with these crooks, they concertedly crash pps to kill small shareholders. They did it to me before some 1.5 years ago. RGSE is not an investible business. I will not buy more than what I have now
Sorry, but I'm back. Although no one is posting with me but I see the reaction with each post so I know I have reactive audience. They are just too shocked to post. But, RGSE would have been one hell of a short just three weeks ago at $7. I wonder which idiots were buying it there??? Amazing for a company that is basically a sham.
More. Remember the $8.25 restricted cash they're are getting....the fools that bot those offering will also convert the warrants to shares and they may be among the shorter now. I'd say away from the stock for now. The only reason I'm keeping the 2400 is because it's in a retirement account so I don't need the cash. RGSE is not a stock any real investor should consider. Last post here.
My friend just e-mailed the RGSE must touch $1.40. He said the sellers/shorter are also the same folks that buy the offerings and warrants. That they work together and that is why you only see selling into any attempts for a large bid. Further, they also work with the company as the company really does not make any money buy depends on these crooks to get money. So they mutually need the third buyers to sell to. So, I sold 5000 shares. Holding only 2400. Will rebuy at $1.42 level. Sorry, I didn't think that far but I believe my friend is on the point.
Seems like these fools have stopped selling. I added a little more so now holding 7400 shares. Applause!
Bot another 12000 at $0.29. The folks selling this are either stupid or Idiots or both. But I have their shares now....lol
Hard to tell everything that happens at night but if you have cash load up for at least $1 appreciation from here. Guaranteed
They don't have the capacity because they were surprised by the strong buying interest today and that has undermined their target for their VWA price for the conversion. When real shareholders win everybody wins. If it goes to $1.59, I'll do a round number by adding 2700 more
Look at it this way, the entire shares these crooks got even at current pps is about 1.3 million. They're wiped clean and rotten and we shall be headed up. Hope I can add a little lower but they are done with their selling. They want to see all those shares...not holding any. Ok by me. Bye guys
I now have 6700 shares. My job is done here
Here we come with these crooked sellers. The only number they company said they cannot do is below $1.10. So, there's still some $0.70 on the table for them here. And for purposes of getting a five day VWA the can actually push it below$1.10. The good news is that the fools don't have the shares. So, let's start buying at $1.70 through $1.59. never go lower for now
Sorry. I bot there too at $2.53. Then I went and discovered the killer clause that permits the crooked buyers to push the stock as low as possible and be rewarded even lower. I then dumped. How did I now? Just because I was victimized when a little over a year ago RGSE did an offering with the same clause. I am sure these buyers were the ones that bot that last one. It is so good to be them. Because you just short the hell out of the stock and yet get 12.5 percent reward. Terrible but the company will accept anything for the cash and these buyers take fool shylock advantage of current shareholders. They seem to be long too and so don't care if the stock runs up.VWA.... that's our killer. I have 2700 now and hope to add more whether it tests my thesis or starts running up.
Holding now for $1.80 same 11000.
I just bot another 1700 at $1.90. Holding 2700 but waiting for a grand slam at $1.70. These fools can help make it quick down there
Thanks stingray. Yes I do know what I'm talking about on RGSE. I just bot 1000 at $1.92 to hold but my target remains to buy lower. The sellers have every incentive to sell more. They appear to hold most of the shares too. Think of it...if they can get the VWA to $2, they convert their shares at $1.76. So, it's a win-win for them. I am trading other stocks but keeping an eye here to see how low they take it. Then I'll buy back the 6000 I sold at $2.57. I'll still looking at $1.70s but wanted to have just a little from the $1.92 seller. Bot only 1000. Good luck to you.
Well, I put in 5000 bid at $0.42 over 33 minutes ago. It filled less than 200 shares and it's still sitting there
11000 at $1.39. Let's see whether we can get to $1.80. That will be cool cash
$1.92 not $1.82. I wish he sold at $1.82 though
I bit some from that $1.82 seller. Still holding out cash in case it tests my thesis.
Who says BUY AND HOLD is dead??? Look at me now. Just three weeks ago I was loading at $6.60..over 5000 shares. Today, I just made enough profit for a full-blooded average sedan. I was looking at a minimum of $12 but now I will stay here for a while. Wall Street has noticed it. Maybe one or two more upgrades. Seems to me $20 is possible in 2017 but I don't have that much cash to wait. Let's get to $14 now.
Upgrade...lol. After I have hit a over 80 percent. I'll take it and stay for the greens. Thanks Stifle
....next time don't be late to the game.
Well, going by what they said, it will a good trade for October. Industry is still good...I just turned on my rooftop 7 KW a fortnight ago. Not from them though but SolaCity. I'm looking at $3 next with or without news just based on them getting. $2.2 million of the offering plus about $8.5 million in restricted find release.
That seems really crazy but it is. Whatever he says happens on DRYS. But, I'm back in today at $0.418..with several thousand shares
Just read the 8k filed on 9/13 if you don't want to read the prospectus. Under terms of the offering you'd see information relating to the one-time adjustment for the warrants. About a year and half ago, RGSE made a similar stock sale. The good news on that deal was that the adjustment date was certain. In this present offering, the adjustment date is not certain except if the company forces conversion on Sept 29th. So, these sellers are actually enabled by the company to so do .....more like....go ye out there and drive the pps down. If you succeed, you'd be rewarded by another 13.6 percent of the weighted five day average by converting the warrants at 87 percent. That is very unkind to existing are holders but Real Goods don't have the latitude to save any existing shareholders. So, for someone who has followed them over three years, I know when and where to try making money.
By my calculation, the shorting buyers ( buyers of that stock offering) still have about 450k shares to short assuming they want to dumped all the shares they bot from the deal. Bear in mind that they started shorting with insider information before the deal was even made known. That's what they did in the last issue with Real Goods. So, they have ammo to try $1.60 or lower. And again, RGSE contracted for them to receive 87 percent of the closing on the weighted shares. So, with no real shareholders to hold them off, my thesis Of $1.55 is rock solid. Final post on RGSE except after I buy lower
Pogyman....not sure you'd post such stuff again about being here. I believe it's still a sale here but be ready load at the , $1.60 level. It I'll return to three faster. Forget it being here, it I'll come to uou
Those that read my post today and refrained from.buy $2.30 should be grateful. Wait for $1.60 to $1.70 for maximum deal. I will wait till then. Company will have access to over $8 million which will shoot up the stock value but that is a good two weeks away. And the gamers that bot those offering have every incentive to try another 30 cents push down tomorrow and next to get their five day weighted average closing. So we are looking at $1.55 to $1.75 bargain buying.
Note further that the only restriction the company imposed on conversion price is that it must not be below $1.10. So, if these guys could, they push this down towards$1.45. That is why you see a lot of bid buying but little ask. These guys fill them as they struggle to bring the five day weighted price as low as possible.