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I have no idea what will happen but would not be surprised by an opening sell off followed by a rush to buy in. Or a gap down and inexorable decline to subpenny. Or a gap up and rally to $$.
Right that's what I thought.
Agree with your conclusions. Good summary. I didn't necessarily think the commercial business would continue except they kept saying they had 100's of projects awaiting financing, etc.
I hope (not a good strategy) they took a red ink bath for 2010 to show a profit and strong revenue growth for 2011.
Otherwise we'd all be better off if they would just do a pink sheet upward spike 100 bagger pump and dump and we could all quit complaining- you know, they leak out they patented the next wave of PV cells that will supply all the electricity for Finland and they will fit inside a wristwatch.
Yes- revenues were higher and so was the loss, or, the larger loss was a result of discontinued operations and there was a smaller loss from ongoing operations.
What if--
they decided to place all restructuring charges in the 4th quarter and defer revenue until the 1st quarter to juice up their financial reports in anticipation of further growth and attention from investors? Restructuring charges, meaning whatever it cost to obtain the sales accounts of the people who had residential connections, etc.
I'm not pumping, just a little naive. What if they released the bad news after the market closed Friday to prevent a sell off and there will be better news before the open Monday? Probably wishful thinking.
I posted this a few months ago but the prior moderator deleted it- there is a stock, Sinclair Broadcasting SBGI that about 2 years ago traded from $1 up to $2 and fell back to $1 in a heavy sell off when the ceo announced at the annual meeting they were on the verge of bankruptcy. It traded around $1 for a 2-3 weeks then started an uptrend that is still going- it is now at $13. The smart people waited for the sell off to get back in.
Why would they buy more if they were aware of the 4th quarter revenue black hole?
I'd be willing to join a class action but I have never seen the plaintiffs make any real money, the lawyers get it all- the plaintiffs will get discount coupons for suntan lotion.
The stock fell to .018 because of the fiasco. This is old news to insiders. They may be anticipating a sell off Monday even a gap down open but the late buying Friday I doubt was from an ihubber.
I've seen this before go either way- but it does not look good for longs-
In some of the recent PR's I recall the use of the words restructuring their business model or something to that effect- so a smart investor would have read between the lines that the commercial deal with GS Investors had fallen through which is why they had to go to the smaller projects and residential installations (assuming it is not a total scam).
As always the chart does not lie. It is infuriating they did not tell investors the guidance had changed.
It is possible the recent big buyers know something good is coming but Monday could be ugly. All IMO.
This is very disturbing. But who was buying the 2.3 million shares a few days ago and who bought all the shares at the ask late today?
buncha wankers
Things could turn around in a heartbeat.
It's a 1/2 retracement of the rally from .018 to .053 back to .037. No big thing unless it doesn't stop. Soon.
I think it is old it talks about the solar park in the Mojave desert.
The last time merq was active was October in the rally before Chevra and Kehal restricted deal was announced- I believe that rally followed a news story in Houston about the project in the Mojave desert- now merq and fancf (new one) are around- could chevra kehal be hedging their still restricted shares by shorting?
My thinking would be it was a block trade and mm's have been trying to get the price down to 4 cents for a week to execute it- I have seen times where right after the trade the price jumps back up but maybe this will wait until good news comes out or whoever is supporting the bid to push it up- but you are right, for every buyer is a seller.
Last July Barry Honig dumped 3 million shares and the price fell from 6 cents to 3 cents, today it fell from 4 1/3 cents to 4 cents on a 3 million share day- which is a good sign for longs but when does the real rally start? Who is smarter, the seller or the buyer?
What I am expecting---
4th quarter revenue will be higher than expected- 15-18 million. Gross margins 10% but company with a small loss for the year.
# shares up somewhat- 200 million or so.
Statement about they expect to be able to continue as a going concern (outlook improved).
Despite +/- news, the stock rallies- bullish action starting from the supportive investors who bought shares in the last 8k which triggers people from the sidelines to jump in.
I hope this is more accurate than my basketball bracket.
RSOL up today maybe an analyst rec.
When you are trying to buy breakouts it is easy to get shaken out or impatient- not sure if this selling is from old money or new money.
We deal in human fulfillment.
The game is to try to make it appear the chart is at the high end of a trading range and should be sold, right before the big money comes in with high volume buys and sends it to the stratosphere.
Cheap and high quality.
A sports forum I read keeps getting spam botted by a Chinese site selling cheap and high quality everything- jerseys, golf clubs, etc. So I thought I'd say that CSKH is cheap and high quality stock.
Nice recovery.
Good- went from 12 cents to 72 cents in a 7 week period now is in the $1.50 range 2 years later.
This chart reminds me of another chart a few years ago.
If you guys posted more and did not lurk you wouldn't have so many typos.
So long sellers at .0422 see ya at .422.
If they are getting business in California, rather than compete with RSOL the two should merge (1 share of RSOL for 10 shares of CSKH) and pressure everyone else.
Stockcharts shows HDSN as best offer .163.
Selling today is from general market decline. Chart is setting up for a bigger uptrend hold onto those shamrocks and rabbits' feet.