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Search for Ironman:
http://www.secinfo.com/d12TC3.z18Pa.htm#1stPage
I am very excited to see gear from Flotek!
Walk through the implications of this:
1. Is DPDW integrating a piece of Flotek equipment into a larger custom order for a client?
2. Flotek is trading at $50 in common sector categories.
3. Ironman Energy which just did a Private Placement with DPDW did a PP with Flotek. Connect the dots.
Flotek Industries, Inc. (Flotek) is a global supplier of drilling and production related products and services to the energy and mining industries. Its core focus is oilfield specialty chemicals and logistics, downhole drilling tools and downhole production tools. Flotek offers its products primarily through its sales organizations, as well as through independent distributors and agents. There are three segments that are considered business units offering various products and services. First is the Chemicals and Logistics segment, which offers specialty chemicals for drilling and cementing. Another is the Drilling Products segment, which rents, inspects, manufactures and markets down hole drilling equipment for the oilfield, mining, water-well and industrial drilling sectors. Last is the Artificial Lift segment, which provides pumping system components, gas separators, production valves and services.
THIS POST IS NOW INVALID - CORRECT COMPANY IS FLOTEC, NOT FLOTEK
Outstanding.
Yes, they were gobbled. Fishing for weak hands. Nobody should be surprised now when it starts trading in the teens and all of the dips are above $2. Unless there is news. In which case the teens can get blown out in a matter of minutes.
They are bid whacking now.
I can hear a pin drop now before the next PR. Going to be fun watching what's next. Could be any time now.
OK, I'm asking because it was probably a raid on any standing GTC orders left exposed for the taking. Somebody got taken out and when they were done the price bounced as others stepping in and bidded on the temporary bargain prices and drove it back up.
How many shares traded in the 1.80s please?
I just logged on. Anyone feel like giving me a recap of the action today? TIA
I will bet dollars to donuts that anyone who does think that way has never been in a stock that uplisted at $4 and experienced the thrill of being in it at $15 and looking towards the next double from there.
If the stock is a winner then uplisting is the beginning as you say. It is more a matter of conditioning and lack of experience that would cause someone to think otherwise.
We saw an attempted ambush today at $2 with ARCA offering 29,000 shares on the ASK and getting taken out and retreating like a spanked child.
What is the difference this time?
DR & TB - Clients are snapping up shares
There are now big buyers competing with others to get shares and there are big buyers competing with anyone who mistakenly shorted this and I can tell you the odds of somebody shorting this at 2.10 and above is extraordinarily high right now. They are praying for a breakdown below $2, but the buyers who want stock don't care that the shorts want to cover lower.
So something has to give and right now it looks like the buyers are not taking any chances, but are buying in size and not waiting for some imaginary chance there will be cheaper shares. Therefore there are probably shorts out in the cold. And you will see manipulation of all kinds by big accumulators and by shorts all trying to outfox each other. Its a combustible situation, but one that is quite favorable to existing shareholders.
So there was probably manipulation in DPDW once upon time as there is now. But the brew is richer now and the plot is thickening.
So what? Whole new ballgame. The eyes of the world are turning towards this stock. The market action tells you all you want to know. You didn't have that before though in hindsight you might look back and realize that it was happening in microcosm as each dip was bought out with higher lows each time. Hindsight and the one year charts now confirm there was some smart money lurking and accumulating all year long. Those accumulators were more than pleased to help themselves to more shares after each mini-top. Well, now it is a whole new ballgame and those stealthy accumulators have had their cover blown. You have no reason to expect anything like you are referring to due to the rapidly exploding exposure this company is receiving. There will always be dips in a stock. That's not the point. The context has changed.
I'm sorry, that's too worn out a notion for me to find any use in it. I consider it incredibly flawed to follow such a rote concept as if it is by definition a probability unto itself. That flies in the face of everything I strive to accomplish in the markets and I'm not convinced a trader's chestnut can be applied to what may be one of the top stocks of 2008.
My initial point to Sulphur was it is one thing to attempt such a strategy with the average company, but when you have secured a low cost basis in a rare stock with perhaps phenomenal upside, applying the same old tricks to what may be a precious holding may be the height of recklessness.
If you believe you have discovered an extremely bullish multi-year stock and you own it well in advance of higher prices qualifying for an uplist I don't think you apply conventional trading logic and gamble on being caught out of position in order to squeeze out a few more pennies.
I'm certainly open minded about cause and effect, but I don't have much faith in your theory on this idea. Certainly try to play it how you suits you, but should you do that I'd advise others to do the opposite out of just basic conscience to not gamble on a flip at that particular juncture. I cannot imagine why you believe you'll get a 15%, much less even more as you now suggest, of a markdown post uplisting. Whether you had a particular experience with one stock or not I don't know, but it seems to me you have completely discounted that uplisting is the LAST BARRIER that prevents the remaining hold outs among institutional investors and funds who will under no circumstances own an OTCBB. Further, that you would sell at the point of fruition seen by an uplisting escapes me since that validation event would signal the highest probability of additional significant gains going forward, not particularly a retrace of any kind. Well, good luck with the strategy if you choose to pursue. Yes, it may be somewhat premature to worry about uplisting effects, but I've put large sums into this stock because I am certain it will. Good luck
Hmmmm, after building up your LTCG status you would sell after owning for what could be the better part of a year by that time and be willing to pay full taxes in order to (gamble you will be able to) buy back 15% lower? Makes little sense to me unless you trade it all in an IRA.
THE DR-TB EFFECT ON INSTITUTIONAL BUYERS
There are different patterns and triggers that accompany institutional buying. Different stimuli can trigger their entries.
In the case of DPDW, you have 2 distinct triggers:
Dahlman Rose
Tuohy Brothers
Somewhat different kettle of fish each one. Note the differences:
Dahlman Rose is a full-service investment bank offering value-added research, trading, and advisory services for growing companies operating along the energy and commodity supply chain.
Tuohy Brothers Investment Research, Inc. is a New York based independent energy research boutique providing fundamental equity research designed to compliment, not duplicate, traditional "Street" research. Tuohy Brothers provides insightful analysis of energy industry trends, commodity markets and individual companies to institutional investors.
From what I have deduced thus far, I would expect the following effects on the trading of DPDW as follows:
DR - More immediate impact, strong rolodex brings in buyers (not all institutional by definition). They will draw from a diverse set of investors that also comes from within the different energy niche sectors they cover, i.e. executives from shipping companies investing in a DPDW at DR's suggestion. Overall, the DR effect has been loud and clear and most immediate IMO.
TB - Deliver some immediate impact, both due to their clients buying and due to the market positivity at their signing on.
TB does not set price targets like DR. Therefore their clients that do buy tend to:
(a) buy for the true long term hold and maximum capital appreciation and
(b) buy only after follow-up due diligence of their own and
(c) when they do buy they buy in considerable size (you will know when a large TB-directed client comes on board in size as they build a million share plus position).
Thus DR will continue to have a solid impact on the stock. Both DR and TB reinforce each others coverage in the eyes of their respective clients and the markets overall.
TB's impact has barely begun to take hold. As their bigger clients begin to give their brokers and traders the greenlight to accumulate whole other waves of buying will come from these new whales. They can come in at any time and when one is done another may be in the wings. TB clients and buyers will NOT be buying for the $2.50 DR target but for far higher gains.
Not by Dahlman which is an advisory, not a fund, but perhaps Ironman. However, they tend to get close to the percentage point and then back off as they near 10%. Unless they want to be very, very long in a stock they usually want to preserve their liquidity and freedom to sell. Once you are over 10% it is a real pain to sell your position as you are limited to a small amount quarterly until you fall below 10% again. In the case of Ironman, they could load up to 9.5% of the OS by buying the same amount on the open market that they bought via the PP. This is common and is a mechanism for boosting their initial investment. But since they cannot sell the PP shares for a year they may trade some portion of their free trading shares for income as the tide rises and their positions appreciate in value overall.
Even Nasdaq has the discretionary powers to waive criteria for uplisting. I'd say AMEX is a more natural fit sector-wise for DPDW, but many people prefer Nasdaq. The only thing AMEX is somewhat less stringent and could be achieved more rapidly than a Naz listing and would be good for the stock overall.
Or maybe it was just the internal resistance you feel Deep Down inside about selling your shares.
P.S. per stop losses - equivalent would simply be leaving your shares up for sale GTC at a lower price, maybe 5-10% lower, hence low 1.90s. Leaving them up for sale like that tempts the naughty boys to pull stunts and try and drop it quick to poach them. That's my basic warning to all, i.e. don't leave your shares vulnerable like that - put them up for sale when you're ready to sell, not before then.
$3 is sufficent. DPDW can uplist to AMEX much sooner than most think.
You must pull your stop loss orders on a stock like this. Worst thing you can do because if they can get to them they will and they will take you out of your position. You'll come home and no longer own DPDW and the stock will have gone back up after they stole your shares. In fact, there may have been a stop loss sitting somewhere at 1.95 and that is what that ARCA bluffer was hoping to poach.
ARCA was bluffing, but in order to do that they had to show size and when you bluff your bluff may get called which it did.
Those shares were bought faster than you can say who took my eggo.
You know ARCA is an ECN and can be anyone, but you also know if they wanted to unwind their position or take their profits they are not going to shoot themselves in the foot and tank it while they are selling. No, they would sell in smaller blocks at the best possible price.
Therefore you can confidently surmise somebody was using ARCA to try and erect an intimidation wall on the Ask at $2 and bring the stock back down. They figured that by flashing 29,000 shares for sale on the Ask they would scare people into thinking the stock was not going to get back over $2 for some time and thus encourage/scare them into selling their shares, taking their profits and surrendering their shares to the buyer sitting on the bid.
I forgot who was on the inside bid while ARCA showed size on the Ask, but you can be pretty sure they were both the same entity showing their offer to buy on the bid while using ARCA on the ASK as a scare tactic.
It failed miserably. There are size hungry share hunters lurking in this stock who pounced on the offer and essentitally burned the bluff seller on the Ask who is now either deprived of that inventory they risked to manipulate the action or they are now short 29,000 more shares they may have to cover at a loss.
ARCA's 29,000 share offer was sucked up like a hoover.
Short attack shake out.
Omigod that was funny!
I love the valuation work. Good job! I just roll with the punches and go with the flow longer term and keep my wits about me.
We rinsed out a bunch of retailers today for sure.
I added heavily. I don't look at the price. I just average in at whatever it is.
I bought more today than some people save in a lifetime so I'd say I'm quite well invested in this juggernaut, but I'd say there is quite a bit of whale nibbles going on out there from where I was buying from.
Simon Rose seems like a quick witted and good natured guy. I liked his no-nonsense approach and, like you, that their rolodex brings in the buyers. Good stuff in there. All should read it. May we be his deal of the year.
The key for people taking ownership here may not be an $8 or 9 price target, but just a basic conviction the management has assembled a honey pot that will attract the bees. I, for one, will have no surprise if all attempts at calculating future earnings and share price get smoked by huge deals. I just believe these guys are capable of generating an unusually high growth curve. I'm banking on that more than I am setting a target for myself personally.
Brings tears to my eyes. Sob, sputter, weep (all with joy)
Definitely applies to our deal with Matrix.
Though I am not an optimist here, I covered the facts as they are to date and don't really desire to comment on anything further unless there is new relevant information. This is wearing me out just as much as I'm sure it is INXR shareholders.
Good luck with the trade show.
You do not applaud a company for doing something they promised.
Delivery of the financials is not the reward and therefore the end. It is the beginning of your actual knowledge while you've been in the dark all year.
Financials are something that gets done and that does not make the company good or bad. It is the content of the financials that determines the quality of their operations.
Focus on the content. If you don't like to discuss the content that is your prerogative. Historically, investors discuss the content of filings. How is this stock any different from the others in the market? It is not.
That is the topic.
No, it belongs to everyone. Come join us and talk about INXR.
The filings are the gospel. We merely ponder their truths.
Right, they have no obligations, just the promises made and broken. Good luck with the idea of replacing them since I believe that improbable. You need a board of independent directors to vote them out and replace them and you can bet that is not going to happen. OK, its what it is I know, but even optimistism may leave you holding yet more bags since the blown OS makes salvage of the share price next to impossible. Good luck
This stuff just came out today. If nobody says anything then you're wishing for new victims to walk into a trap. People must at least know these filings for what they are. I'm sticking to facts and keeping away from personal confrontation the best I can.
Actually, today's filing shed a powerful NEW light upon the 2/20 PR warranting an in depth discussion comparing company claims with company filings. This is EXACTLY what due diligence is. No purer form of due diligence exists than doing forensics of filing statements and matching them up with company projections and claims. It is due diligence plain and simple.
Today was a big day with plenty of new information from the filing and the OS data as well. Plenty to digest. Be realistic about what you dealing with here. Some have been making an effort to point these things out and they keep getting confirmed and usually in much starker and harsher terms than they were proposed at first. The company now has almost 11B OS, a 7B float and a mountain of debt as of 3/31. You don't know what the last two quarters have generated, but you can be sure their expenditures soared by comparison so the debt will most likely have increased by a great amount as there cannot be much in the way offsetting revenues. This is a lot to digest, but it is the truth.
Bizzy, the 2/20/07 PR has been discussed countless times. Please read things people are referencing before challenging them on their quotes. Thank you