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I bought 700K shares about half at 14/15. You have some balls to call me a liar. Just because I point out the obvious that there was a lot of selling in the 15/16 range. That is if you know how to read. I have been through fccn and listened to the BS posted on these boards on both sides. The only people that made money on those deals were the traders IMO. If you want to stick your head in the sand go right ahead.
started to accumulate some after I had sold out at .002. I will buy on the dips and sell into the runs. Best way to make money in the pennies. IMO
14 million buys, 22 million sells. Average daily volume 13 million and today 37 Million. In my estimation dilution is not over but slowed down. IMO
I got a chunk at 14 and a little more at 15 later in the day. Guess they still have shares to sell.
Yes because they are typically large sellers when they show up. Everyone who sent me PMs when I was calling the dilution at .0022 can now get shares at a big discount. I have learned the hard way not to fight the tide.IMO
We are getting ready to go into a holiday long weekend I expect traders to exit before Friday afternoon and I will have my catchers mit ready.
still showing more sells than buys. I think .0013 will be available soon. Might be a good entry point. I sold out at .002! I get 30% more shares by waiting a few days. Not bad!
peacock has been screwing investors for a long time. LOL This stock is down like 99% from where I bought it.
Show me one Peacock play that doesnt have massive dilution? I like palmer but will only buy back when i feel dilution has stopped or Peacock is gone.
Here is the link for MRTN. PE about 29 and pretax profit margin about 4.3% which is close to JBHUNT. So my 3 million Pretax estimate should be close if they are profitable.
thats ok. Still small by jbhunt standards
Another Peacock Company CLXN just released a strong PR this morning and guess what. Massive dilution at prices no one had shares at. Again not bashing Palmer just Peacocks performance and methods. FWIW IMO
They dont usually start selling until after 10:30 or so. They want to give it time for the price to build. but no volume this morning one way or another.
no big hurry just post it when you get the chance OK.
but scott I would think the industry as whole has to be suffering from these high fuel prices. I know they have a surcharge but I have heard stories of independents really hurting? Could you give us a little insight!
Well its somewhere to start. Im not saying its the best but I do respect your opinion in that is what you do. Can you give me a name of company that is similar in size and that is public?
here is the link to JBHUNT a larger trucking firm. They have about 5% profit margin. So using that maybe Palmer has a 3 million profit margin. JBHUNT is one the premier carriers in the U.S. http://www.hoovers.com/j.b.-hunt/--ID__13840,period__Q--/free-co-fin-income.xhtml
Im alway concerned about conversations with the CEO also. lets hope we get some clarity through a PR or otherwise that can support this. Also a current issued share count would be nice. IMO
They probably are profitable. But they may only have 1 million in profits? Leasing vehicles is easier than buying because title never passes. The only real point I want to make is why buy at the .002 range when you can buy in the .001 range! Im not a naysayer but have learned the hard way being involved with deals. Also I think Palmer will want to get to a higher exchange which means a Reverse Split to get there. IMO
If they PR that dilution is over I will gladly jump back in. Doubt we will see that though. There very well may be shorts in this stock based on some of the posters I have seen here. But I would bet my bottom dollar that there is dilution too! Also Revs of 72 million dosen't mean profits. They could be just breaking even though I hope not. Probably the best way to get an idea is to look at a similar company to get an idea. IMO
LOL Sorry, Beyer told me there was no dilution in FCCN/AERP too! History and SEC filings proved otherwise. Beyer also told me they had great financials too. Wrong If you believe Beyer you are doomed to lose money. Now get this right. I believe Palmer is a good company that may become a long ball over the fence. There is no way a sane person can say that there is not dilution at this time. Just look at the sells and the volume numbers. What has the stock done since its high around .004+ ???? go down 65%! be smart and if you want to buy get the shares much cheaper than they are now. Believe Peacock will keep diluting for weeks to come. IMO Im not a basher just a person who has been through a few Peacock plays and dont want to see people mislead by Andrew Beyer.
I think you give a honest and fair assesment there. Everyone just be aware new shares are entering the market and the price will continue to slide from the current levels. Price will probably be around .001 in the next few trading days. IMO
I believe the float is much larger than that right now. IMO
Why he is a waste of time. Unless he puts it in writing dont believe anything he says.
unless you are buying around 500 million shares then you can count on cheap share being continually available.
if you wait to pull that truck up for a little while peacock will load it up for you at a much lower price. IMO proof just look at every stock he has been involved with. AERP, HAZH, CLXN, gglb, and now avwi.
Im not against Palmer Trucking at all. Just that peacock has a strong history of epic diluting and you should take advantage of that and either sell and buy back or average down later. IMO
If you feel that buying into dilution is smart be my guest. Been there done that. rarely you will win. Not arguing that palmer may be a great company! Would you rather have 1 million shares going into the close or 2 million?
currently the sells are more than 3 times the buys.
i wish I could short like you. I would be rich
I think the way to play this is buy on dips and sell on runs just like most pennies. Hardly any ever really go! do they? just looked at l2s only two buyers at .0015 and one is SEAB who will run screaming like a little girl if he has to buy any shares. IMO
You make a good point. I think Palmer is a good company but what will another 500 million shares do to the price? I was hoping the dilution was over last week to get the 250K dollars for the deal. I personally thing the shares will continue to go down and I can buy at a .001 or less range. After the merger and most likely RS all the longs very well may end up with a handsome profit. But why shouldnt I wait and get double the amount of shares from buying on the dips. FWIWIMO
listen I have been following this stock for a long time and peacock for even longer. If you can look at the buy sells and not see dilution then you need help.
its obvious this stock is being diluted. Probably better just to sell if you have a breakeven situation. More than likely there will be more selling if the past is a indicator of the future. IMO
the key is getting past this etrade seller imo
95K shares at .0045 before the bell. LOL
great revs are like 40% higher than we thought! 47 million great DD there.
Man that chart is on steroids now. Seldom you see such a bullish chart. Wonder how many shorts are in this stock now? and when they will cover.
This baby should start to really roll now. The word is getting out on this one.