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> If I find out the delay of information was due to them buying back shares cheap before good news is released > I am going to be real P*SSED off.
Actually, I think that would be the best case scenario at this point.
'always'? Do they really have enough of a track record for us to make statements like that?
That's based on the previously reported number of outstanding shares, which we all know is now very different. Current market cap is probably 20x that.
I'm really not following. See this:
http://www.investorwords.com/4552/short_interest.html
The March 14 short interest is 200,000 - which is utterly insignificant compared to the typical daily volume. A short covering rally would last all of 2 minutes.
Can you imagine what would happen if the price per share actually increased one day? Hey, let me dream!
I don't think that P/E ratios are the right way to value a company like this. If they aren't interested in growing, and are instead just interested in selling shares so that they can buy big yachts and houses for themselves, then they don't even deserve a P/E of 1. If on the other hand they are very serious about growth, then a P/E significantly higher than 10 could be very easily justified. But who knows in which camp we fall?
Fair enough - that sounds promising. Thanks for sharing the information.
I hope there will be a news release next week sometime - but is there any particular reason you think there will be one by next Tuesday? (And are you talking about a news release involving financials?)
That is not a bet I would be willing to take.
If it's true that the company is still selling shares at this point, then I think it bodes very badly (and I think this is true even if they were selling shares a few weeks ago.) Why not wait until the financials are released - surely that will give people enough confidence to start raising the share price, at which point the company would make more money by selling shares.
It seems to me that there are only a couple of explanations for this -- either they are not really going to release financials (and probably never were planning on releasing them), or the financials they are releasing are so awful, and the company's prospects so dire, that they are grabbing everything they can now. Of course, neither of these situations bodes well for longs.
There are plenty of explanations for that - maybe he was hoping for a temporary boost in the share price, so he could offload some shares.
At any rate, whether the resistance is from the CEO or CFO or both is irrelevant - the fact is that there is resistance.
I'm looking forward to seeing the numbers too. But something tells me I shouldn't hold my breath -- there are -lots- of bad signs here.
Just bought some at 0.0005 - either I'm very stupid or very lucky; time will tell which.
Not sure why it's a good sign - but for now, I'm in.
My buy order at 0.0006 went through very quickly, in one chunk (which is unusual). It could be luck, but it looks like there is a serious seller at that level.
Yeah, but will tax cuts really fly in the Democrat controlled congress? It better be something more definite than that.
and that is bad because .... ?
well, that would be a significant improvement.
Hey,
don't knock having a firm grasp on the obvious. It sure beats having a not so firm grasp on falsehoods!
Kevin
unless they are all short.
or because they didn't accompany the diet with an exercise routine.
As a general rule, a diet without an exercise routine will only have temporary results.
it's not impossible, as 'usually' is compatible with 'always'.
who is this Bateman loser?
or you could try and do something more constructive than prayer.
Prayer doesn't do a whole lot I'm afraid, as any trader knows.
I was wondering about HOOK too.
Seems to be enjoying decent support at higher than recent average volume here. Could be worth a nibble.
I know ZEEV follows this one, I wonder what he thinks ...
Kevin.
Joe,
fair enough, but still, there can be non-interventionist reasons for significant dips being bought quickly:
1. Perhaps some significant support level is hit.
(not sure if this was the case yesterday)
2. Perhaps there is a recent history of swoons of that nature being subsequently bought - so why not move in quickly if you are confident of that trend continuing? (this seems reasonable given the way the market has behaved over the past months.)
Also, I'm not sure I see the connection between program trading and intervention. Program trading is simply an automated, computer driven mechanism for trading -- there's no obvious connection between computer trading and manipulation. That's not to deny that computer trading -could- be used in intervention or manipulation -- but it's certainly not naive to refrain from judgment about this until presented with further evidence. And the fact that a dip was bought quickly just doesn't count as good evidence for me.
Aussiekevin.
This sort of argument is completely unconvincing.
If this guy is right, then -whenever- a market has a decline, the decline should never stop, unless there is market manipulation.
Sometimes, dips just get bought. Deal with it.
Aussiekevin.
HOOK
Zeev,
I know you're a fan of HOOK, which is taking a beating today.
Do you have any good entry points in mind, or do you think it could be worth waiting for significantly lower levels?
Aussiekevin.