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It will be interesting to see how the last 30 minutes of the trading day plays out.
Yes, I have seen it go both ways. With a stock like ECIG where it has already been beaten down due to manipulation, surprised anyone would be selling. I would think this is the floor, but also realize that some people bought in the low 20's and want to show a profit. Just don't think it makes much sense. IMO
Ah, I do not have L2 today so only able to look at the price action and shares traded. Makes sense that they would make one final push, hope we have a big day tomorrow.
Allot of sellers before 4th quarter financials come out, seems strange. Especially with the possibility of institutional buying tomorrow.
At this point I doubt there are any retail traders buying 100k share allotments. If it was retail then why buy in 30's when it was low 20's a few weeks ago. Would also imagine that most retail traders here are already tapped out, JMO
I would think with the number of eyes that have been on the board the past week, we would at least get a bump from retail buyers who are familiar with the ECIG story. Retail buyers do not typically have the insitutional buyer mentality, but still believe there will be a run prior to the 4th quarter financials from those looking to make a quick hit.
I would think that in anticipation of strong 4th quarter financials to be released next week we would see some solid buying. When are the 1rst quarter results released, first week of May?
I believe the MM's are getting ready to cut ECIG loose for a run. Just a gut feeling.... usually when this goes in the red we see some familiar characters bad mouthing the stock. None today that I saw, just something I have noticed on other stocks prior to a runup.
Really surprised we are in the red today with the financials coming out next week. Didn't expect to see selling this afternoon, but I am confident we will see buying returning in force tomorrow.
So many people so short sighted, probably expected a big run up in pricing after Dan's presentation. I have been to more than my share of these type of trade shows, late nights alot of drinking, strip clubs etc. Many are just getting into their hotels at 7 a.m. in the morning, listening to a presentation is the last thing on their minds at that time in the morning.
LEXG actually went from a dime to ten dollars, and I believe it was just a little over a week. Not holding my breath but would love some of that action here. LEXG was a piece of crap company, ECIG could make a phenomenal run as well. A real company with growing revenue, crazy good management.. unreal how manipulated it is. Soon to change!!
Agree, never know how high it could run up, such a heavily manipulated stock could have a boomerang effect with new investors stepping up next week and the weeks to follow.
You are missing the point, 10 bagger is not comparing the two companies as being similar. Only an example of what can happen during a short squeeze.
LEXG went from ten cents to ten dollars on a short squeeze, believe it took less than a week.
Wonder if they will report 4th Quarter when they are at the conference?
If not when are they due out, on the 25th?
If it was consolidation there was very little of it, around 14,000 shares trades at .31 and then right back up to .33 with over 30,000 shares traded.
Anybody have an idea of the float? With so many longs with large positions and holding for the long term could we see a huge run up with some good news released at the conference and good year end report? Could a dollar be possible by month end with the buying interest we are beginning to see tha past 2 days?
Financials due out no later than March 31?
Hoping we see a great turnaround in 2016, tough for me to average down as I have no time to watch the stock. Still am sold on ECIG in the long run, have over 80k in the stock so obviously I am sold on Dan's ability to turn this company around and have been more than happy with the job he has done so far.
Want to thank you and all the old timers who post valuable information on this board. Don't get a chance to come here often but always read your posts Cuin, Phin.... Hope everyone here has a happy and profitable 2016!
Best thing they ever did was give up Wal Mart! Wal Mart was a huge negative , IMO. They pay on an average of 60-90 days, suck up a huge amount of inventory, and if it is on their shelves you can bet that the profit margins are god awful. Wal Mart is not a plus for a company in ECIG"s situation. Would much rather see revenues flat or lower and profitable, then selling for the sake of revenues. Alot of companies with limited cash have went broke trying the low margin high revenue strategy.
ECIG finally waking up? Still holding my shares, looks like we are finally going in the right direction.
$1.95 is what I recall.
Much improved balance sheet over 4th quarter, cost cutting measures in effect, profit margins as a percentage of sale way up which is even more important then revenues, positive cash flow now to replenish inventories. And most importantly the management team are proven pro's. What they accomplished in a short time was an amazing turnaround. Would run for cover if I was short on this stock.
Did you read this part of the 10-q Pk? "First quarter revenue were negatively impacted by the lack of working capital to appropriately fund operating units AND PROVIDE PRODUCT INVENTORY TO MEET DEMAND" said Phil Anderson Chief Financial Officer of Electronic Cigarettes International Group Inc. To sum up with the 41 million dollar capital injection they now have POSITIVE WORKING CAPITAL. Sales in first quarter were negatively impacted by cash flow. Now it is obvious they can concentrate on sales rather then financing and with their connections with the Mansour Group their revenues will undoubtably reflect that in the 2nd quarter. Even more important to me is the fact their online sales went up what ten times? (Much more profitable way of distribution then the Wal Marts of the world) In addition their expenses will be coming down with Dan's cost cutting initiatives which will be reflected in future quarter's.
Trying to buy for less or did you perhaps short ECIG, PK?
Don't think you could call that racial profiling, country profiling maybe?
You do understand that there is a difference between a companies debts and liabilities? All debts are liabilities whereas all liabilities are not debts.
Maybe that was Willis thinking, looking at the history of Wal Mart they have ruined many small startup companies. They have huge inventory demands, with very liberal payment terms. Many companies do not have the cash flow to keep up with the inventory demands of a Wal Mart. Willis should have known better, exposure is not worth draining a companies bank account and going upside down waiting on payment.
I have never heard of a vendor requiring up front cash on purchase orders unless their credit was not sufficient to provide 30 day terms (that would not be the case through the channels ECIG is distributing through) Some large companies negotiate for 60 day terms have even heard of 90 day terms. In business it is typical to offer a discount for prompt payment 2% 10, net 30 for example. Typically a company that is distributing through the channels that ECIG does have a large credit line to offset their inventory and operating expense. The fact that Wal Mart was on a consignment basis was really poor terms for ECIG. Would really be interested how the invoice would have been triggered then, when the product was reordered I suppose. I have dealt with several large companies with terms and would never have agreed to supply inventory on consignment unless it was a product I could not move. Consignment really hurts a companies cash flow especially one that is already strapped financially. Would be much better in my opinion to offer a large enough discount, 5% 10 days net 30 for example to give distributors an incentive to pay quickly, cash flow is king especially in startup businesses.
Yes, the pre split last price was right at .13, so $1.95 post split.
We must be I have seen it in a range primarily between .58 and .61 today. What stock are you looking at?
Really tight trading range so far today, a big player accumulating shares for the next leg up? My level 2 is not working today so cannot see the market makers.
So you believe that someone would give them a 41 million dollar (non dilutive) loan for "kicks and giggles"? Obviously management has a plan for moving forward and if you are aware of the regulations coming down the pike, you don't think ECIG management is fully aware of it? I bet they know now how it will play out.
At least for now doesn't seem like they want to drop it any lower then the .58-59 cent range. Will see about tomorrow but I expect ECIG to close green today. Think there are some that thought with the close to 70 percent jump yesterday that it would retrace, and were looking for a better entry price. I think as the day goes on we will see ECIG gain momentum. JMO
I don't want to belabor the point I made earlier in regards to Sean. Yes, he is extremely opinionated and dogmatic in his posts. Hardly agreed with many of his posts, but this is a message board and people are free to express their opinions. When you speak about someone being humble, honest and decent.. I think Sean showed that by coming to the board first thing this morning and congratulating longs, and saying point blank that he was wrong. That IMO shows humility and decency.
Was not projecting huge revenue projections at all. Merely said that IMO revenue would be higher due to circumstances beyond their control in 4th quarter. 30 percent higher in light of their cash flow problems in 4th quarter is not an over the top projection. A one million dollar advertising campaign/ in addition to filling back orders from 4th quarter could see that kind of revenue growth.
You apparently didn't read Sean's posts from earlier today. He congratulated longs and stated that he did not expect to see a non dilutive loan for years with ECIG. IMO was very classy and did not at all hide under a rock. From what I have seen Sean deals with strictly logic, dissects financials extremely well, and looks at everything in black and white. I have a lot of respect for him posting on the board this morning and admitting he was wrong.
Creative accounting was a term I was using loosely. Because ECIG was in dire straits they could not replenish inventory demands in a timely manner, so IMO many of those sales were filled in first quarter.
Overhead, costs of good as a percentage of sale will also be a very important driver going forward. As has been mentioned before it would make sense that the new management would dump as much as possible in 4th quarter. Dan's strength in the past has been his ability to cut costs, I have no doubt he will do the same here.
I think the swings have been more of a result of uncertainty.
With todays announced loan, and a 8k to follow up on the details I doubt we see the swings we have seen in the past. Think this stock will turn from a flippers stock to one that has more investors looking at it longer term.
Due out May 11 I believe.