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I encourage you still long the stock or considering a position to read the recent articles on Seeking Alpha. I didn't write them nor am I receiving any compensation for suggesting it.
Good luck on future investments. This one looks like toast.
Disclosure: Not short or long the stock. May try a swing trade in the next 30 days.
WWT, they overstated the value of contracts and long term revenue projections which is part of the reason they fired the COO (a BIG red flag if you were long the stock). It started showing up in the A/R as they weren't collecting the projected revenue (1st BIG red flag).
Frankly I don't know if they make it to another R/S. But this is dead money now and no one knows where the new bottom will be.
Had this one on the watchlist for about 6 months. And each time I took a closer look at the financials, I wasn't comfortable buyin in.
Seems like most of you ignored the fundamental warning signs and paid too close attention to the stock price. Also, over on Seeking Alpha, there were several negative articles based on deep financial reviews and recent covenant defaults.
Learn from this one boys. Once an experience, twice a mistake.
So ignorant of government regulation, law, and it's true impact on business.
When faced with facts and reason, the best you can come up with is "So left coast"?
Move along GM, nothing for you to see here.
This post is a bit off topic, however, it's in response to GMoney and how this works against publicly traded companies and startups.
That's it for me too boys. Kept on eye on it until the recent setback. I wouldn't bet on a buyout. IF there was value, it would have been bought long ago. And now, it's headed for BK and the patents will be bought for pennies.
As most of you know, been long gone from this one. Lost a few bucks, learned some penny stock lessons, and have moved on to better stocks and returns. I still speculate a bit but we all know it's more like gambling than anything else.
Take care boys. Sorry it didn't work out for you. Hope you find greener pastures.
-Grow
Put in a 10% stop below where I bought and I'm out again.
Don't like the quiet or the price action.
Back to watching.
"Getting that sick feeling I’ve been taken".
You may have. This remains to seen. For all who hold here I hope not.
It's proably been said here before, but I'll say it again. When you invest in anything (especially speculative, high risk stocks) be prepared to lose it all.
I added a bit on Friday. Up to 30,000 shares. But if it all goes away, I'll be fine.
"Didn’t the interview mention shareholder value????"
No, because there is none. Unless you bought it below the current selling price.
Shareholder dilution, value destruction, but right now only the promise of shareholder value. It's what makes a market.
"This company will be cashflow and EBITDA positive this year with $22million backlog".
Maybe, could be, or might be cashflow/EBITDA positive. But given the stock is selling at BK prices most don't believe it (except maybe you). Given all the false starts current owners and watchers are in wait-and-see mode.
WARM has no street cred. But it has promise.
Haven't seen the transcript yet but the market reaction is positive.
More importantly, it seems P has found a bottom just below $5.
Long P, in at $4.85
"I'm not sure I agree at this point its a binary play at complete loss of investment or knock out of the park".
Well, if they are unable to deliver product (still in doubt it seems), and cannot raise additional funding, then it's BK and someone probably buys the IP. There are many examples of companies with great technology/IP that didn't make it and got scooped up later cheap.
I'd like to add on the way UP. And although I thought the CEO interview was very positive and helpful, we all know the company paid for it, right?
Back in at .047. A toe in the water as it were....
WARM is now my biggest specualtive stock in my port (not size, risk level). But I see it as a binary play. Going to 0 or running hot from here.
Thanks to all with company updates.
As a former stock holder of WARM, and a few other penny stocks, let me tell you a simple truth. Retail shareholders don't matter.
Now those who lend them money, or strike various kinds of financial deals, they matter. But only for so long.
It has long been said you should not invest in any stock unless you can afford the loss. Complete loss. This is particularly true with extreme speculative picks like WARM.
Still watching......but not hopeful. GLTA.
New add to my 401K. In at $16.50ish. A lot to like at this price point and, with the corp tax rate droping from 39% to 21%, more cash for DLTH to grow the brand.
Not really. TREFIS has it at $5.95.
"Total commitments now amount to roughly $18.2M - $25.9M USD"
So, are these purchase orders or verbal committments? I'm guessing given the non-reaction from the market buyers/watchers are still skeptical.
Guess not. Not surprised.
Been lurking for awhile after I closed out my position months ago.
I really don't understand the point you are trying to make about liquidity. How is WARM stock lacking market liquidity today? Bid/ask spreads? Price impact? Volume?
While I don't buy the "pump/dump" or any conspiracy theories on the stock movement, how much longer can they remain solvent without revenue/margin? Where are the sales projections for the next 12 months?
If their IP has so much value, why hasn't a big player bought them out?
I continue to watch this one with high skepticism.
I'm going to wait for it to slide back under $5, create a bottom, and probably re-start a long position.
If Sirius wasn't in the picture it wouldn't even be on my watchlist. I like the new management but they have much to prove.
I see a lot of people guessing wrong on this one. Except for those who are short.
I got out at $9.25 on my last trade.
You've heard this before, even when a stock is $5 it may not be a bargain.
All this being said, I've been a P sub for years and really like the service. The biz model, not so much.
Those numbers aren't so bad, but the trend is down. And the short term story is not UP.
No one knows where the bottom is on this one.
Hard to predict, but I'd lean to a bit more downside. Revenue has been guided down, the new CEO basically said it's gong to take time to right the ship.
The only near term driver, IMO, is will Sirius make a serious run to take them over now. Might never be this cheap again.
Disclosure: No position in P.
The market says otherwise. I'll go with the market on this one.
Jack is also the guy who said this is a $2 stock. Ooopps.
Yeah, some shorts believe if they just keep "working it" the stock will tank. All you have to do is see the number and tone of those posts.
I have a decent long position remaining in my 401K around $1.75.
Nope, buy the Dom. Loaded up at $1.83 before the call on Monday. Took quick profits today in my Roth (trading account) @ $2.30, but still hold it long in my 401k.
First buy on Preferred Shares @ $29.75. Now own Frontier common and preferred.
If interested, many fine articles on SA about Frontier.
With speculative, beaten down stocks below $10 I ease in slower than 50%. There's is just too much volatility and shorts manipulating these types of stocks.
I'm at about 20% now. Will wait closer to the r/s date. Shortly after that they will announce earnings so from mid July to early August we could see some real swings.
Like the name, 3puttpro. I work at a golf course.
In general smaller cap stocks can really take a hit. Hard to say with FTR, but it seems shorts really go after r/s stocks once it takes effect.
Nefyn, just started a position today around $1.15. Based on my preliminary research management has a realistic plan in place and shareholders should see better financials this year and next.
The challenge here is exactly to your question. What about entry? The argument for starting a position now is the bad news is out (mostly it seems). They restructered their debt. Churn is slowing down. It pays a hefty dividend even after the cut. Near 52 week and 34yr old low and holding (so far).
The argument against? Volatility. Stocks under $5 are fodder for shorts, manipulation, and day traders. It could go lower, it could start to recover. The reverse could cause it to take another leg down.
I'm easing in. Hope to add higher and will buckle up my chin strap.
Could be k_w. I put a stop in at .17 and have been out now for awhile.
I thought we had something here, but probably not. Out until positive developments. GLTA.
Yeah? Beliefs don't pay the bills.
IF the market takes it down again below $9, I'll be a buyer. Really like this one long term and expect it will run a few weeks before the July date.
Yeah, it was a gift below $8 just a few days ago. Increased my holdings 35%.
Earnings release is 6/9.
Action should be interesting right before and, depending on the numbers and future guidence, right after.
I thought about a first buy last week when it broke $9 but I'm going to wait for the 6/9 release.
As part of my continuing DD, I care.
I added to my position today at .235.
New $8M liability? See restated 10K.
Where did that come from? And how could they miss that the first time after a delay?
Don't like this much.
Thank you Trend. Your non-fundamental explanation is as good as I've read on iHub.
As you know, entry/exit in a stock in the end also involves some luck or good timing. After all the analysis, and some final action to buy/sell, the market has the final word.
I'm with you on keeping it simple. I also do quite a bit of DD by finding articles and/or intelligent resources to help me understand a company, it's industry, and where it might be headed in the short or long run.
For me, unlike 95% of people investing in the markets, it's not just making money, but the stocks I own reflect my interest and values. I own select companies in certain industries and don't even look at things like tobbaco, military, environmental polluters, etc.
At some point we'll both probably be back in this one. GLTY.