waiting for the other foot to fall
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Thanks. It was good but I want to go back!
I did not even get to look at a chart today... Maybe thursday, as tomorrow already sucks at the day job... 15 hour day today.
Back from vacation and swamped with work... Not even playing my own pics till next week...
Almost time to average down in ALN, call me nuts.
Fine, then ignore what I say. Plenty of people have tried to say this will be drawn out. They just shut up when faced with angry blowback.
It does, but it just means the judge wants to grt it right and not be overturned.
They were pre purchasing oil for several quarters instead of closing the acquisition.
Forget it. Ignore reality.
The long --- and -- winding --- road...
I don't know the road, just heard good things about the destination.
No. But we are not someplace either. On the way.
The pre-purchase of oil - read their financials and PR - at prices just before the decline would be a serious problem. How can you state otherwise with a straight face?
The delist was a final nail, but it was down 75% before LONGWEI halted it. Down another 60-80% since then.
The comments allegedly made to GEO by locals were that they mis-hedged oil prices and lost a lot of working capital. This caused them to run low inventory and poor price margins. I would say 2012 and some of 2011 were fabricated financials.
Relentless one man pump.
It is close to the upper side of down channel on my chart. Might break out and might break down. Next week is hectic work, so no nimble trading for a while.
Knew you would. I don't want to watch on vacation, so will wait till at least next week...
A court is needed to assign guilt and consequence. A court is not needed to assign a description and a warning. All available evidence is consistent with there being no good outcome for shareholders.
Morning
we will see. prepare to eat crow.
You cannot rely on past filings when an auditor quits on grounds of being restricted from auditing current financials. They are proof of nothing except that disk space is occupied on a server.
Only the certainty it gets overruled on appeal
it also is up in front of the SEC for Chinese accounting issues... and the seeking alpha article today was deplorably hollow.
after the 10Q and before the post-merger filing end of September. Long term watch for a short term play?
DSS: Our second quarter 10-Q will reflect the results of the pre-merger DSS business on a standalone basis through June 30, 2012. Regarding the second quarter financials into the company is in the process of finalizing core DSS business continue to see the benefits of the trends established in 2012 with both revenue growth, profit growth based on a focus of optimizing product sales mixes and containing our cost, each of which directly and positively impact the bottom line.
Our second quarter we will continue to see but will be the last quarter of significant merger related cost. Once again we will be issuing the full second quarterly results for the pre-merger DSS which we expect will occur during the first or second week of August. Subsequently for the third quarter and beyond the company will report as a combined company.
starting now with 10 contracts of October $7 puts...
expired worthless but I am willing to play double or nothing.
DSS seeking alpha transcript of investor presentation. Have not finished reading but bottom is not in yet. Big original owners want out. When selling pressure stops it will be a sharp, low volume correction.
GEVO nose dive PM. could be a buying opp if it continues.
I have been burnt so bad playing puts on csiq. People really think it is Canadian and safe.
Make the board an orphan.
the pre-split $20's seem a lofty enough goal, but who knows.
The geo report was available to their members long before published.
Yeah, vrng people keep discussing it and seeking alpha articles have been pushing it. Chart does not say bottom, so I will snorkel now and research later. If you decide i am wrong about bottom, let me know.
Thanks.
I called in advance of my trip, which was after the event. I have been doing business in China since 2008. I am fully aware of the differences.
Red chip dropped them. Chen dropped them. Board members resigned. Auditor quit. The current IR does not answer.
I wish you were right.
I tried to visit them on a business trip to China and got a song and dance about their investor days just ending and no English speaking management, etc. seemed innocuous at the time, but just a month or two later it made sense... IMO, they staged a truck parade for investor days.
It is a scam. Defamation aside, if they had the cash they would have bought back shares or gone private to get out of this mess. Even if they only have the cash from selling shares, they could buy the float under 40 cents...
tough break. Hard to find that ticker, but rewarding.
Thanks. Dead tired