Amazing. Wall street doesn't hate anything. It's trading taking place. It's people making bets on the value of the company. The more money you have, the bigger bets you can place and the stock goes the way the money wants it to. Sometimes it's because they have an interest in it via stock, sometimes the interest is via options, sometimes they need it to rise, sometimes drop.
One way you can see interest is by looking at the options contracts, there is some activity around the 3/18(Friday) 2.50, calls and puts.
The call side is almost 10x the put side, meaning the calls are probably gonna win this one, and they are already in the money. However the fact that there's a pile of money out there betting this stock is going to close under 2.50 on Friday, is the reason why we keep hearing "the stock is going to 2.50". (I wonder who's making those bets? Easy answer- look and see who's been screaming 2.50) The more money behind the bets, the more effort will be put into making sure those bets are winners.
The simple facts are that we're a young company, with almost ZERO name recognition because of the recent re-branding. The lack of buying is the reason the price is down, and there are a number of reasons beyond youth and name recognition that are preventing buyers from picking this up. (Although those are two biggies).
Next look at the volume here- there's a lot of little volume all day long- then a couple big moves that swing the price. Smart traders don't just drop the price 10 cents when exiting, at the end of the day...It's a MM closing out his books for the day. These guys get paid to make a market, and if they have to keep the price up all day by buying, a the end of the day they need to sell the surplus shares to close the day and it's at the bid or below it. Opposite happens when they are shorting all day long to suppress the price and have to cover at the end of the day.
Really, that's all I see going on here. We had a nice run up into the ER, we had a GREAT ER, then a drop on the news. The run was exaggerated by a pump email so there were some traders in and out same day. The price was pretty stable today though. Now we are going to trade sideways until the indicators get lower, or some news comes out. Will it get close to 2.50 by Friday? It could depending on how much money is behind it getting there. However the put options open interest for the 2.50 being only 30. I don't see this happening.
The really good news Bucky presented from the 10K was in the positive changes regarding the dates at which the notes for the purchases of the subsidiaries matures. The dates and interest rates were pushed out to 2019 and zero respectively. That's huge for the short term and for the long. So if any of those impending dates were a reason for the street to hate us, those have been pushed back significantly.
As a friend says, "don't hate, appreciate".
RV- yes- I always find something positive...even if it's, "Hey, I'm still breathing..." There's no reason to sit around and brood negativity. Sure it sounds good to punch the wall a couple times, until you realize your knuckles are bleeding. But I get it- I know not everyone shares my demeanor, nor do all appreciate it. But hey- it's who I am. Hang in there.
