Saturday, May 30, 2020 4:51:02 AM
SJ, this is not addressed to you but it's so weird that the bills always have to get paid regardless of the share price if you want to stay in business, isn't it? These postdated deals closed and announced a week or 2 later at lower prices from before the stock rallied has taken the air out of several rallies already. But do you not think that the sudden last doubling of the pps was in large part due to huge pent-up demand from those prior failed rallies when the stock rose but got shot back down again?
At this point, having seen the shares double in a damn week, I'd think that longs would have their backbones strengthened a lot with just a bit more faith that we're getting where we need to go. Most of the people buying in the last 2 weeks will have read the financial reports and have a good clue that the company needs to keep raising cash month to month. Do people think that they were all naive and bought the stock without even noticing the financal condition they are in? Personally I don't think so.
But from some, even some who have owned shares for along time, we get screams about being betrayed and even calls to the SEC to complain that they raised more cash. "Hello, SEC? I bought a stock and I think it's going to go down!!! The company had the nerve to announce a financing they hadn't told me about before I bought it. And I'm sure the stock is going to go down on Monday. You need to investigate these dirty MFers!!!" You can't make this stuff up.
At the ASM Linda said "we anticipate that we will reach datalock by approximately the end of May." I think she also said she expected the company would get TLD by the end of June and release it about 2 weeks later? Well it's May 31 tomorrow so right on schedule there are predictable voices going "where's the damn datalock? They lied about May, so obviously 'June' will be 'October'". JFC is this for real? What a bunch of fake outrage, or fools if they are not fakes. The stock just doubled, folks. How about just a little bit of adult patience?
Back in the day Peter Lynch, famous Fidelity Investments investment whiz was asked the secret of his success. His answer? Intestinal fortitude.
At this point, having seen the shares double in a damn week, I'd think that longs would have their backbones strengthened a lot with just a bit more faith that we're getting where we need to go. Most of the people buying in the last 2 weeks will have read the financial reports and have a good clue that the company needs to keep raising cash month to month. Do people think that they were all naive and bought the stock without even noticing the financal condition they are in? Personally I don't think so.
But from some, even some who have owned shares for along time, we get screams about being betrayed and even calls to the SEC to complain that they raised more cash. "Hello, SEC? I bought a stock and I think it's going to go down!!! The company had the nerve to announce a financing they hadn't told me about before I bought it. And I'm sure the stock is going to go down on Monday. You need to investigate these dirty MFers!!!" You can't make this stuff up.
At the ASM Linda said "we anticipate that we will reach datalock by approximately the end of May." I think she also said she expected the company would get TLD by the end of June and release it about 2 weeks later? Well it's May 31 tomorrow so right on schedule there are predictable voices going "where's the damn datalock? They lied about May, so obviously 'June' will be 'October'". JFC is this for real? What a bunch of fake outrage, or fools if they are not fakes. The stock just doubled, folks. How about just a little bit of adult patience?
Back in the day Peter Lynch, famous Fidelity Investments investment whiz was asked the secret of his success. His answer? Intestinal fortitude.
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