Hey folks,
After researching the information that jasonlyric2years and MACD put up a day and 1/2 ago I had to change my % of long shares down to 10% and the rest I set to sell on Monday morning. No sooner did I set the sell order than did I find the release on Marketwire regarding LYJN posting of current information.
So, once again I cancelled that sell order and set a buy order for another 50,000 shares and I hope I get'em because this stock is going to run again. I'm back to trading on these guys until financials are actually released and not just announcements of ['We're planning to release current information.'] Here's the deal, I just started DD on this company a week ago and the majority of my findings suggest it is a systematic pump and dump. No financials and all of their historic runs can only be linked to press. They certainly can't be linked to financial strength because nobody knows what that is. Just give me an income statement please!! That's all I want, I would be cool with just that even if it was two years old!!
If Marty Josephson over at SJaccounting is working over the weekend and slamming together something for us, well, then there's value in that alone. Even if that something is not too nice looking, it would still suggest that they are addressing the reality of their position and taking steps to improve it. For all we know this stock is trading at 2x earnings. Maybe 100x who knows! That's what I wanna know. I would like to build a cash flows statement, or see one from them and then construct a common size income statement to compare against True Religion Apparel (TRLG, NASDAQ-NSM) who is trading at $29.6 now. (A very strong stock by the way and a perfect time to BUY.)
Alot of you are much more saavy than me on companies with little reporting, I would love to hear one of you enlighten me on how you make your buy/sell and short decisions. Beyond press bulletins. I will give 25 points to the person with the best advice. Yes, you heard right, T-W-E-N-T-Y F-I-V-E brownplanet points! You can take those points and do whatever you want with them, cause they're yours. Show them to your friends, put them on a necklace or sprinkle them on soup. Put them down on a fresh pair of lyric jeans. They might even take them, I can't say they dont because I haven't seen their current assets and they dont answer the phone. So, at least there's that. Best advice wins.
~brownplanet, out.
AI
