News Focus
News Focus
icon url

billy spec

08/11/18 5:18 PM

#20839 RE: 420man #20838

I csn lose 10,000 , so I buy all I can , but now the continued drop from 21 to .05 kinda makes me think to wait till all rs, and damage is done, or maybe bk in a month.
icon url

BobDoleYahoo

08/11/18 5:30 PM

#20843 RE: 420man #20838

Indeed, the hardest thing about being in the market isn't really just about finding the right stock. You can be Warren Buffett and calculated using his magic winning techniques that a company will do well for the next 10 years, and you could be buying when everyone's selling, and the stock wouldn't rise for 2-3 years because the other people haven't figured it out.

Or, you could have calculated HMNY would be out of money by July 15th (and they begged money on July 13th from Hudson Bay), and predicted all these nasty events months out, and warned people and people would just simply call you names, accuse you of this and that. So yeah, predicting a stock price is one of the hardest things to do. Not only do you need to know what the hell you're talking about, you have to be able to predict human behavior.

At any rate, if they can stop the bleeding *AND* stop the ATM dilution (i.e. get a freaking real credit loan instead), the stock will rise. Until then, it'll continue to move further down UNTIL shareholders stop speculating and they know as I know from the numbers it might be OK if all of these come to pass. Sentiment is more important than news sometimes. And even now, people are still talking about a reverse split, fearful about it and not having a clue that HMNY is doing their best to stop the selling because they're afraid of a hostile takeover and need that reverse split to protect themselves. So many moving parts and management has to play this right or it's history for them.

With Mitch's "testimony" on MP sub counts, I redid my Sub Loss. This increases the revenue slightly the past few weeks of projection. Plus, based on the paid pumper and stock tankage and volume, my calculations work OS out to be 86.7 million as of Friday. The only thing that missing is how much money are they wasting on Emmett/Oasis and the Bruce Willis movie. The number of shares OS (especially if it's 200+) means they should have tens of millions in the bank. Yet they're still acting like they're strapped for cash and still diluting more. That makes no sense. There's some cost they're not telling us.

In this link, I used what Mitch said to deduce what the MoviePass sub count COULD have been around the time he did the interview. I think the sub count is down at least 50-100K since just from heavy users quitting. That's their strategy.

https://photos.app.goo.gl/9katsAATew6q3FgW7