Agree with Sirius. No-one here is attacking GLL, Walrus etc, and I beleive most on this board have given heartfelt thank yous to them for the valuable info they do provide. What is rearing it's head here is frustration in general.
The stock market attempts to be a forward looking instrument. Stock action is dictated by where the street believes a company will be 6 months down the road, not today. Many were caught off gaurd by the stock correcting over 20% on what should have been a corner turning announcement by TKO.
I understand profit taking and it should have been completely expected at the 4.00 level. It is the nature of the markets. The breadth and size of the selloff does appear excessive though, and other things like funds and tute money, which is often believed to be smart money, exiting the stock might be of more concern. Appearance on the Reg Sho list might be of concern.
These things combined painted a scary picture. GLL and walrus initially posted some very strong language about the upcoming conference call and that it would contain guidance specifically for GE. They later posted a much softer and vague opinion of what would be on the conference call. Many on this board took the initial posts as a comfort against the negative actions in the stock.
Now we live in the real world, and I completely understand they may have misunderstood their initial information, or overstepped some bounds in posting it. I am just trying to explain the nature of the reaction on this board. For many it was the only positive we saw during the overdone selloff, and we took it in as food to ease our uncertainty in the stock action.
This company opeartes at a loss as we all know, and in reality it's stock price is high based on todays revenue vs cash burn rate. This is why some sort of revenue guidance is critical to paint the picture 6 months out that the street would use to justify, and realise a higher share price.
This could well be a 10 or 20 dollar stock in the future, but it has to be a 5 dollar stock first. The lack of guidance is just disheartening, and for a brief moment we saw some messages claiming it was coming, and it gave us hope that maybe we were ahead of the street on this one.
I understand the long term view, but this stock has seen a pattern of failed run-ups, that I haven't experienced personally, but are clearly indicated on the chart history. The fat that a loss is only on paper does not completely erase the reality of red ink staring at one on a printout.
No attacks intended here in any way. Just explaning the frustration for soft guidance at a point when it is so critical.
News 
Market Data 
Discover 
AI
