I'm only posting this because I am 0-for-forever in predicting short term stock movements. So I'm hoping that my prediction here doesn't come to fruition....
That said, I am expecting a very erratic rise from here to the upper .90's. I don't think the $1 hurdle can be challenged until the books are out (or at least a No-BK statement). Why do I think this? Well, in a word... risk. Most (many?) of us here are avg'd in the 30's and lower. Personally, if they announced tommorrow that they had no other option and HAD to go the BK route...then the stock fell to the mid-teens, I'd be disappointed, sure even devastated, but financially I wouldn't skip a beat. I think that is the feeling of most everyone here that avg'd so low. But buying at over $1.00 the risk starts getting real and that very small chance of BK starts looking much larger.
Hanging in the 80's and 90's may be a good thing as it may allow for additional accumulation by the little guys, before the funds can start plowing away.
Again, I'm mostly full of sh*t, and never have made the right call before, so look for it to bust thru $1.00 soon just to prove me wrong.
BTW JRM, I'm not staying up late with you tonight. Husband is travelling and I don't sleep well when he's gone, but after last night and an early morning today, I think I'm checking in early. (had an extra Dewars/rocks to assure a sound sleep.) G'nite!
If that turns out to be the case here, I don't imagine even the most steadfast of longs will doubt that the latter part of the audit will be overlooked by a bankruptcy judge.
I can't see their creditors holding out that long.
Don't count on books anytime soon. Another stock I own, Endocare (ENDO) is finally supposed to release reaudited financials in the next week or two after about 9 months worth of fresh audits - and they're much smaller than HLSH!
I'm happy with the recent upswing in ENDO, but the wait is killing all of us longs.
dont you know the rules? no negatives
besides the lawsuits which everyone ignores
there is the forensic accountants
usually when there is massive fraud
there are attempts to hide it
missing evidence er.. i mean records
maybe thats why they are going to Squishy for more records
without 100 certainty they cant file with the SEC
takes 3 years of good records to get back on a real exchange
several years on the pinks wont help the price
I have never seen a case of fraud of this magnitude turn out well for the shareholders
You need to have the 2nd Qtr. numbers. You will not have them 6/30 but you will by 7/10. Watch out, just because the cash flow is good that doesn't mean BK might not happen, there is a lot of law suits out there.