Honestly shocked it is now trading below its asset value. To recap, in the past few weeks the only negative news I can think of is a director sold 15,000 shares. Another director bought 100,000 shares, it received 2 patents, and it had no new negative news on the quarterly.
Sure oil is down and Congress today forbid the military from buying green fuels unless as cheap as standard products but MBLX was looking at competing on price with industrial chemicals (oil still well above $60 (currently 92.50) and they have far less focus now on oilseeds so the military info seems irrelevant.
In any event, this lack of confidence is harsh judgement on the future of the stock and demands that the company do a better job explaining where it is going. You can now buy shares and possibly profit slightly just out of the company shutting down.
We’ve got insiders buying, multimillionaires buying and retail investors selling… DOH !!!
I’ve often heard that the time to start buying is while others are panicking. I have to admit that the recent selloff looks more like a panic than a planned exit. Then again, there are probably a few institutions that are being forced to sell as Metabolix may no longer meet with certain minimum requirements.
not much, less than 7k..(some of it was 2.22/2.21/2.2)... but don't you believe that 100k buy getting no pop is bad. If big funds have millions of shs they want to part with at 2.2 it won't go much higher than that. I may be worth getting back into if someone dumps to 1.5.
What if it goes back to 3? There is very little they can say right now to help the stock price. Their focus has been on Mirel partnership. The sooner they announce the better. The market has made it clear that they want a Mirel direction. The PPS does suc and the relentless beating along with the stock market drop has really taken it's toll. For now it's just patience. It's trading at BK and just a few cents above cash. A sell here just seems foolish.
Good luck to all longs