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GeoEye, Inc. Message Board

  • sensemaking88 sensemaking88 May 6, 2008 7:18 PM Flag

    Management Responsibility

    Management has been extremely quiet since this stock started falling. They caused some of it with their waffling over the tax issue. Even to this day, the tax issue is not yet confirmed although they have already adopted a conservative position. What about GEOY-1 launch? Why did they not come out with a statement that the launch could be now Aug instead leaving investors to hunt for such information on various websites and speculate? They had earlier said they were still talking with Boeing. What happened to the discussions? If they were still contesting with Boeing, why could not provide that update? During this entire period, only bad news reflected on public websites, good news by Valueengine and Reuters outperform rating on GEOY were hidden from view.

    And just before results are due Friday, the stock gaps down? If we hear news this Friday that is really bad, does it mean that someone has leaked sensitive information contributing to today's action. In other words, did a big fish get away first before more trauma on Friday? Is this stock behavior all part of hedge fund manipulation since Harbinger is a big owner?

    On the flip side, a gap down is good. It shows that there is an upside going forward. If I am not mistaken, there is also a gap around the $28-$29 on the charts. So if the gaps have to be filled, small investors can take comfort of this possibility.

    Until Friday, management's performance has thus far been disappointing.

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    • So what happened today? Anyone knows EXACTLY the earnings numbers. I could not be bothered to listen to the CC. But those of us who had bought into GEOY with great trust in management knew we were let down today. But since when did management work for us..

      On the positive side, today's actions lives us with hope:

      1. There is a gap... if all gaps must be filled, then GEOY will reach at least $22 sometime.
      2. A gap down of this magnitude could be followed by a gap up. An island gap as they say represents one of the strongest chart patterns... we hope
      3. 3 million plus shares traded today..are the shorts done..if so, it has to go back up as the fund managers now need to sucker in a new breed of retail longs for their next money taking moves.

    • I guess right. So much bad news baked into the 10Q report that was not publicly available because of lack of public guidance. But obviously someone out there has had sufficient access to short the stock.

      Seems to me that the accountants ought to be changed. Still can't figure out the tax issue after so long?

    • I agree with you. This lack of communication on management's part is not confidence-inspiring. They may be keeping quiet because they have nothing positive to say.

 

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