Looks like the rally has finally sputtered out. Not a bad thing . Can't go up forever. So it'll backtrack a little bit, find a consolidation point and then begin marching higher again....as long as it is after Aug options expiration as that's when the calls I wrote expire.
Heath continues to impress.
All items on press release are positive....settlement covered by insurance as well.
Interesting that there was quite a bit of volume earlier....wonder if some were selling in anticipation of suit announcement.
Now they need to show that they are a business and making sales.
Wonder if they'll get options relisted on the CBOE. That would be fun for me.
Way to go, Heath
Oh..and Meet's market cap is .1% of Facebook's, so with chart guy's logic, this stock should be trading at 12 cents....well, either that or Facebook should be trading at $5,000.
you could establish a small position and average down if the stock retraces...I wouldn't go all-in at this point. I sold some calls today to try and further monetize my position...but I don't think this stock will just keep going up.
What are you talking about? You use outstanding shares as a basis to compare MEET vs FB? And since FB has 5x the outstanding shares you believe meetme should be trading 5x higher? That logic is misguided for sure. And why are you even bringing facebook into the conversation? What does facebook want/need with meetme? Added traffic? Doubt it....most people on meetme probably already have a facebook account.
I get the ra-ra for a stock breaking thru fresh highs not seen in 5 years...but c'mon....you're dreaming.
Yes, that's why the premiums are rich overall, but the fact that options on both sides of the the line lost significantly today (when the stock was only moved 1%) indicates it was related to some macro event.
Mustafa and gasbag -
If I am guessing, I would say the option activity is more tied to Brexit...as the option premiums had swelled over the last couple weeks, but let some air out today. Today we saw news that indicated the vote might be swinging to 'stay'...and both puts and calls well out-of-the money traded more like they were in-the-money...dropping significantly. So just putting two and two together, it seems awfully correlated to that.
Looks like the options market is giving up on any news for June. Premiums have come down significantly for June but are still pretty rich for July.
I don't think that's it.
1. The CFO basically stopped this train in its tracks during Q4 conference call....announcing that revenue would be somewhat muted over the next year
2. Stocks don't usually have a single day 'pop', because all the market forces align (at the same time) and realize the company has potential
Could be a fund/institutional investor acquiring a position
Could be good news that has not been made public yet
Agree the report is good. Good to see that Sampson stroked the locks of his hair and turned out a strong performance. Good balance of focus on driving revenue and cutting costs. Like the "transparency to shareholders" line about finding value for the company....still say "buy out"
Just need to right the balance sheet. Still stuck with large stockholder's deficit...lower cash position...paying high interest rates for money. I think with all of the mentioned drivers, this will ease over time.
Would have liked to have seen numbers for today's press release, but they might be asked that on tomorrow's call.
Overall, nicely done.
Blowout? Hardly. Remember this is Wall Street. Stock action is driven by expectations and comparisons. They missed on revenue and eps. Stock will fall on these results.