You could be wrong since this is a new drug and new technology.
If you ask a computer engineer 30 years ago, he would have told you that a smart phone like Iphone 6s is impossible.
Or if you ask somebody who lived 2000 years ago, do you think somebody would ever fly to the moon? He would have told you it's a scam, not possible.
So I guess you have already covered your short position recently?
Your link does not work?
This sounds like a milestone to me!
This might try earlier high again IMO.
Good luck with ORMP!
From recent NCTY sec filing, the CEO Jun Zhu had just reduced his position on NCTY from 37%(last Dec) down to 34.9% for some reason unknown.
This is not a good news for the current shareholders from my stand point of view.
I am not positive on the stock exchange with a HK company with very cheap stock price around $2.
All not good signs, be aware.
Right now the stock price is purely driven by technical trends.
The risk is high if Jun Zhu keeps dumping his shares, not sure what he is trying to do.
Their intention is to make money, no difference than any of us.
The only difference is that they have more power and influence than us on the stock price.
Also mutual funds tend to hold stocks much longer than retail investors since it takes long time for them to accumulate their positions.
But after they are done with accumulation and the fundamental of the company is doing well, very likely the direction is going up.
Now the institutions are holding 35M shares, not many of them are profitable on REGI so far since their average cost on REGI is around $10 - $12. So what are they going to do next?
To me, it's a very annoying but effective way of accumulation at low price.
Hope they will become long-term shareholder from now on.
They bought 2M - 3M shares last May between $10 - $11 and triggered a major spike of REGI to $12.50 level.
Then they dumped REGI all the way down to $6 level.
I think they have great contribution to REGI's low price below $8.
By the end of last year, they added their position again to near 1M shares.
Not sure how many shares they have now until March 31, but we will see it on May.
I thought we were seeking peace here in this board?
You could ignore me if you don't like my posts.
This is a free world.
So it seems REGI will get more BTC in 2016 with full production?
420M / 3 = $140M?
What's your long-term sentiment about REGI? Die hard long or swing trading it?
Any price target in your mind?
I see a green light for REGI in 2016.
The number in my sight is $12.5 - $15 in 2016 if Q1 and Q2 reports are both good.
I laugh out laud because the way he mentioned about this offering and trying to give people a negative impression that something bad had happened.
In other word, he is trying to create an ambiguous atmosphere and uncertainty to try to freak other people out to give up their shares at low.
That's why I was laughing because the fact that people was willing to accept this offer at $13.26 was because they thought this stock worth more than $13.26 sometime in the future, otherwise this price made no sense at all.
But now it's trading at only $8.3 which makes me think obviously this stock is undervalued.
The way he is desperately trying to use any piece of information as a negative information to mislead people made me laugh.
I know English is not my first language but I hope you could understand me.
If not, that's fine.
I didn't know your story or what happened that made you so negative(probably lost your life saving on one particular stock say SYNM which made you hate REGI so much, I don't know ) but being negative won't help you. Try to be positive or nobody could stand with you.
Nobody is always right and I am no exception.
I couldn't control the management or oil price but I could control my position.
I sold at high and buy low.
My position is high when stock price is undervalued and low when stock price is overvalued. Now I think REGI is undervalued, my analysis is inline with other three
I only use my spare money for investment and never put all the eggs in one basket and always be cautious.
Your personality does not make you a good investor since you are too negative and not calm. You could easily get angry or lose your temper. People like you with this kind of personality could never do good at anything, especially not for investment.
You have anger management problem and you should go to see a doctor before losing all your money in stock market.
Try to make peace with other people and yourself, especially yourself.
Wait until REGI could be profit by itself without BTC.
Probably in 2017 or 2018 or who knows when...
Now let's look at REGI balance sheet:
REGI has a heath balance sheet with about $50M cash and 2015 BTC still in account receivable and payable.
After receiving the full net benefit, REGI will add about $75M cash.
2016 BTC will be received at the beginning of 2016 which would add another $75M - $100M cash.
REGI total cash could potentially grow to about $200M.
Then the demand and supply of REGI shares.
Total outstanding share is 43M, institutions are holding historical high position 35M and still adding positions.
So only 8M left in the hands of a few major insiders who had not sold one single share since their last sale almost two year ago around $14! I think these major insiders are also long-term shareholders looking for much higher return say $20 - $30 after selling their half holdings around $13 - $15.
So technically all the shares are locked by institutions and insiders.
Then who is trading? Institutions are in and out but the major trends is adding more position and they will continue doing so. So this part would be mainly demand on the shares.
Short position is around 4M, they would either short more or cover at some point.
If they short more, it would create some supply, if they cover, it would create some demand on the shares.
At current price level and $2.27 EPS estimation in 2016 and $1.04 EPS estimation in 2017 without BTC.
I guess it's not a surprise that some shorts would cover and short position will likely drop back to about 2m - 3m, this would create about 2M demand on the shares.
REGI still have $60M stock buy back program which could mean about 7M - 8M demand on the shares.
So total shortage on REGI shares is estimate at 5M - 10M which could possible trigger a major short squeeze to $10 - $12 level. Less
Sentiment: Strong Buy