Interesting timing. JVA released earnings last year on Sept 10.
Wonder if earnings and conf call will be after or before the conference? Sept 15 is the deadline.
Earnings are in less than 2 weeks. Not much they can legally tell you. JVA still does some hedging and that will be a loss this quarter due to how much coffee prices dropped but nothing to the extent it would have been since the Gordon's stopped speculating in coffee futures.
Been a long time since commodities rallied. If by some chance oil has bottomed, that would likely lift all commodity prices including coffee and would increase buying pressure. A lot of beaten down commodity companies began to snap back hard today, JVA included.
Stock, let me tell you what I think is happening. This comes from experience because I was involved in the takeover of another small, low float company. The trading patterns I am now seeing with JVA happened exactly the same way with that other company.
The company that got bought out, also with 6 mill shares available, this is what happened. Some of this we found out reading court filings. The CEO used his PR firm to privately advertise they were available to be acquired. The CEO was 70 years old so he was looking to get rich quick. Immediately after he privately announced his company was on the sale block, the short interest spiked. Trades occurred every day at exactly 4:00 to cause a downspike, just like is happening with JVA. Shares were offered lower than the current market price which caused any market order purchases to cause the price to go down, just like is now happening with JVA.
What was happening is the PE firm that wanted to buy the company was intentionally losing money trading the stock by purposely selling shares at lower prices and offering their existing shares at below market value to push the stock price down.
Why would someone purposely lose money trading a stock? Because for the year they did this, which I estimate caused the pe firm to lose between $500,000 and $1,000,000, they probably saved between $3-5 a share in a lower buyout price which ultimately saved them between $18 million and $30 million.
The manipulation was so bad and so blatant despite the company killing it during earnings that I wrote to the CEO and even speculated someone wanted to buy the company and was knocking the stock price down to get a lower price. Turns out I was exactly right. The CEO never wrote back.
I think JVA hired Liolios Group and advertised they are trying to sell the company. Someone, perhaps a private equity firm, perhaps GMCR or Del Monte, is purposely manipulating the stock price lower to save millions of dollars with a lower buyout
They squeezed the bid/ask to 4.36x4.37 with 1 second to go. When the stock opened this morning, the bid/ask was 4.36x4.54, which is a far more appropriate spread for a stock with A float of under 6M shares. Companies with billions of shares should trade with a 1 cent spread. JVA is purposely being held down...without question.
They will find a way to make this close lower. I don't care what the short interest says. Market makers are legally allowed to naked short stocks. Someone or some group is purposely driving this price lower. My guess is they want to buy the company or take it private and are lowering the price to get a lower buyout price.
Are you freaking kidding me?! If your systems are overwhelmed in after hours, there is no hope of expecting the systems to work during normal hours during the Collapse.
50% fraud. He actually bought all the shares he said he did. In fact, he bought so much he single-handedly drove the price from $4.80 to $5.50. Trust me on that.
20% of the daily volume happened in the final minutes. That is typically happening every day. The shorts are pounding the stock into the close. This is all bs and meaningless and manipulation and amounts to nothing in the long run.
The MM's are absolutely trasing this stock right now. I wont get into all the details how, but somebody just bought 100 shares and it filled at $4.82999 even though the ask was 4.83. Who sells stock at 4.82999? The Mm's, they wont even let the asking price be taken out to let the stock go higher. Happens so often here. One good earnings report next month and this can fly.
Short interest has more than doubled in the past 2 weeks, and tripled in the past month.
I've noticed the shorts are doing most of their trading in the final minutes each day to make sure the stock closes lower.
Define grasping. Someone bought 1,500 shares at $5.76. That's a fact. Saying it's going to $4.50 is grasping. My statement happened.
Every site shows the same thing, including nasdaq. Volume also increased by the amount shown after hours. Looks legit to me.
17:56 $ 5.40 100
16:23 $ 4.75 Low 1,100
16:12 $ 5.76 High 500
16:12 $ 5.76 High 1,000
16:00 $ 4.75 100
DMRC is up over 50% in 2 months since you started basing it. You might be the worst short in the world, so welcome! Perhaps you should stick to bashing marijuana stocks with no revenue, you will not succeed for long here.
There was a 4,000 share block purchased at the ask just before the closing bell. Not a lot but total daily volume was only 12,000. CEI said he bought a small amount and that was 99% likely his purchase.
We will know in about a month or so when the institutional purchases are upgraded who the likely buyer has been. Total purchases by this one individual have easily breached 100,000 shares this quarter alone. That will show up in the filings.
Whenever this buyer said he was buying, he has. I've seen it on level 2 every single time. If the remote chance that it really is Carl Icahn's company buying shares, the world will find out and JVA will be heavily accumulated. A single tweet from him would send the stock skyrocketing, but twitter's not needed since the filings will be made public soon enough.
I was wondering where the volume came in with a few seconds left. You bought 1/3rd of the total shares traded today in that 1 trade and the price didn't go up.