FPP's stock is under attack and has been for months. Since FPP management has retained Stephens to increase the share price, they should not be sitting idly by as the price plummets. Here's what they SHOULD be doing:
1. Insiders should be buying shares
2. Call an emergency board meeting and approve a stock buyback, even if it's only 100,000 shares
3. Contact the stock specialist and find out who is placing the trades to purposely make the stock go down (presumably to buy the company and save millions)
4. If the specialist doesn't give a satisfactory answer, contact the SEC and FINRA and demand an investigation into the illegal trading that is responsible for doing this
If you want to increase shareholder value, show us. Take action and fight back!
1. My weekly charts show coffee may be a week or two away from a large spike higher. It's tough to pinpoint because I went back 20 years on the coffee charts and haven't found another chart situation like the one that's forming. All I can say is it looks extremely bullish and a huge spike may be setting up in the next couple of weeks or so.
2. According to yesterday's report, serious damage has been detected in Brazil's 2015 coffee crop. Reuters is reporting that farmers and researchers are detecting serious damage to Brazil's coffee plants after a drought earlier this year and say farmers in 2015 could harvest the smallest arabica crop in a decade.
Combining my charts with some dire predictions coming out about coffee estimates going forward, I believe coffee is getting ready for a big surge in price in the coming weeks. That would lead to big hedging gains for JVA as well as increased margins on future sales. JVA may still have an outstanding 2014-15 as I had hoped when I invested in them earlier this year. Stay tuned.
Save it for somebody that cares. You have 20-30 aliases and bash to protect the world from pumpers, right? That is so noble of you, just like the people in Ferguson that are looting because they feel it is justified when all they are looking for is an excuse. The last time I was accused of pumping, the stock went up 420% in 2 years, got bought out and I retired 20 years before I expected. FPP will be bought out too, perhaps sooner rather than later but will not go up anywhere near that much unless they figure a way to double or triple their earnings. You can give as many thumbs up or down as you want and waste your days doing so, it won't change a thing.
There was a reason why 45,000 shares traded (mostly higher) in the final 30 minutes on Friday. We've already seen short interest freefall to almost nothing the past couple of months. Earnings have been great the past 2 quarters and GMCR is raising prices which should boost future earnings here. Let's see what happens.
rondo, van, abcvan11, van12, van15, and probably all the other van1....15 are all the same person. Probably just the tip of the iceberg as I'm sure you have many other aliases as well. You, van/rondo/et al have zero credibility and a serious disorder. Go ahead and give this 50 thumbs down and have fun logging and and out of all your accounts doing it. You should seek medical assistance.
Here is my insight. FPP is being manipulated. It has been since May. I have seen this one other time with a low float company. Someone is purposely lowering the price of the stock by placing limit sell orders BELOW the current price. Which means if you place a market buy order, the price drops.
When I saw this happen with the other company, I wrote to the CEO and told him that the only reason I could see why someone was purposely losing money by making the stock price go down was to buy his company. Six months after I wrote the CEO, the company announced it was being bought out. Everyone that thought I was crazy now thanked me for giving them hope to hold on because the buyout price, though lower than it should have been, was the highest the stock had been in years.
Why is somebody spending about 1 million dollars dumping shares at below market prices? Because it would save them perhaps 6-8 million dollars with a lower buyout price. FPP's market cap has fallen over $8 million in the past 2 months and it's mostly because of the manipulation by placing limit sell orders at lower than the market price.
I have seen this happen one other time with a very low float and low volume stock. It resulted in the company being bought out and somebody saved $10 million (my estimate) in the lower buyout price by manipulating the price of the stock lower.
I am convinced I am right. So far I am one for one when seeing this and knowing what was happening. Whether the SEC chooses to investigate this or not remains to be seen but I see every single day what is happening here and it is being done on purpose and is illegal manipulation. Ultimately, I expect a buyout bid to be launched but it may take many months to a year for a buyout/privatization/merger to complete itself because buying out a company is a complicated process.
At least I post as one person and have some insight. There wasn't a single basher here until rondo showed up and mysteriously 4 of them appeared at one time. I will stick with the truth, you can listen to the 5th grader and all his fake personalities.
It dropped from $6.40 to $6.29 on the very last trade at exactly 4:00. It's a bs trade. Volume was huge the last 30 minutes of the day,. 45,000 shares traded in the final 30 minutes. Not a mistake.
Oil goes up. FPP goes down.
Oil goes down. FPP goes down.
Market goes up. FPP goes down.
Market goes down. FPP goes down.
Earnings were not bad. Looks like the stock plunged 25% on someone's knowledge that Cimarex Energy decided to do pump upgrades this quarter which lowered output, offset by higher output from reworked wells.
I had to go back to 2008 when oil was $150/barrel to find the last time FPP was this extremely overbought/oversold. Even the manipulators will find resistance at some point before the stock recovers. It cannot selloff forever, especially because there's no reason too and there never was.
It means that GMCR realizes they have to pay more for coffee so they are caving and raising prices too. It also means that they will have to pay the higher prices and GMCR is 60% of JVA's business. However, GMCR's price increase isn't effective until November so the question remains: Are they still burning up their inventory or have they started buying coffee again from JVA and others and paying higher prices?
Ultimately, yes, this is good for JVA. This means higher margins and better earnings. Whether is happens this quarter or next is anybody's guess.
It is in the form of a symmetric triangle. Right now, JVA is at the very bottom of the channel. If the price holds or goes up from here, the pattern remains in tact.
Here is the updated pattern (computer generated)
Remember what I said about the stock specialist. They use tricks to get your shares. They slammed 22,700 shares on the ask yesterday and again today. Usually you don't see blocks that size for a stock with this kind of float and volume. The specialist could be using their shares to push down the price again to cover or to buy more shares at lower prices when people get disgusted and sell.
It is not insider selling, they would have to file with the SEC and now that the quarter is over, if they were selling with knowledge of bad earnings they would get into a lot of trouble.
I could be wrong, the stock shot up to $6.40 yesterday and people were willing to buy at higher prices but whoever is doing this seems intent on getting less money for their shares and selling below market prices. That makes me think it is intentional for the purpose of further short covering or some other purpose. It is doubtful that earnings have leaked, this kind of nonsense has persisted for a couple of months well before the quarter was even over......and the short interest has been plummeting the entire time.
Be prepared for an intraday release on Wednesday.
I spoke to the CEO of another small cap company very recently. I was under the impression that there were a number of market makers for his company but he said that there was only one stock specialist responsible for much of the trading. Given that, the specialist has a large inventory of the company's shares and can offer them for sale, legally naked short the stock or do whatever they want to create a "market" for the stock. One reason people like me use charts is because at SOME point, the market maker needs the buys and sells to balance out to maintain his inventory of shares. So for 1-2 months in the case of JVA, the market maker can use his own shares to push down the stock price or put up a wall where the price can't go higher, causing unsuspecting investors to give up hope and finally sell their shares. This causes the stock to become oversold and at some point the market maker needs to induce buying. Usually by lifting the stock price, buyers actually come back. They use many tricks but the bottom line is JVA has been oversold for a while and the market maker/specialist needs to bring back buyers to balance out his inventory of shares. That is a very simplified view of it.
AMEN! Couldn't have said it better myself. Just because a stock goes down doesn't mean it's broken, especially when nobody was really selling and the price was being forced down and the shorts were covering all the time. Now, today, the specialist is most likely out of his short position and finally on the long side. I expect JVA to get pushed right back up on low volume.