For the last 30 days this stock has trended down. There have been very few up days, and I think it is being played. It appears that a hedge fund(s) are shorting the hell out of BOJA. It would be incredibly easy to do, the float on BOJA is only 1.6 million shares. That is an amazingly low number of shares, most small companies have at least 90-100 million shares to trade. All the talk about BOJA being so much more of a value than SHAK, a $65 price etc aint gonna happen unless we put a stop to it. How? Register your shares in your name, then they cant be loaned out for shorting. Call your broker it only take a few minutes to do.
Looking for a good day tomorrow, CHKP beast afterhours. CYBR should announce earnings in aug, I just cant find the date. I will say this, somebody is really playing with this stock. If you watch it trade on Level II all day, it is being run up and down mercilessly. Ive been trading on Level II for a long time, you can see the way the mm's are jumping off the bid that games are being played. I posted on this a few days ago, an stock with such a low float like CYBR can really be #$%$ with by a hedge fund(s). If you are long and think this company has a good future like I do, call your broker and register your shares in your name. Then they cant be lent out for shorting. If enough people do this, you can force these guys to step in and have to cover their shorts.
Reading thru the report, I just wonder what it takes to satisfy some people. Yeah Ive been in the markets a long long time and I know it runs on fear and greed. But Christ, Apple posted sales numbers that were 30-50% better than last Q, that just doesn't happen with a company this size. Those are start up tech company numbers. And still people dumped it. Hey no worries, I sold 2/3 of my position before the CC just because APPL has a tendency to dump even if they announced they could mint gold from sand. Im still long from $124.70 and will hold those because this stock will go higher.
After AAPL spent 2 weeks trying to break 132, I bought 100 at $123 on the pullback of 7/8. I kept buying small amounts cause I wasn't sure it was even going to hold that level. Im talking 20 shares every other day or so. Finally ended up with 300 shares. I sold 100 at 132 the day before earnings and 100 at 131 before the close on 7/21. I did this because I read how APPL has a tendency to sell off despite good earnings. I kept 100 to ride, with a cost of $124.70 on those. Not worried, it was a fantastic report, and we should move back higher soon. What people don't realize is that its virtually impossible for a company the size of Apple to increase their numbers by 30-50% and yet they did this and people still dump. Fear and greed.
CYBR has everything going for it. Its in a sector that is high in demand. They are acquiring more customers, they have $191 million in the bank and 0 debt. On the last conference call, the CEO said earnings would be up, accounts would be up, EPS would be up...you couldn't ask for a more positive CC.
So why is this stock down most days lately, even when the DOW and NAS are up? I believe it is the work of hedge funds shorting this stock. I have been in the markets a long long time. And I have seen this before with low float stocks. CYBR has a float of only 21 million shares....that is extremely small. A hedge fund with large amounts of cash (or several funds) can easily manipulate the price. Example: Years back I owned a stock called E-research, ERES, and it was just like CYBR with a low float. And the same action, down every day. Finally the CEO issued a letter to all shareholders urging them to REGISTER THEIR SHARES. If the shares are registered in your name, they can not be loaned for shorting. It only takes a minute to do, call your broker and do it. A few days after the letter was issued, ERES started back up and ran up big, in effect registering your shares creates a short squeeze. The ERES CEO was a guy who was devoted so this shareholders.
Remember a few years back, when the CEO of Overstock complained that funds were shorting his stock into the ground, and in fact were naked shorting it to death. Naked shorting is where you don't even borrow the shares to go short, and is illegal. However it still happens. Overstock had a float of 50 million shares, but there were 80 million sold short! I believe this company is solid and Im in for the long haul. If you are also then call your broker and register your shares. Stop this BS from happening, it only takes a few minutes of your time.
BOJA has only 35 million shares outstanding. Of that, there are only 1.6 mill in the float. That is incredibly small, astronomically small. No clue yet as to how many are shorted, probably not too much since it hasn't been public for too long. But look at SHAK, it has 6 mill shares in the float and half those are shorted. And you've seen how SHAK has rocketed up in price. BOJA could do the same, restaurant stocks are hot right now. BOJA could very well be a Son of SHAK. Im in and sticking around to see what happens. The quiet period ends tomorrow, we could see upgrades etc plus positive comments from management.
The latest news item for DNR is dated yesterday, from the street dot com and says DNR is trading up to $8.64 on rising crude prices and lower rig counts. The high yesterday was $7.43 so I have no idea where Cramer's rag gets its news from. Maybe they are on drugs or.....is it a omen to the future? Here is the link:
Big Oil is looking to expand and no better way than to buy up small companies like DNR with established wells, pipelines and customers. Look at the big move today, plus every insider bought at MARKET PRICES a month ago. They were not given shares/options at $1.50 a share.....they bought at open market prices, all of them paid $7.21 for their shares. They know what's coming, if they are willing to buy heavy at this price I see DNR selling for no less than $14 a share. And it wasn't just 1-2 insiders, all of them bought.
I don't think setting a high price works. The only way I know that works for sure is to register the shares in your name. Right now they are in your brokerages name. I once owned a great stock but it was getting worked by some big hedge, running the price down everyday. The CEO sent out a letter to all shareholders urging us to register our shares. Bamm instant short squeeze and from then on the stock kept going up. Register your shares, doesn't cost anything.
the #$%$ of all these shorts, thanks again guys for another MONSTER day on the long side. I would have covered before earnings, but I guess they figured all their data about valuation, same store sales etc would cause SHAK to sink. They forgot one thing, the trend. And the trend is being propelled by you guys, pushing it higher and higher. SHAK is not even vulnerable to Cramer. Cramer was pounding the table to buy SHAK, which is usually the kiss of death. Nope, not here. SHAK didn't even blink at the Cramer buy call, $100 is well within the next two days at this rate. And SHAK will just keep going progressively higher each day as you cracker heads try to cover. Up almost $5 yesterday, $6.22 today and who knows about tomorrow? I agree with you, its not worth this price....but Im not fighting the trend and Im sleeping just fine. Cya at $100 on Friday.
You can throw all the numbers and data out here that you want, the bottom line is that this stock is drastically shorted and it keeps pushing the price higher. I agree, its not worth current prices, but Im long because that is the trend. You can keep on telling yourself that all this doesn't make sense and keep hoping it goes down but all the while youre losing money day after day. You will be right, but dead right....as in dead broke.
That's all these short players keep yapping about. SHAK is overvalued, each location now worth $Trillions!!! And youre right, but you keep forgetting one thing: the trend is up, and the trend is your friend. Up almost $4 again yesterday, with $80 staring it right in the face. And the trend is going to be up for awhile because you idiots have shorted this stock to the max. Very few shares to trade, almost half of them shorted....where you gonna find shares to cover? Your own stupidity keeps pushing this stock higher. So keep crying about how much each franchise is now worth, how many burgers they will have to sell etc. You guys are right, but you're losing your #$%$. Im wrong and long and laughing all the way to the bank.
Youre right dude, I sold the first minute of the open, got 77.26 and was gone. I left for most of the day and was shocked when I saw how they had dumped SHAK down. Not many stocks gap up and then sell off 12 pts on real good earnings. But I am long BOJA for the last few days, it could be Son of SHAK.
CYBR has had a nice runup, now its basing like all stocks do. Nothing goes straight up, relax. Look at charts, tons of charts and you will see the pattern. We will trade sideways for a bit and then take off again. The CC last week was one of the best Ive ever heard, there is no downside to the business and future. It will happen, just chill.
I sold all my shares at 77.26 right into the opening surge. Left for the day and got home for the last 1.5 hours. I watched as a certain market maker just drove this lower and lower, brutal, there was no logical reason for it do dive the way it did. Not with all the buying, but he would not take it higher. Im sure he was filling a large order, and with such a small float no other way to do it. No worries, Im back in at end of day. I will ride it back up.
Im long SHAK 1500 shares avg cost of $61. This morning SHAK is going to rocket up on great earnings. Why? Because its the same situation as BOJA. Extremely small float and 38% of that float is shorted. Watch today as they scramble to cover and no shares are available, it will be an ol fashioned short squeeze. Im also long BOJA as of two days ago. Restaurant stocks are hot, and BOJA has even better earnings than SHAK. Give BOJA a couple months and it could triple also.
And you think somebody knew something because SHAK moved up 3 pts in that last 60-90 minutes? Do you realize the float is only about 6 million shares, maybe less? Such a small float stock always moves big when buyers/sellers increase. Do you realize that this stock is 38% shorted? So of that 6 million shares that trade, over 2 million are shorted. Im sure it was shorts stepping in to cover their short when they saw SHAK was not tanking. Those that did not cover are getting reamed today. I would not be surprised to see SHAK hit $80 today. Every short will want to buy, and the lack of shares will just push it higher and higher. Its going to be fun to watch.