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.