come on martik, elpaso is right on. i believe you even said it yourself before the earnings release that this will be the test of whether they are really growing or not. and clearly they are not. they are sinking fast at a time when this SHOULD be the sweet spot for growth. i warned all of you right after earnings were released to sell at $2.40+ because you were all lucky it wasn't significantly worse at the time. this is heading towards $1. you can't sit in denial and say they are bad at projections. its not that complicated. if their revenue projections are accurate, then they won't meet their profit objectives other than through smoke and mirrors and that NEVER sits well with the street. there are thousands of stocks so what sense does it make to stick with one that is not growing and not competitive in their field?
i initially wrote yesterday within a few cents of the high that this stock is going to drop from there and i'm here to tell you again that this stock is cooked. the significant drop in revenue should be a warning sign that they aren't going to be able to compete in this environment. it wasn't going to take much to grow revenue as small as they are and it didn't happen. mophie must not be adding ANYTHING to the top or bottom line, or very insignificant. that should raise red flags on any and all of their press releases if they don't specify any dollar amounts of these contracts. bottom line is this is one of those stocks that will show a PE of 2 or 3, but rather than that being a sign of value, it should be construed as a warning sign of their future viability.
revenue DECREASED! these types of reports get crushed. the only reason you're seeing these bids is because some short sellers are taking profits. in case you missed it, in the last week or so, there were a lot of shorts up in the high $2's. today is their payday.
you guys are nuts if not selling at these levels. i can see waiting to try to get top dollar, but you can't sugar coat how TERRIBLE this report was. of course they are going to tell you things in the cc to try to make you feel better. the bottom line is they missed by a mile and are shrinking, not growing.
and how they met on profit with all of the stated headwinds is fishy and leads one to believe that you can't believe it because its a chinese company. get out of dodge on this one.
if you longs had listened to me you could have bought over 10% more shares than you sold last week. however, i'm going to change my advice. don't buy back yet today. give it a week to HOPEFULLY bottom out. it may take longer.
i told ya to run for the hills. buy back monday at about $2.10. i'm not sure why anyone would want to own this company right now anyhow after the fiasco they pulled with a lowball priced share offering that, oh yeah, the CEO was buying into.
they already preannounced a revenue miss. makes no sense at this point to hold into earnings. if you like the company/stock, buy it back cheaper after the earnings miss.
when was the last time MCD served breakfast for dinner? oh, that would be never. brilliant move in this health-conscious world. eggs actually have health benefits as opposed to fried chicken tenders or greasy burgers.
all an earnings beat will do is raise the question again about how much they are gouging consumers on the pricing of their drug. its a no win situation.
the upside is extremely limited even if they beat due to the scrutiny on drug pricing and the downside is HUGE if they miss. see AMAG and ANIP this a.m.
what's he going to say? "yes we've increased the price of these drugs by over 1000%, and regulators are figuring out that they don't like that. we're waiting for the knock on our door, but so far there hasn't been one."
how many times has a company announced they are looking for a suitor only to realize later that it was purely a ploy to move the stock higher? i think fairchild saw the M&A activity going on around them and decided to try to get a bump out of it.
DEFINITION of 'Dragonfly Doji'
A type of candlestick pattern that signals indecision among traders. The pattern is formed when the stock's opening and closing prices are equal and occur at the high of the day. The long lower shadow suggests that the forces of supply and demand are nearing a balance and that the direction of THE TREND MAY BE NEARING A MAJOR TURNING POINT.