The history for the last several similar drops has been a slow recovery over several months
I would expect some good news at some point somewhere, but I don't know if that will ultimately be in the numbers for the 3rd Qtr? And we'll have to see how they manage their Q3 numbers
I think it may have some more to go as report perception was quite negative, and the 20 should go thru the 200 here shortly. I don't see the positives in place to offset that other than a 50% drop, and it is technically oversold at present.
For what it's worth tho, I was surprised by the drop it took technically with no "publicized" news. It didn't really ever come close to even touching the 20 after it broke down thru it in mid June.
Also, the longer it can stay at this lower level, the less oversold it becomes without increasing.
Long term, I think it goes back up, but for me, its not a stock I'm hanging out in to go thru these earnings failures, until something changes.
And I need a more fair playing field than this one, because low volume for the most part, and someone knew as soon as the quiet period started, and they were confident enough to control it all the way down
Cash and cash equivalents $13,612
Accounts receivable 3,079
Ore on leachpads, current 226,416
Prepaids and other 6,847
Assets held for sale 46,576
Deferred tax assets, current 16,760
Controlled by Money, who can make it do what they want, and when.
That's part of what makes the market so risky for the average market investor.
Someone's making nice money on this as it goes lower
Check out MXWL, last month all on no publicized news
They also know how to take advantage of Quiet./Silent period.
1. Quiet Period — The period beginning two weeks prior to the end of the quarter and ending the day before the quarter-end date should be observed as a quiet period with no general business discussions by management with analysts or investors. However, during the quiet period, the Investor Relations Department may provide answers to fact-based inquiries from analysts or investors.
2. Silent Period — The period beginning on the quarter-end date and ending at the time of the earnings release for that quarter should be observed as a silent period with no formal or informal business discussions by management with analysts or investors and no answers provided to inquiries (even fact-based) from analysts or investors. Exceptions may occur at the Company's discretion based on need to discuss breaking news or otherwise.
Well I'll do some research, but Im sure someone here knows already
What are the characteristics of this preferred stock
How quickly can it be sold?
To peak after the bounce from 3.45?
News, rumor, whatever…Nothing formal, no commitment, but they got it public
Its just the market, there are a lot that do this
A significant move up like that is met with short term profit takers, and the Short side big money knows it, and they pile on and take control, and drive investors with good intentions mad
Take the gains on the pops, or think years ahead while keeping an eye on it for the target you're looking for.
I believe it was the Rockstar acquisition, this was at the end of July:
Rockstar Consortium, with a portfolio of more than 4,000 communications patents, has struck a deal with a tiny public patent monetization company, Spherix (SPEX), that is certain to increase the already growing interest in public IP-centric companies, or PIPCOs.
Spherix, with a market cap of only $5M, said in an announcement that it has entered into a deal with Rockstar, one of the world’s leading patent holders, to acquire a suite of patents. The announcement did not specify the patents being acquired, or the number, nor did it disclose the terms of the transaction. The press release did state that Rockstar has agreed to become a shareholder in Spherix, and that Spherix intends to bring its first enforcement action on the Rockstar portfolio within 30-60 days.
“No decisions have been made by the board with respect to its response to Bison’s proposal,” NQ Mobile said………... “There can be no assurance that any definitive offer will be made.”………Really!!!
Still no report, and PWC Fired
NQ "carefully considered" the request, but "concluded that PwC's proposed procedures may create risk for the company with respect to the company's obligation to file" year-end regulatory forms with the U.S. Securities and Exchange Commission, NQ said in a press release Friday.
So it's ok to take their word for it!
"The company remains fully confident in all of its previously reported financials and filings as to their accuracy and does not expect any material changes.
Well, I don't agree, but because I don't trust the market. I believe its extremely manipulated.
If someone were able to promote a move down in a month of almost 40% on no news, I would think the chances of seeing a Form 4 would be good, but it could be a coordinated attack.
The Indexes overall are still very near their highs. A correction could be forthcoming, but if that were the case, this and maybe a few others, must be leading market indicators????
I showed a lot of patience here, so I thought, but they got money from me after crashing it to the 200 and below, so whoever it is…congrats….It can go up now.
There's too much risk I think with earnings, at least until next reporting period. They need good Rev, good EPS, and a good forecast. But after this move, some of this could be baked in…maybe we'll see how much.
But maybe they surprise? They are usually pretty good with their numbers.
But the other thing is that if for any reason at all other than pure manipulation, how much of this might be TSLA related given the last month.
AFOP fears me. Someone is doing a good job making you think they know something you don't.
I think... they are confident that they can still control it after earnings, because they won't be strong enough to overcome, but we'll see?
Good luck though
And its being controlled by the Shorts because of it, and overall light volume, hit will occasional heavy selling volume to manipulate, cuz they can
I have to believe its overdone at this point, with shorts capitalizing on the significant gap between the 20 and the 200. The company has not revised any numbers thus far either
I believe MXWL was 7th on the Nasdaq Loss leader Board. Those higher all had specific news I believe, where MXWL, still has had none
Piper Jaffray reaffirmed their position and price target on the stock, along with a few other Analysts
Could this really be a Naked Shorting attack that's accomplished this?
Horrible finish while major averages turned up a bit the last few minutes
BUT amazingly it did find the 200 Day, which I think is key. We'll see???
I'm surprised it made it there though thru this nearly 40% well orchestrated plunge