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PDI, Inc. Message Board

betasplen1 165 posts  |  Last Activity: 17 hours ago Member since: Mar 2, 2004
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  • Reply to

    investor7777

    by betasplen1 Aug 14, 2014 9:18 AM
    betasplen1 betasplen1 Aug 14, 2014 10:49 AM Flag

    Speaking of attacking, I think you haven't spared a soul on this board. Quite amazing that you can't even reflect on that simple fact. Anyway, I look forward to the "massive spikes" in the stock price as you cover. BTW, I like the Ackman example. He is doing great with his HLF short. LOL.

  • betasplen1 by betasplen1 Aug 14, 2014 9:18 AM Flag

    OK, so you admit you are a short for a long time. However, something does not jive here. If you were so smart to see this years ago, shouldn't you be declaring victory now, take your enormous profits and go enjoy it at some beach resort or look for another FPE candidate to short next? The problems you describe with COCO applies to the FPE sector in general, more or less, and the DE has started investigating others as well. I know things stink at COCO right now but hello? - it is currently trading at 18 cents for a reason! The fact that you are here every day, trying to convince others that this will go to zero, makes me wonder if you really shorted in the dollar(s) range, where a few more pennies is not going to make that much of a difference to your short profits. It's like me taunting and insulting yous, saying that this will go to a buck when it is at 85 cents and I bought at 19.6 cents.

    Is your ego so big that you don't mind risking some or a lot of your profits when the sale is announced or if the company continues to operate as a smaller school? Better still, why not re-short, if and when it hits a buck if you think the euphoria is created by retail schmoes like me? I think you will most probably regret not taking your profits and riding into the sunset and instead fighting with "little minions" here over a few pennies. Haven't you seen the price action of BK, near BK companies in the past? They always run a few 100%, especially if they have a large short position, no matter how crazy it may seem. Heck, many companies clearly state that their shares will be worthless/canceled and they still run 400% on short covering! COCO is not acting like a company ready to close its doors. They are filing with the SEC, still recruiting new students and defending their actions respectfully with the DE. Like they say, bulls and bears make money. Pigs get slaughtered. I am done with my platform speech for you. Over and out...

  • betasplen1 betasplen1 Aug 13, 2014 4:12 PM Flag

    Let's just stop the bottom talk. Who knows? I rather talk about the top. It will make 18 cents look like a real steal - that much I can say :)....

  • betasplen1 betasplen1 Aug 13, 2014 3:42 PM Flag

    I did see the bad math as well but just wrote it off as an oversight by the reporting media though it was repeated a few times. I was going to say they could at least operate as a 10 campus company but it did not seem to make sense after hearing about the doom and gloom. But you are right. Math is either right or wrong, nothing in the middle.

    I see a distinct parallel to DOLNQ. They had more assets than liabilities too but management wanted to steal from the shareholders and take it's only viable subsidiary private while leaving nothing for shareholders (canceling shares). The news caused a drop from 8.5 cents to 2.3 cents. It based there for a while and then fell inexplicably to 1.2 cents on low volume, only to rise back to 15 cents on no news, no short covering and despite the company insisting that shares will be canceled. COCO has a lot more going for it obviously and is trading at exactly 10 x DOLNQ's price pattern. Does that mean $1.50 is in the cards? Maybe but I'll take 85 cents.

  • Reply to

    remember 1.00 by end of month....promised

    by southi25 Aug 13, 2014 1:19 PM
    betasplen1 betasplen1 Aug 13, 2014 3:05 PM Flag

    southi, who promised? Is it you? I shall send you $1000 if that comes true. No kidding here.....

  • Reply to

    I have limit order at 10 cents

    by bluewhistler69 Aug 12, 2014 9:16 PM
    betasplen1 betasplen1 Aug 13, 2014 2:55 PM Flag

    jd, if you are honest about that, then thanks for the wishes. I was referring to comments from you today like "what if other states block funding like Calif? All the rest likely to follow" or "somebody is unloading a ton" or "actually I'm not so sure after reading this news if I'll ever get in. Very very risky...". Sounds like bashing to any averagely intelligent person. No need to defend your comments. Feel free to say what you want. But to do it and say you want to buy as well is disingenuous in my opinion

  • Reply to

    I have limit order at 10 cents

    by bluewhistler69 Aug 12, 2014 9:16 PM
    betasplen1 betasplen1 Aug 13, 2014 2:32 PM Flag

    Let me clarify. 90% chance IF there was no semblance of good news for a while. I didn't want to play the IF. Since my current position is almost double what I originally intended to get, my strategy is to sell half the position at 38-40 cents and sell the free shares in lots for every 5-10 cent increment thereafter. Sounds like pie-in-the-sky right now but just as violently as it fell from 85 cents, it can easily get back there in a hurry with the current short position and some good news. MMs love to make money each way. The 3 day fall from 18 cents to 14 cents and back up in a day is a microcosm of that principle. About the market getting it right each time - it does not apply to BK or near BK plays. The high short ratio as well as the extreme oversold conditions lead to violent swings both ways, regardless of the fundamentals...

  • Reply to

    I have limit order at 10 cents

    by bluewhistler69 Aug 12, 2014 9:16 PM
    betasplen1 betasplen1 Aug 13, 2014 2:17 PM Flag

    jd, I think you made your point. You want to buy at 13 cents or less. Or is it "wanted" now? Anyway, why bash with the hope to get it down there? If you are really moving on, move on. We don't need to hear another paper trader bragging about his huge profits....

  • Reply to

    I have limit order at 10 cents

    by bluewhistler69 Aug 12, 2014 9:16 PM
    betasplen1 betasplen1 Aug 13, 2014 2:08 PM Flag

    Besides, if the strategy was to catch the bottom - you should have put a stop loss at 20 cents because there was a 90% probability of testing 15 cents if that breached. I knew that but decided just to average down if it happened because any good news and this is back above 50 cents. Didn't want to take the chance of being left out again, trying to catch the bottom...

  • Reply to

    I have limit order at 10 cents

    by bluewhistler69 Aug 12, 2014 9:16 PM
    betasplen1 betasplen1 Aug 13, 2014 1:52 PM Flag

    That's what I did with DOLNQ, VELTF and the list goes on and on. And I got shut out of 500% gains each time and took a loss instead. And COCO's position is a lot better than those. Not making that mistake anymore. I just used this opportunity to get my cost basis below 20 cents. If it goes back down, I will just add more. But that's just me...

  • betasplen1 by betasplen1 Aug 13, 2014 1:10 PM Flag

    of the 8-K was comical this morning. The article was using boiler plate language to fear monger again. Apparently, you can only squeeze so much blood out of a stone and the reverse effect took hold. But I liked the part about the "accelerated sales" :). Maybe I don't have to wait till Dec....

  • Reply to

    "dead cat bounce"

    by clockwinder Aug 13, 2014 12:49 PM
    betasplen1 betasplen1 Aug 13, 2014 12:58 PM Flag

    It could be an excellent short at a buck if you can borrow some shares when it gets there.

  • Reply to

    I have limit order at 10 cents

    by bluewhistler69 Aug 12, 2014 9:16 PM
    betasplen1 betasplen1 Aug 13, 2014 12:55 PM Flag

    I get a feeling you may not get your wish. Just a wild guess :)...

  • betasplen1 by betasplen1 Aug 13, 2014 9:48 AM Flag

    For a company that is supposedly not going to be there in it's current form in 5 months (Ticker: COCO), they are going to great lengths to keep their filings up to date and inform shareholders of their week-to-week communications with the DE. Nothing new in the filing. They are still receiving Title IV funds (latest one was last week) and are still on watch for further disbursements. Hope to get some in the 13s today since nobody else is buying (or covering) as some more traders are being stopped out. BTW, I am jealous that blue is getting more thumbs up than me for re-posting my post from yesterday. LOL! BTW, reason No. 8 was supposed to say RSI of less than 10 - which means super, duper, extremely oversold in the technical world.

  • betasplen1 by betasplen1 Aug 13, 2014 8:37 AM Flag

    Using last quarter's net income of $1.48M and multiplying it by 4, the forward PE is just 1.7! A PE of 50 is reasonable for a mining company growing at this rate. In other words, about 50 cents per share. They need to up-list to AMEX as this is an insane valuation. With so much restricted shares still locked up, I would think management would like to maximize the valuation for their interests at least, if not for the shareholders. Still not a squeak on what they are going to do about the stock price other than dividends which are useless at these prices.

  • Reply to

    I have limit order at 10 cents

    by bluewhistler69 Aug 12, 2014 9:16 PM
    betasplen1 betasplen1 Aug 13, 2014 7:52 AM Flag

    Sure looks like 10 cents is in the cards. But I am going to be buying at 13-12-11 too just in case it doesn't...

  • Reply to

    Absolutely awful. 15 cents? 15??

    by heshamkhalfan Aug 12, 2014 10:13 AM
    betasplen1 betasplen1 Aug 12, 2014 3:25 PM Flag

    Some reasons for a long thesis IMO. I am sure there are more but here is a 5 minute take...

    1) They have another 5 months to sell the schools. So, BK is not on the table.
    2) No delisting threat till end of the year, so no knee jerk reaction to OTC listing.
    3) COCO keeps receiving money from Govt while they look for buyers. New students are still enrolling. PE is around 1!
    4) Short position is huge with 24.5M shares. Very high probability of a squeeze on any hint of decent news.
    5) Perhaps Govt may back off from selling the whole company if COCO shows that they have been a good boy while under supervision?
    6) Current market cap is less than $12M!
    7) The total volume has been only 11MM shares under 20 cents and 167MM shares over 20 cents since the news broke. So, this 6 cent drop is fear induced retail action on no news and stops being taken out.
    8) RSI

  • betasplen1 by betasplen1 Aug 12, 2014 2:55 PM Flag

    I read some of your posts and you sound very knowledgeable about the wireless industry and about Sprint as well. About the price war, I am thinking they won't take that big a hit on margin, if any at all. Yes, their revenues will drop. But the bottom line will improve because I believe they will abandon the phone subsidy and offer $25/month plans with unlimited data to kill TMUS and make T and VZ sweat. Their breakeven will be much quicker with this plan than with the $400-500 subsidies they were doling out with the iPhone and Samsung. Sure, the phone vendors will take a hit since the market will go for used phones. But it's a free market. That's a huge expense reduction in my book and the drop in revenue will more than be compensated by the droves of subscribers jumping from TMUS's "no contract" ship. What do you think?

  • "On July 2, 2014, the Company received a letter from The NASDAQ Stock Market ("Nasdaq") stating that the bid price of the Company's common stock for the last 30 consecutive business days had closed below the minimum $1.00 per share required for continued listing under Nasdaq Listing Rule 5450(a)(1). The Company has been provided a period of 180 calendar days, or until December 29, 2014, to regain compliance. The letter states that the Nasdaq staff will provide written notification that the Company has regained compliance if at any time before December 29, 2014, the bid price of the Company's common stock closes at $1.00 per share or more for a minimum of ten consecutive business days.

    In the event the Company does not regain compliance by December 29, 2014, the Company may be eligible for additional time. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for Nasdaq, with the exception of the $1.00 minimum bid price requirement, and will need to provide written notice of its intention to cure the deficiency during the second compliance period, by effecting a reverse stock split, if necessary."
    ---------------------------------------------------------------------------------------------------------------------------
    So, we won't go to the OTC before getting the news of the sale after all. So scratch that comment on my earlier post. The company can extend that if necessary but we will have a decision on the outcome by then. BTW, the short position is 24,544,835 shares as of 7/31/14. Only 750K shares covered over 2 weeks. Plenty of nitrous for liftoff when the time comes...

  • Reply to

    Absolutely awful. 15 cents? 15??

    by heshamkhalfan Aug 12, 2014 10:13 AM
    betasplen1 betasplen1 Aug 12, 2014 12:02 PM Flag

    Actually you got me thinking there. I own 0.48% of the company now! Yikes! May get close to 1% if this nonsense keeps going! Good thing I don't have to file with the SEC anytime soon....

PDII
2.50+0.01(+0.40%)Sep 19 4:00 PMEDT

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