It's been rough. I held to the 52 week high, saw it fall back, thought maybe they'll pull it out, definitely wrong. :) The woulda shoulda coulda had me hurting on that one for a few weeks. Leaving around $100k in profit on the table. Especially since at the same time I held another stock to a 52 week high that was cut in about half almost over night. That one is back and then some so I got over that quickly. But geez, UBNT used to have strength and a lot of enthusiasm backing it. At the time a buyout didn't see probable because they were typically well over $40 and getting pretty pricey as it was. Now that they're struggling to keep above $30, it seems someone could come in around $45 and Pera might just take the money and run. I'm not saying that will happen, but it is certainly more likely these days than ever before, or at least since their original counterfeit issues a few years back.
I'm already in around $120k in the company so I'm not throwing any more money at them, but congrats to anyone who was able to pull a 10% swing on the overreaction.
Could be. But really it was down 15% AH yesterday and not too many shares. Just another day with more sticking it to UBNT. Really though, investors are looking for any reason to bail on companies and UBNT has been doing their best to get investors to bail.
It was May of last year, but given how much he moves around, he is probably always looking for another job. I had posted on here about a distributor not having stock. He got my email through Yahoo and contacted me to ask me what was going on, and in a not very polite way. That resolved soon enough and then I brought you up. He had this to say about you: "I poke my head in there once in a while just to see what is going on and mostly it is a mess. Poon is a clown and I wish someone would piece together all of his trades and calls. Half the time he posts - this POS is going to $25 by the end of the week. I know he is a habitual liar with revisionist history. There is one or two on every board. I wouldn't be surprised if he didn't have multiple ids." So while his attitude and some of his language in other emails wasn't really impressive, he certainly has you pegged.
it's funny this Craig Foster is the guy that resigned. He seemed rather unprofessional. My interaction with him actually made me feel that maybe UBNT wasn't all I thought they were. He wasn't what I expected from someone in his position.
It was around .40-.50 cents when they took over. They secured the loan from the Chinese investor, and put people in charge that are only going to really make any money until the stock is well north of $7, and they've made it clear they won't allow for further dilution.
This company very well may not make it, but they're doing a lot more than the other guys were doing. The other guys, who you may remember, claimed the company was bankrupt, out of money, and were ready to close it down. Probably just to help their short position along...
Yes, the one advantage this penny stock biotech has a chance is that those that tanked it are no longer there. The ones with a vested interest in the company are now in charge. The last BOD didn't care, clearly. I wouldn't be surprised to find out they shorted a million shares each at $10 and closed out that day last year when they released a statement that the company was out of money and filing for bankruptcy.
Cause certain people or groups just love screwing with this stock. The idea of leaks and other types of sinister activities are over the top. Some stocks get picked on, this is one of them. They're struggling to find some good footing and traders are taking advantage of that fact.
That's really how I look at it. I was going to sell it last year for a major loss, but decided to cut and run on another stock. It's worked out so far as the other has continued to tank and this one is up 500% or whatever since that time. But yeah, if it tanks again and tanks for good, I wouldn't be surprised. If it quadruples in the next two months, I wouldn't be surprised.
I'm an HZNP long, sort of long, only sold since $2 because of the forced sale with the inversion. With that said, I'm surprised this hasn't dropped since this last big climb. This is one hell of a strong stock right now.
I put in an order to sell at $26 this morning and surprisingly ended up a few cents short. Hopefully this does end up getting squeezed tomorrow though. There should still be plenty of shares short.
Well, good thing there is always tomorrow, and the next day, and the next day after that, and so on.
I believe this statement from you is actually accurate. It appears to be quite easy for you to make all sorts of predictions and only about 5-10% actually come true.
Ha, me too. Not a millionaire, but I probably missed out on a good $90-$100k. The stock market is all woulda shoulda coulda every day. Can't think about it too much. Enjoy the gains you do keep and strategize best you can with the losses.
And of course, never listen to poon tang.