AFLOP missed by $700k in revs. Really does this equate to losing over $166 million in market cap? Plus, it did great with profit margin and earnings...beat. So this POS was destined to be clobbered regardless. Any excuse wasn't necessary. In fact, listen to the conference call and Hubbard said the customer that caused the shortage resumed "normal" buying the following month.
So suckers lost $22 to $12 on a good earnings release if you read between the lines. But instead, AFOP was pumped and dumped, insiders dumped millions of shares themselves, and the shorts pounded the AFLOP like scorched earth. Blood was in the water. Short interest just too high feeding the liquidity going up. Once these folks exhausted and dumped along with insiders, AFLOP was going down just like I said and profited from. As far as going back up, I don't think AFOP has anyone interested in 21% nosedives (2 within 9 months) nor a story of growth and it has insiders now on record for dumping over 50% of their positions. CFO has sold out! So I'll follow insiders here. Comps just won't look so good going forward and Chang et all know it. So enjoy these pukey flare ups in price, you're probably very alone and find next to zero volume short of some Fraud St. computer betting against you suckas (again).
and manipulate this junk all over the place.
Nothing has changed. This is nothing more than taking all the shares from $13.20 and delivering them to shorts covering. Trust me, if you weren't covering in the last few days, you had too much and were over-shorted. Any and all covers were filled regardless of size. So once this covering is done, AFOP will resume its normal AFLOP programming--down with lack of shareholder quality/support. So just avoid it. In fact, i it gets high enough, short again. Just look at the rest of the fiber stocks, they're going nowhere but lower. FNSR, CLFD, JDSU, OCLR...none of these are moving higher and the general markets are teetering on disaster.
After this last pump and dump, AFLOP has no shareholder base. Look at the names and small positions holding this junk now. Even insiders dumped millions $20+. Next, look at what the shorts can do to this POS in less than a month and thereafter in one day! Then, look at the concentration of a few large customers and what their buying whims does to the stock price. Imagine if things slow??? AFLOP will be single digits again circling the drain like it's spent most of its failed-IPO existence. Frankly, the company has no diversity in product or customer base which makes it a strong avoid. There's simply no catalyst with the stock. Great fundamentals and results but there's simply nothing to drive the stock higher and keep it there. So market makers and I short right into the fray and exuberance when no one else wants to sell going up, and then when the drunken stupidity stops and reality sets in, we all gain 45% in less than 2 months. It's flawless, trust me.
SHORT SELLERS own AFOP's price. It's 100% controlled by them. Trust me. Trading this junk other than short, you'll probably lose money unless you're an insider.
Twice now this POS stock has collapsed 21% after good results. And this 21% is one day after the stock falls 30% or more from the pump-to-dump high. Yet AFOP has over 50 consecutive quarters profit and record annual sales/earnings for last couple years. And now it has an 11 p/e! LOL!! At its peak it maybe carries a 15 p/e...forget forward p/e. Sure Q2 results were a bit light ($700,000 miss) on revenues, but there's a lot to be overwhelmingly happy about including higher earnings and profit margin. Frankly, longs should be #$%$.
So coming from someone that shorts the bleep out of AFOP, I'm warning you again to stay away. There's nothing here. If anyone knows when to go long this rubbish, it's me. In fact just look at insiders dumping millions of shares above $20. They know what I know. They knew because I've posted it here so many times on this board. Besides, did I ever say I didn't buy shares circa $11 last time? I know I posted I covered...gee I wonder if I bought shares after covering. Hmmmmm. lol For sure I know I posted I started shorting again at $19. Bwhahhahahaaa! Yeah, I don't post everything I suppose. Some times it's just best to wait in the weeds and laugh in silence. I know when AFLOP pumps to dump. I'm keenly aware.
Well, anyway, as I stated awhile back, comps have caught up and the high growth is gone. Dead money now. Couple this with flat guidance and insiders DUMPING $20+, there's no future here. More dangerous now is the fact that any one big customer could halt orders and AFLOP gets crushed. Without solid shareholder support, there's no bottom when there's no one to defend/support the stock. Clearly once AFOP pumps to dump, the support is gone and that's why this POS tanks 21% in one day and 43% in a month.
All the big holders are gone leaving old pumped-n-dumped AFLOP swinging in the wind with no support. Not even FNSR with its miss cratered like AFLOP with good result albeit small revenue short-fall. Clearly everyone wants out of this junk and the shorts are pounding it.
This stock is done. Holders pumped to dump it and now it's being sold down to unsuspecting fools. Sure, I didn't call the $11 to $22 re-pump to dump, but I sure rode it down from $22 to $13 and we're just getting warmed up. See you at $9...I'll leave a light on for you near that BIG gap in the chart.
Chang holds 1.4 million shares which is not even 10%. He sold over 50% of his position in the last year. CFO sold out. You're in complete denial of the facts and losing money hand over fist holding this now.
Sure AFLOP went from $11 to $22 but AFTER it fell from $24 to $11! And here it is right now after two pumps to dump. Holders are gone including insiders with more than 50% sold. Face the facts.
The fall has just begun.
Don't you wish you all sold like insiders at $21+? Millions of shares they dumped. They knew.
Volume has dried up. No one is touching this garbage after two massive pump-n-dumps, insiders dumping millions and 40% collapse in the stock in a month. Another AFLOP disaster...just like I warned.
AFLOP is nothing but a turd stock heading down with the last great stock bubble bursting. Insiders knew which is why they dumping millions of shares at $20 and higher. Poor baggies and pumpers. They're right back to where we left off in Feb only this time comps aren't looking so good and Chang has lost credibility.
Just as I predicted.
Insiders were dumping for a reason. Really I don't care what results AFLOP reports. The stock is junk. NO ONE wants to hold it especially after witnessing insiders dump millions at $20+. The CEO sold over 50% and most insiders are darn near sold-out...just in time to start doling out millions more in stock options and dilute baggies even more than the 40% diluted already. Nice!
It should never have rally back from $11, but hey that's what pump and dumps do! Insiders sure enjoyed dumping their garbage at $21 all year long! How y'all like Chang and insiders now? Bwhahhahaa!! I told you they all knew what was coming and what I've said for over a year now. When comps catch up, BAM!
waiting for nothing! The stock is over 40% diluted since the IPO and less than 50% of the IPO price now! LOL What don't you fools get?
I don't think AFOP got too big for its britches. It's purely a POS stock that's never carried a premium valuation. So when it pumps, it's going to dump. It's 100% guaranteed same pattern over and over. Rinse and repeat. Anyone holding this junk deserves to get slammed. You ought to know better after looking at history and the witnessing INSIDERS DUMPING millions of shares.
So yeah, don't forget the stock pumped to dump the last time to $23.94 (52wk high) before collapsing EXACTLY like I said last year to $11. Yes, it re-pumped to re-dump from $11 to $22 and came as a surprise to me, but it's consistent with big holders getting the efff out of this POS stock. They knew with insiders dumping heavily they were in over their heads.
Well, insiders dumping millions while Chang was ringing the Nasdaq bell was just icing on the cake and every reason to avoid this junk, period.
Don't buy it long. Don't be a victim. This stock is NOT likely to pump again for a loooooong time, if ever. And if it does, it'll dump without warning again. Too many people have gotten badly burned now and as history shows since the IPO over 13-years ago, it's junk. I've warned you all many times and here we are.
The shareholder base is destroyed. All the quality holders are now gone and ironically the largest holder is probably a short seller!
It's truly amazing to watch this POS collapse and there's absolutely ZERO price support. Actually, it's not a surprise. It's highly consistent with the pump and dump shenanigans I've witnessed over many years. The stock never carries a premium valuation because it's junk. I don't care how the company performs, it's junk. Sure Chang missed on revenue guidance, but a 40% crash--of which 30% came before release? And this was only revs coming in short by $700,000 and ignores margins grew and earnings were up very nicely. Doesn't matter. The stock is nothing but a pump and dump pos that should ONLY be shorted. Once again, BFG nails it! $$$$$$$$$$$$$$$$
Chang even rang the Nasdaq bell to signify this is as good as it gets. Now the stock is 40% lower.
Bwhahahahaahhaha!! Insiders suckered you all again. Pumped and dumped. This stock is terrible and exactly why you compare the IPO--the lifecycle of the stock--to its performance over time. And herein lies the truth: AFLOP is one garbage POS stock.