Sure, I'd buy 1 million shares here at $1.44 if I thought that would induce some suckers to buy the other 4M I'm trying to unload! Heck, give me 2 million! How many times will we witness this pump and dump nonsense? GM did a massive pump to $.90 and even stayed there right up to bankruptcy and all the misguided fools got $0. Nada.
Just look at this pos since $43. Then listen to what I said. Then ask yourself with $1.44 remaining, could I be this stupid to buy this ponzi rubbish? If you're still unsure, the answer is no. Avoid it. Management is going to blow 7 kinds of smoke just to keep this Kursk from sinking to crush dept and beyond death bed financing vultures. There's always some remote chance KD or someone might limp it, but I doubt it. I watched billionaire Paul Allen bankrupt Charter Communications. Added that to his resume like it was some award. Pathetic.
If AMSC were to get "saved" by some other company like Bear Stearns did, it'd be lucky to top $3. $1.50 down vs. $1.50 up is not worth the risk. And I seriously doubt anyone wants this cesspool with its glaring history of $825 million in losses and stamped "failed business" on it forehead. After two decades to nowhere, folks, in my opinion it's time to say bu-bye to the American Super Con-job.
Just have everyone on the board spam-flag his id and yahoo will delete it. That's what he did to DJ's id on FNSR board. DJ posted nothing but facts but the board bully monkey used all his multiple id to get the id deleted by Yahoo. Return the favor to the little board runt. He doesn't respect free speech or opinion, this is clear. Right, wallisweenie?
boulder_rider, indeed Jimmy, allarndproducts and troutwilleatcrow are fine example of a nubs that shouldn't be trading AFOP. All the pumpers on this board give the word "amateur" a bad name. They ignore every risk and negative data point a stock has against it, don't value facts, don't even know where to find facts and frankly are ill-advised, under-equipped, inexperienced in finance/accounting/investing and just plain terrible traders as we just witnessed. Look at what just happened after I said sell AFOP and warned of the coming drop. The stock fell $10 as they all kept pumping buy buy buy all the way down. But it gets better. Then after weeks going down it gets a dubious $1.50 pop off the low and then a guy like jimmy thinks he's won something other than a bozo button. lol Like I said weeks ago when the stock was heading down PAST $15, "they'll all be pumping $15 for Christmas." Amazing.
Anyway, just avoid it, boulder_rider. So many other stocks to make far more than $1.50. Heck, CLFD almost made this last few days. I have a buy on it. Leader of the group. Target $26. I'll let you know if/when you ever need to own AFLOP. Shorting it is best, but I realize shorting is not novices. Leave it to seasoned professional like DJ/BFG. One thing is very clear, if I'm short a stock, you can guarantee you're going to get shellacked if you're on the other side betting against me. It's just a matter of when and how bad.
Just ask any of these three wise men to show you any posts where they rated and targeted something significant--made a huge call--and they were right and can prove it. Actually, ask the other two wise men because already I have proven allarndproducts is a complete busted monkey losing twice on AFOP. This time $23.94 to $13.50 and again back in 2011 after it collapsed from $20 to $7 just like I warned him. The posts are all there, too. Besides, he and his multiple ids know it. lol
Duh...who cares about the IPO price? LMAO! I know several clueless clowns on this board done care which probably explains their pain.
Also 41% diluted since Nov 2000 (IPO) from stock options. Of course I have nothing bad to say about Q3's amazing results, but question is how long does it last especially with high customer concentration risk? 6 pump and dumps including insiders dumping over $14 million in 2013. CEO sold 488,000 in Sept in one trade circa $22. I'm just sayin.
Bottom-line is this stock is not without big risks and wild swings. Add in more risk with potential acquisition, risk to reward doesn't add up. I need to see several trading issues including pathetic liquidity resolved first. If AFOP is going to the "next level," more shares, more shares, more shares. Yet when things don't go well the added liquidity hinders it. Remember, since the IPO and with added 41% dilution, it still had to do reverse 1:5 split (I was STRONGLY against) in attempt to raise the stock price, etc. So at one point there were more shares available and yet I saw days where the volume was less than 10,000 shares. Sometimes there was one or two trades between open and noon. Yes, that bad.
Finally, AFOP is not a good stock to trade for almost everyone as we just witnessed only one guy could call the fall from $23.94 to $13.50 accurately. Only one guy--the notorious BFG.
Just remember this post. As I said CLFD is the one to own. Even CIEN with negative news is pulling ahead of Finasinker with its $1.5 billion in losses, insiders dumping $20 million+ and top 15 institutions dumping over 20 million shares!
Oh, yeah, even AFLOP up 6%! Wow. Imagine that. I covered that position starting $13.60 and mysteriously somehow...it's rising. lol
Weeks ago this was as high as $15. So on top of your horrendous losses, at best you bought when I was covering (I posted so you humps could even get in and maybe jack the price on me...lol) at $13.60. Well, $1.50/profit from there is about the best theoretically any of you jokers might wish for. Again, this $1.50 would be on top of your monstrous losses I warned you you'd all suffer.
Me on the other hand, I walked away with over $8/share in profit in less than 2-months short. Posted play by play even added more shares short as low as $15.30. Now, imagine if you humps had just listened instead of pathetically trying to fight me and fruitlessly trade out of increasingly horrendous losses? lol
Maybe next time, Jimmy. Maybe next time.
Dead-cat-bouncing after $23.94 to $13.50 to now $15. AFLOP would still have to rally 59% from $15.10 just to get back to 52wk high and 82% to reach IPO price from 13-years ago. But what baggies should be focusing on is the fact AFOP would have to rally 284% from here to reach break-even on the IPO adjusted for inflation. Yep. 13-years later that's how bad this investment has been not to mention stock diluted 41% along way.
The only bullish signals were me covering the day $13.50 and 2 days later the last 10% of the position 2 days later. Other than this, there's nothing else to get excited about. Q3 was exciting and the stock tanked 45% which was even lower than I expected.
Now it's far too early to call rebound after this disastrous collapse. Maybe try taking out $16.38 first. As growth rates "slow" because YoY comps catch up, it's going to be harder for AFOP to shock and awe. Already it's playing "value" with dividend (rising nicely I will add) vs. growth. Danger is it has high concentration of sales to less than 10 big customers. Any of these slow, postpone or whatever, AFLOP will strike and $8 to $10 isn't out of the question. Of course, if this is some new fiber cycle or AFOP does an acquisition with added risk, who knows what its future might look like. Right now, I'm focused as-is on the stock price and indicators and nothing tells me you need to own AFLOP. Nothing. Pump and dump just like the last 5 times, I warned you never EVER buy it on the way down. And those that did lost money. Right allarndproducts? That makes twice, now. ROFLAMO!
Bottom-line is no one is going near a stock this manipulated with pathetic volume and high short interest. This shot up today $1 on what, 40k shares? That's almost as funny as tanking from $23.94 to $13.50 in 2 months on no news. The fact it collapsed to $13.50 and was still trying to attempt to go lower is pathetic. This could be right back down to $13 next week filling gaps--even test new low?
This is the bull-trap setup. Bank on it.
LMAO! People think this is going up. $23 keeps failing. No new high.
Unfortunately, the malcontents and free speech haters on the FNSR board had my djia20knsdq7k id flag-spammed and removed. It's ok. They'll never stop the truth from setting the markets free.
Anyway, with all the id confusion, I just want to reiterate my near-term target of $26. CLFD should see $20 easily with January effect. Keep a sharp eye on short interest. If it goes over 1 million shares, watch for a pull-back.
Long-term, CLFD could see as high as $40. Made in the USA, what's not to love about CLFD? - BFG
AFLOP was doing over 1 million shares Jun to Sept and now it can barely do 400,000 which is 10 day ave volume. Chang dumped 488,000 at $22+ back in Sept. I think this put a huge kabosh on the pumping-to-dump party. It fought a nasty consolidation including 5-weeks through Oct and flopped to $13.50 from $23.94.
If this stock ever wants to play in the big leagues, volume is going to have to rise. Who wants to trade something with 400k or less shares of volume per day? Heck I remember it used to trade less than 10,000 a day. Stock will have to split again and probably rise for traders to return. The liquidity--evidenced by high short interest--tells me other traders aren't going near this. Hopefully AFOP's increase in shares authorized will give it room to split the stock again in 2014/15. Also like to see insiders quit selling and forgo the stock dividend for more share repurchases. It doesn't need to repurchase share lower either, just give holders an opportunity to sell some without have to pump and dump the stock every time. It would help also reduce the 41% dilution from insiders doling out stock options since Nov 2000. Stock options for insiders has been great reward for them but terrible for bagholders. The stock is still 45% below the IPO price and over 75% below the break-even, inflation adjusted price.
And thank you, boulder_ad, for highlighting their under-handed, disturbing ways. They don't value free speech like the intolerant, bigoted gay groups complaining about the Duck family.
We'll see how this plays out before calling victory like I did on AFOP and AMSC. FNSR won't be as glamorous nor easy short this is clear.
No normalcy. Just pump to dump the 20 million and counting shares dumped on market makers. It's not time to blow the bugle.
While I think there is a good chance the price could (at some point) fly up to the convert strike price for reasons I've stated, it will eventually sink to all the gaps in the chart $14 and below as the convert shorts pound it from some high point. You can take this to the bank. Of course, if the price does rise to $30 or more, longs here pumping this will have hit a nice high and hopefully dumped themselves. While I'd be right calling this, my short thesis kinda died with the uncertainty introduced with the unforeseen converts. Right now the price is creeping up gradually.
If there are any genuine holders (like lafeet, ssquared), they'd be as bitter as bleep and have ZERO credibility anyway.
Bottom-line is the former management and board of directors swindled and snookered baggies. Fun while it lasted, but there's a reason why I highlighted Yurek was trying to sell all his shares. He knew exactly what I knew because I posted it to these boards. I basically opened the bomb doors at $43.50, and here we are now $1.42.
They're continuing to sell-out right into this rally to nowhere. They know how bad converts are and know FNSR carries over $1.5 billion in accumulated losses. Sleep well.
PRICE T ROWE ASSOCIATES INC /MD/ -5,978,815
FMR LLC -3,961,450
CAMBIAR INVESTORS LLC -2,430,932
PLATINUM INVESTMENT MANAGEMENT LTD -964,875
PARNASSUS INVESTMENTS /CA -947,674
PENN CAPITAL MANAGEMENT CO INC -633,768
MARSHALL WACE NORTH AMERICA, L.P. -601,264
BRIGADE CAPITAL MANAGEMENT, LLC -600,000
RENAISSANCE TECHNOLOGIES LLC -597,800
DEUTSCHE BANK AG\ -572,643
SCHRODER INVESTMENT MANAGEMENT GROUP -556,200
UNITED SERVICES AUTOMOBILE ASSOCIATION -523,330
PIER CAPITAL, LLC -414,167
ING INVESTMENT MANAGEMENT (EUROPE) B.V. -319,654
HIGHBRIDGE CAPITAL MANAGEMENT LLC -297,104
Total Top 15 total sold -19,399,676
Yeah, to the same guy. LMAO!
Dow green today and AFLOP down another -1.5%. lol Keep dreaming, Jimmy. If it makes you feel better. AFLOP is broken and should be avoided. That's the fact. Ignore facts are your own peril.
I think the message is clear today for baggies in addition to drubbing from $23.94 to $13 and 2.5 million shares short. Sell AFLOP and buy anything else. lol
while Americans saw things getting worse and worse and wondered why the stock market kept rising higher and higher. Well, that's because in October 1929, it collapsed 90%. Fed is just starting to taper. The dotgov bubble not going to burst just yet.
All bearish FNSR options haven't failed. Be patient. At $24, I'd have more reason for alarm, but not here near $23. It's not time to get in the bunker yet either, MDY is still setting up nicely for 3 peaks and domed house.
"The initial conversion rate is 33.1301 shares of common stock per $1,000 principal amount of Notes (which is equivalent to an initial conversion price of approximately $30.18 per share of common stock), subject to adjustment in certain circumstances. This initial conversion price represents a premium of approximately 40% relative to the last reported sale price of Finisar's common stock on December 10, 2013."