So, nothing changes. I've been buying a little on each dip (drop), and tried to double down this morning but couldn't. Probably for the best though. It is plainly written in the press release that they still have authorized the same number of shares so the dilution will still occur. I wonder who the majority stock holder is that keeps approving these splits.
Lots of shorts covering, but tomorrow and the next are important as margin calls come due. Should be able to get close to a .1 pre-split price.
They "beat" consensus by 8 cents, for what that is worth. Not bad, but revenue down. Even if they cut the div, this thing is starting to turn a corner.
It would seem that you are correct, but couldn't they issue more shares up to the authorized amount at their discretion? I am just trying to figure out how we can trade 6mill+ shares on a float of just 5.3mil. Something does not seem right.
From the 10-1 split announcement: "As a result of the reverse stock split, the number of common shares outstanding will be reduced from 53,721,525 to approximately 5,372,153 shares" Then goes on to say "The number of authorized common shares and preferred shares of NewLead will not be affected by the reverse split. " So, did they reverse split and then issue additional shares back up to the authorized amount? It seems that there should be some disclosure about that.
That is the highest probability stock they screen... Not saying they are always correct, but the technicals are here for another run. I bought in today.
Sentiment: Strong Buy
Execs paid in stocks and sold to bag-holder longs.
I have a feeling that yesterday was the squeeze you were looking for. At the very least there are as many longs looking to book gains as there are traders needing to cover.
He just got his iPhone yesterday. AARP is a huge organization, a drop in the bucket for AAPL but still signals a trend combined with the HD story already published.
I read last week that eHarmony is launching a LNKD-type site. Don't know if it is going to be successful, but there is only so much space in the world for this type of business.
The graph and technicals all look bullish, but common sense says it must fall. I've been shorting a little bit all morning and feel very confident. This looks like a classic short squeeze and if we can survive it we'll be rewarded with a drop back down to 130 in the short term. Mid-term I could see if go down to 116, and back down to 100 with even a slight miss or bad news. Read that eharmoney is going to get into this business.
Sentiment: Strong Sell
Dude, get a grip. Most of us are down a good amount of money on this stock. But there are very few naked shorts in this POS. If there are, the longs will be taking their money before long. As for the MM's those are the crooks, but us little guys have to play by their rules. So play the game or get out.
We'll be in the money with a close above that level.
Sheeesh, you guys need to lighten up. I MEANT "borrow". Thanks begginners for the input, that is what I was thinking. I was looking to add to my short position, but it seems like a set up for a short squeez. This thing is going to tank, but I wonder if it has legs for one last jump...I just tried one more time to place a short order in my scottrade account and I got the same message. Something is up, this happend last time I got burned on a short sale, Sears...