I agree. We have plenty of assets. Shorts are trading like we are going bankrupt. We are not going anywhere. Once this sinks in we snap back. Jmho.
I think it was selling and a lot of shorting. That is okay because the moment there is a glimmer of Supply being controlled this stock explodes up.
A three dollar upward bounce could happen within an hour of trading. The day we bottom and shorts begin to cover is the day the stock gets halted a couple of dozen times for going up 10 percent in less than 5 minutes. Heck, we could bounce to 15.00 on some decent news. Jmho.
No, he definitely said seventy five, not seven fifty. You thought he meant dollars, but he obviously meant cents, i.e., $0.75, not $75. So you are right in the sense that most people misplaced the decimal point.
Dang. This puppy is in free fall. It is an ugly overall market. People are scared. It looks like people are dumping stocks, especially ones without revenue. Yikes.
These are tell tale signs of a Fund staking out a new significant position in RARE. Probably see more of this over the next few days. Smart shorts will feel a bit of pressure to cover. Sweet
These low prices will not last.
It is almost a certainty a Fund was forced to sell to cover their margin losses. When the trend heads down for an extended period of time 'Shorts' jump on the bandwagon and exacerbate the problem. The result is panic and severe losses for those that panic and sell.
Just remember the 'shorts' must buy back those borrowed shares. Once this stock bottoms there will be a feeding frenzy. Everyone is going to want to buy RARE, shorts covering and others wanting to ride the rocket back up.
When will this rocket fire up? Nobody knows but it is my guess the fuse has been lit. Buy before takeoff and enjoy the ride. Cheers.
There is no evidence of insider selling, failed trial results or bad news of any kind.
I think you are right about a Fund having to sell to maybe margin positions on another stock or stocks. I also agree that it is probably a good time to pick up a few shares. Glty
Are there any oil price expert forecasters out there? If Iran adds another 500,000 barrels of oil per day, will Saudi Arabia pump more or lower their prices even lower to maintain market share. If so, where do you see WTI and Brent? Finally, where will MRO price be when oil prices bottom. TIA. Cheers.
I hear you. Down 20 percent yesterday, then up 15 percent today. Holy smokes. The algorithm and robotic traders are making a fortune. They are squeezing every last dime out of the market. Wow!
Just ask yourselves the question: Why is wallst360 lying and claiming 'John Abbott dumped all his shares,' when Abbott still has over 2,100,000 shares and options in his portfolio?
To verify this all you have to do is look at John Abbott's latest Form 4 filed with the SEC on January 7th. I think wallst360 is bashing and lying because he is short.
John Abbott is a non-executive Chairman of the Board for MEET. I assume he has been around for quite a long time. I also assume he was granted these options as part of his compensation over time. His exercise price on the options he recently exercised was $1.00 per share. The remaining were probably a bit more or less, maybe some even at zero. So what. He still has skin in the game.
I noticed that none of the executive managers have exercised any options in the past year. They have lots of skin in the game. Cheers and glty.
The exact numbers of John Abbott's portfolio are:
Options - 2,068,466
Shares - 127,500
Again, glty and take advantage of the low price opportunity.
SEC Files on Charles Schwab.. Abbott has 127,000 shares and over 2,000,000 options. Look at the latest Form 4.
He exercised 210,000 options at a 1.00 per share and sold them between 4.01-4.12 per share. He did this on January 7, 2016. Pocketed over 600k. Cool.
He still has over 2,000,000 shares and options. Just read the entire Form 4. The amount of options are listed on the bottom form. Glty. Cheers.
There is nothing wrong with the company. It went down because an insider sold a bit less than 10 percent of his portfolio, and this published on an extremely bad day in the market. A perfect storm, unfortunately.
The good news is you have a chance to buy cheap shares, if you have some spare cash on the sidelines, before earning comes out next month. Cheers.
He took a little profit. Less than ten percent of holdings, not to mention future options and shares. He is working hard to make MeetMe a very profitable company. Cheers.
My gut tells me we probably will not get many opportunities like this. Earnings is next month and we are going to smash expectations. Cheers.
At some, probably very soon, the price will stop falling. You want the majority of your buys to be at the bottom of the bowl of the curve. Only way to do that is start buying. Quit looking for the exact bottom before you buy. Nobody knows exactly where that is. However, we are now below the price before guidance was increased, chat records were broken and Zacks gave us a No.1 buy rating. Glta.
Marathon has plenty of cash. They will hunker down and get through this crisis just like they have always done. However, nobody knows what the catalyst will be to turn the price of oil around. It could happen at any moment, or a few months from now.