Van finally threw in the towel after his portfolio was crushed by shorting ONP. The other numb nuts did not even have positions. The troll will watch this go to $10 and still say he was right. The moron watched it double.
They reported their positions early last quarter so we should know soon where they stand. I am guessing Blackrock still has they 424k shares. They are getting closer to breakeven and then will begin to see gains.
Tissue paper sales started two weeks ago. It is going to be a high margin business.
All shorts are now underwater. The beatings will continue. Funny that Van went away.
Dog, the reaction is muted. The results were as expected with the good news coming in the second half of 2015. The second half starts in two months so get ready.
If you look at the photos you will see why SG&A costs were up in the 1st quarter. One production starts the money will start flowing in.
We knew last quarter SG&A costs were going to be high due to the ramp-up in the tissue paper sales staff. Tissue paper is a huge opportunity but you have to spend money to make money.
Hopefully we get some guidance with earnings. 1st quarter numbers should be good but the new higher margin products are where the growth is.
The chemical company grew profits 28% in 2014. Chill out. They have that and the natural gas find on their plates. Natural gas may end up dwarfing the the rest of the company. "Come for the bromine stay for the natural gas."
Invest, ONP management know's the score. They are now playing offense and we will soon work our way to Book Value at $8.00.
Insiders would not be able to buy now as they know the results of the first quarter and we do not. We should see 1st quarter numbers in a few weeks. I think it made sense to skip the Q4 conference call as Q1 was already over when they filed the 10k. There was a lot happening in December that they can talk about on the Q1 call. If they did a Q4 call people would have been looking for updates on products launched in December which it would have been premature to discuss.
That is why I like to trade it. It is worth $10 - $12. If I got caught and the price went down instead of up I would not mind waiting it out. I would not try to pick up $.50 from $9.50 - $10 but at $7.00 it seemed like a sure thing. I'll be back.
I am out with a $.50 gain over 3 days. I will take the 7% and put PCTI back on the watch list. I don't know what the upper limit on the buy back is this time around, but the average price paid in 2013 & 2014 was $7.485. GLTA.
I never noticed because I don't really read his posts but that is LOL funny. His mother probably spent years telling him there are two "g"s in egg.
Ur, They are moving very quickly to get the tissue paper production going. If you go back to the FAQs document the photos from November show a partially finished space. That space is huge. I would image most of that will fill up with raw material as well as finished product. The current space is better than most International Paper facilities.
"Buyer below $7.50" - yes. In 2014 the average price was $7.66 as stated in the message subject. I don't see a lawsuit. Only 140k shares traded that week. The price went from $7.75 to $7.01 and is now back to $7.43. Even if someone could prove negligence they would have to prove losses. No one could have lost enough money based on those numbers to pay a retainer fee.
GURE hit $2.86 on the huge volume day but closedbelow $2.00. Today marks the highest close in over as year. The trend is you friend. Yesterday was a test but I don't think the shorts will risk selling any more shares with earnings and NG news approaching quickly. The longs past the test. We will continue to march higher.