Ponzi scheme? Sure but you got it backwards. US had been selling its gold (and yours) all the way to the top. Germans want their gold back??? Sorry, none left. NONE! Sorry, you have to wait till the destruction of gold pricing. Especially the 100 units of paper sold for every unit of gold. You think these guys at the FED are stupid? Do you remember the real estate scam we pulled on the #$%$ in the 70's? Did you really think we would let the own NY? Somebody has to fund my retirement, and my medical, might as well be the Chinese. Of course the Indians might be a problem, seems those morons can't get enough of the stuff and will buy at any price.
i don't mind the trolls and spammers nearly as munch as the whiny ones. Seriously, this could have easily hit above $8, I think Europe is having a little fun with you guys, considering the euro seems to want to do a scud missile imitation.
oh, 50 cents is easy. I admit 42 cents is a bit of a stretch, but an intra-day crash of 40% is not out of the realm of possibility, but you would be surprised at orders that go through outside of BATS exchange. I haven't bothered to analyze the debt load after my initial dump of this at 2 bucks. I'm purely going after this as the market and especially fund managers over react and dump at any price going into the end of the year. I remember years ago getting into this stock way too early the last time management engineered an "investor flush" Anyway if I don't get my price, there are plenty of other fish in the sea.
oh, yeah. orders are in already. A nibble at .53 and setting the hook at .42.
Shorting from 8 bucks to one would be ballsey. Shorting below a buck? haha, I bet you do more than jerk us around in that basement of yours.
Time to switch the login from "paper money" to "live trading". But you need real money to do that. I suggest you go back to mining bitcoins. LOL
Bankruptcy talk is laughable. That just came from a few people focusing on 1 word in an 8-k. Even the trading below a dollar is a small problem that is easily fixed. Because, I'm not invested at all at this point, it's safer for me to wait. Whatever restructuring is done is likely to be perceived as a negative in the short term.
The other thing I would keep an eye on is the Funds that are still invested. Obviously one, or several dumped heavily leaving the rest to re-examine their exposure.
This thing needs to go to $5 sooner or later. 2- 3 years as a WAG.
I'll be morphing into a big fan of Hudson jeans when the time is right.
Sorry, my comedic rage sometimes overwhelms the real story. But my theory remains the same. Hudson was brought in to eradicate the management team at JOES. Dahan finally got out of the way. The debt is the obvious signal. There is no way this management team suddenly switches it's philosophy from a small cash business to historic debt. NO WAY. You would have to look at it more from Fireman's fund point of view to understand what is going on. The reason the three stooges at JOEZ aren't commenting is mostly because they have no idea what is going on. They are in over their head. To spell it out for you, what is going on is Peter Kim's installment as the big boss. Shareholders are caught in an internal struggle. It will be quite a feat to restructure the debt, but even so that won't happen until Crossman's bags are packed. Consider this: No MBA, much less CEO would hatch a plan to pay loan shark rates. Business can't survive that way. JOEZ got taken over by HUDSON, but *STILL* people haven't figured that out yet. (no matter how many times I spell it out).
Let the dust clear on this one. It's not clear what deals are being made behind closed doors.
snowball's chance... as they say.
I'm sure nobody in the U.S. would complain. I mean if your gonna bail out GM, this is small potatoes. The more important thing is to keep those sweat shops JOES uses out of this country before we have an illegal alien ^H^H^H^H immigration problem.
Panic causes physical harm, and a single human life is worth much more than even the millions that are going up in smoke. Just stay calm. Even a shark's appetite get's satisfied after awhile. Besides, all you have to do is "double down" and you will make all your money back. Just pick your spots. You don't want this thing to overshoot too far and cause some guy with 12 million shares to do something stupid!
There is not enough gold to redeem this much paper. But there is plenty of paper dollars to trade for your paper shares. I would be willing to trade 1 paper dollar for 1 paper share of GLD.
If you guys burned all your paper that would cause a shortage and the price would go up.
Yes. I told you that in January. But you said it much nicer than I did. So I guess you gotta ask yourself is 777 a selling opportunity?
Were they buying you? or selling you?
What is wrong with you guys? The buyout already happened. Hudson played dead and now has turned JOEZ back into a penny stock, so the controllers swoop in and "save the day." Now you may find it strange that Dahan walked away from a company, but still holds all the shares. And you may wonder what a guy in Crossmans position would do to salvage something from this sinking ship. Don't worry, it all works out in the end.
Mostly in the rear end for current baggies. I plan on making quite a bit before this ever sees 90 cents again.
Don't worry about it. They will have a year to get back to a buck. Then they will be able to file for an additional 6 months to keep the whole thing going. All the nonsense about delisting will obscure the fact that these boneheads fell into a suckers deal that was designed to crush them with debt and get taken over.
The good news is that I am starting to calculate the best entry price. We could see quite a panic here before the next hammer drops. I'm even thinking .42 sounds reasonable.