OK, let's forget about all the jargon and use basic common sense then. If it wasn't a bad thing, why did the stock drop $2 in 5 days on no other news? Bottom line is the stock got hammered because everyone else hated it except a few guys like you. You need to stop thinking you're smarter than Wall Street.
I'm not an egomaniac like you who thinks anything I say in a stupid Yahoo chat room would be sufficient to move a stock. I'm here because I like to read informative posts, especially the ones who don't agree with me, but every once in a while, I run into a loser like you who just comes here to run his mouth because he sucks in the real world and this somehow makes himself feel better. Whatever gets you through the day, bud.
I don't think everyone else is crazy, just you. Ok, maybe crazy wasn't the right choice. Let's go with troubled. And like I said, all this rage can't possibly be just because someone, whom you're never going to even meet, has rattled you in a yahoo chat room for simply disagreeing with you. Has to be more to it that that. If it were just me doing that to you all by myself, you seriously need help.
I define Wall Street as a collective reaction to and action irrespective of any time frame. We aren't not talking about anything that happened last year or anything that might happen in the future. Your post was about dilution....period so don't now start changing your story into long term vs. short term. The reaction to the dilution by Wall Street, not analysts and not small time investors, was to bury the stock. You can either accept that Wall St hated the dilution or think that you know more than them. There is no other choice and you seem to still think Wall Street - wrong, hapihammer - right. I can't hep you.
What a total control freak. Now you're telling me why I'm here. Dude, seriously, you need help. This obsession you have isn't cute anymore.
The losses I will incur? Have you looked at a chart since I've been here? If this touches $9 everything will get covered so there's a 0% chance of me making less than $1/share let alone losing anything. Thanks for the advice though.
How bad do you have to be to admit that you're trying to control the actions of someone in a chat room? Ok, I'll stoop to your 4th grade bullying......... MAKE ME
See how ridiculous? No stock in the history of trading goes up "like a rocket" after diluting by a number equal to a quarter of its entire market cap. (also, pull up my posts, I've only been in the stock since last Mon so any mention of the stock going up "right after the Apple announcement" is irrelevant to me). I know I've gotten to you when you say "I lucked out". Funny stuff piggy.
I go away for a couple hours and all my orders went off. I know you'll be sad to see me go. Might be back if it ever gets back to 10. Wish I could write a prescription for a few of you but it's been fun. Have fun bashing me while I'm gone.....I'll be out shopping :)
The stock is getting manipulated by the short-term traders. With only 100-200K shares exchanging hands, you could easily make 2-3% every other day pushing the stock around. Nobody should be buying this with intentions of holding it. It would be like going to the store to buy a shirt and the price tag on the shirt says $30 but you offer the salesperson $45. This isn't like a "normal" stock where you can say it's trading X below its book value and it could go up. I know nothing goes down in a straight line but this is going to zero in a little over a year. That's a fact. This stock has zero value except for the dividends and there are only 5 left according to the company, with a value of $2.50-$3 MAX. It is factually impossible to get more than $3 out of your $4.88 purchase and it's even more stupid to try to just capture the dividend since the stock drops significantly more than the payout on each ex-div date (has done so in 11 of the last 12 quarters). 92% of the time you LOSE money on the ex-div date even though you just got a hefty dividend. So you're getting a 50 cent dividend while the stock loses $1 immediately upon opening. Would love 2 min with anyone buying this stock just to see their reasoning (or lack thereof).
Sentiment: Strong Sell
Long-term dividend investors lose: WHX is a trust that, at current production rates, will end at $0 after 5 more distributions in early 2015. Every distribution removes value that will never come back to the trust. Long-term holding is, literally, a zero sum game. This information come directly from the company's own 10-K "warning".
Long-term value seekers lose: The underlying value of WHX is more than a 50% discount to recent price. Value destruction is guaranteed. You get hit twice. First, the dividend gets pulled out of the stock automatically so you lose that amount on the stock. (i.e if the stock closed at $4 today and pays a 50 cents dividend, on the ex-div date, the stock AUTOMATICALLY opens at least 50 cents lower.) Secondly, the stock is going to zero AUTOMATICALLY by June 2015 so at some point, you are guaranteed to lose all of your current investment. Whatever your buy-in number is (basis), count on losing 100% of that.
Short-term dividend seekers lose: WHX has fallen by more than its distribution on 92% of past ex-dividend dates since inception, often by double or more of the actual distribution. Short-term dividend seeking loses money and there's no way to avoid it. You can't sell it fast enough on the ex-div date to make any money. If you buy the day before ex-div to get on record and the dividend is 50 cents, the stock will automatically open AT LEAST 50 cents lower when it resumes trading in the morning and 92% of the time it's much more than that.
Heck, even the guys who know all of this and would love to short it can't because everyone in the world knows (including every SEC filing from WHX) that it's going to zero and if your firm can borrow the shares, you'll get killed with the borrowing cost and fees to do so.
How many times have you ever heard of a stock that guarantees longs and shorts BOTH lose?
Sentiment: Strong Sell
I also heard the days of the $.50 payout are over. WHX has continued to state that production is dropping and prices are increasing so payouts have to be going down. With 5 dividends left and the possibility of only making $1 on your $5 investment is ridiculous. You'd have to be crazy to hold this stock right now, let alone buy it.
Sentiment: Strong Sell
Maybe you should wait until you actually ARE a "$10B company" instead of paying it out when you could-possibly-maybe in the future be a "$10B company". Plus a company that just cried, "we need to raise money for this and we don't currently have the funds to do that" to explain away the massive dilution shouldn't insult the shareholders by throwing bags of money at the same guys doing the crying. Just tastes bad. Unless you're talking about sports, I've never been a believer in rewarding potential and to give out huge bonuses when the company is going to lose close to $100M this year and do 25% revs versus last year is a total slap in the face.
The question had nothing to do with stock price, nor did my response. Just because a stock is up doesn't make it a "$10B company and it certainly doesn't justify execs taking huge bonuses when they just had to massively dilute to raise money. On paper, this company is garbage so ANY future profits, revenues, market share, etc is 100% "maybe".
Sentiment: Strong Sell
I took a break from here after I made a bundle shorting the stock but I still stop back and read the occasional comic strips posted by the long-winded Mungee and others just begging for the stock to go up. 2 things are going to happen and boy are they going to make you guys lose your minds:
1) The company is going to report horrific earnings and without any earth shattering announcement to cover the garbage numbers this time, the stock will be back in the 7s.
2) Apple is going to announce they are planning to use curved Gorilla Glass 3 on the iPhone 6 and iWatch.
Not going to list all the reasons why but the big GT factory in AZ isn't even going to be ready to start producing glass until late Q3 or Q4 and by that time, I already be posting here with my new iPhone covered in Corning glass. Take a road trip and go see how much work is being done on the factory. You'll be the only one there. Plus, you're crazy if you think GT can just flip a switch and not only train 700 new employees but be able to produce sapphire on a massive scale - enough to outfit a new iPhone rollout - and do it inside the ridiculous pricing guidelines Apple has set forth to even be considered.
I don't have a position right now but I'll be shorting it again before earnings if you guys would only do your jobs and pump it up a bit for me. As much as you despise what I say, I've never been wrong about GT since I've been here.
A) I haven't been here burying you guys since spring and
B) It's "you're" like "You are a clown". If you're going to insult me, try not to make yourself look like a high school drop out
When I'm wrong, you can say whatever you want but for now, you've got nothing. You can hate all you want but I've never been wrong.