The last time you said it was going below $2 it immediately jumped to 2.6
I see this time you are hedging your "prediction" by placing question marks after your statement. I'd be more confident it was about to jump again if you had left the question marks off and been more definite. Your value as a contrarian indicator is in proportion to how confidentally you make your statements.
The buyer at 2.00 is not going to let it slip below that level. He also will be happy to step in and sell on any little pop to make his profit on his shares bought at 2.00
This stock is going no where, up or down, until some SIGNIFICANT good news is announced. The good news for longs is, there is really no bad news that can knock it any lower, it's not going under 2.00
You certainly "change you mind" a lot. That way, you can always point back to a comment of yours that predicts the future since your past comments will always cover all bases, whether the stock goes up or down. In other words, your comments are totally worthless.
Think for a second about what you're saying. If it is so likely that this stock will be "over $4 in a few months", and you are willing to predict this right after they did a massive 20 million share dilution at 2.00, then it was much more likely it would go to $4 plus in a few months without the dilution and that should have been obvious to management. So, WHY given this would they NOW dilute at 2.00, and not just dilute, but do a MASSIVE dilution of 20 million shares?????
Oh please. There are proxies to allow selling of those shares indirectly.
Incidentally, while your dream of it going to $4 "in a few months" is not going to happen, it is similarly true that the buyer of the dilution shares at 2.00 won't let it slip below 2.00 because that's where HE bought. He wants and needs it to go higher so he flip his shares. That's why Piper and Jeffries have now issued their phony "buy" ratings, weeks after their clients loaded up. It's because their clients are now loaded to the gills with cheap shares and are ready to flip them to retail. I REFUSE to be part of this corrupt #$%$ and now want out of this stock and anyone should.
It won't go above $4 "in a few months". I guarantee that. There are 20 million shares from the dilution at 2.00 that are going to be flipped on any little surge in price.
You didn't have to be a magician to make money from this stock's "roller coaster ride". You just had to be an INSIDER with the inside scoop from the corrupt management.
Has it occurred to you that, despite how "good" any future news is, the buyers of those shares bought at 2.00 will be happily flipping them to new buyers on the way up? And, it is obvious from the price history that insiders were busy selling shares starting a couple weeks in advance of the dilution. THAT is what grates on me, and what I won't put up with and why I no longer trust management and why I will be happy to get out of this stock. The dilution at 2.00 is also why the ride back up may be a lot longer than you or I hope for.
Incidentally, if all the projections are right, sure this stock should be 4+ in a couple years. And had it not been for this dilution at 2.00, when management had repeatedly said they had enough cash (a lie, what else could you call such a statement), I would have held for that, that was my plan. But now, I'm out in the 2.5's. There are other stocks, of companies whose management I trust.
To me it's all a matter of my rules which I adhere to strictly because they've always worked for me. Right up their in my rules is that I can't invest in a company whose management I don't trust. This dilution, which insiders clearly knew was coming a couple weeks in advance of it appearing, should make anyone considering a new entry in this stock run away.
Well, it's either stupidity (not likely) or corruption. Either way, it is a major black mark on the management of this company and a major red flag to me for my investment. I have put up with a lot from this company, and patiently, but this is the first whiff of really bad management, something I have no patience for. Because I can no longer trust management, I have lowered my price target for getting out of this. I will now settle for a profit, instead of my initial target of 50% profit, I will settle for as little as 10% profit. I need about 2.5 or 2.6 for that. Sorry, but I no longer trust the management team.
You may not know my history. I am long for over a year, my lowest buy was at 1.85 months ago. I didn't say I wasn't holding my shares, I certainly am. What I said was that I won't buy more shares above 2.00, I refuse to buy shares being flipped to me. And, to be candid, I am very upset with management for diluting so low. That is a major red flag to me. Either management is stupid, desperate or knows something bad that retail investors are not privy to.
The Jeffries "buy" rating is not news. It is a favor done to their clients who have now loaded up all the shares they wanted at 2.05 to 2.15. I myself will not buy shares above 2.00, I've stated this before. I refuse to buy shares from the guys that bought the 2.00 dilution and are now flipping back. And I'm still #$%$ at management for diluting so low and now.
I am long but that doesn't change my lack of respect for analyst "coverage". Jeffries and Piper only now, after a couple weeks of accumulation, issued their "buy" rating because their clients ALREADY loaded up on shares. And the buyer of all those dilution shares at 2.00 will now be happy to flip those shares to anyone who will pay up for them. I'm not interested in buying more shares anywhere above 2.00, I've stated that before. And I'm still #$%$ that Antares management decided to dilute NOW and at such a LOW price. Can't decide if it's because they are desperate or they know of something bad coming, like a delay.
rush through a massive dilution. These prices won't last and they need the cash. Soon enough a deflation article will appear from AF or someone else. Lots of holes in this story.