Does one need any more examples of why this stock is a LOSER? Today, with less than 3 hours trading someone (or more)bought less than 300 shares and the stock pops almost 10%. Yes, that's right! 10% on less than 300 shares worth collectively about $ 210!!!!!!!!! $ 210........This is why you AVOID loser stocks like this. You can get killed even shorting a LOSER like this....
This is why I believe someone could make an offer. Just take the current price and add some premium worth much less than its parts; an offer that could prove to be cheap but still attractive enough
vs. its plunging share price. It's like an estate sale - offer something much less than its worth but still enough to entice the seller. The buyer will come out so far ahead than waiting for 'fair value'
to work itself out. I could see something happening down in this current, attractive price range.
In its current transformation it is definitely worth more than closing price today. Will some 'bargain hunting' company come out of the 'woodwork'????
Now, today illustrates what a 'small float' entails and when there is NO interest among traders with this company. Today, a TOTAL of 2,400 shares on the BUY side creates an upside of over 8+% today. To demonstrate another way to look at this, this 2,400 shares equates to a 'whopping' $1,656 approximately total buy side for the ENTIRE day. So, $1,656 TOTAL gives current investors (a term used very loosely here) an 8+% upside. I guess it's good for the ego....
but NOTHING else.....Perhaps, all existing shareholders should issue say $1,000 orders and create substantial upside. Maybe you can get the stock above $1 again before NASDAQ issues the dreadful warning and eventual delisting.
Well, another 'brilliant' prediction which never came to fruition. Remind me, heddypri, to NEVER listen to your advice. As Elvis would say, "Thank you, thank you very much".....
The company is/has reinventing/reinvented itself. With this sharp price correction and with positive cash flow and future positive earnings expectations it would appear that someone has to be looking at this company.
I remain sanguine on the company with or without the above but it is something to consider and just another reason to hold your position or even add more shares. And, don't be surprised to hear some Wall Street 'rumor' on something like this creating a pocket of strength for some bogus traders. Wall Street is corrupt and if you understand this your chances of success in the marketplace is much greater.
If you get caught up on all the HYPE and buy at or near highs this is a great example of what can happen to ya.
Even AMZN correctly sharply during the day off their great news. Buying at highs can be devastating to your portfolio. Can FB be next? Stock up today when most of market selling off drastically. If you own it at the highs can be very 'nerve racking' when earnings announced next week.
Once that deal was announced I sold all my shares and those of my relatives. That whole deal
STUNK TO HIGH HEAVEN. And anyone with a brain knew why....
Funny, I was thinking IF I was fortunate enough to own this stock I would have done EXACTLY what you did.
This was a smart move. Sell a stock that has a short, tremendous upside run and buy one that is 'worthy' of an investment that has plummeted and understanding why it has. Congrats! This is what you call 'investing'.
It has fallen over 10% since pre-market yesterday morning all because of an 'ill timed' comment about China. Checking the transcript he didn't even elaborate on this but Wall Street sure took notice
and immediately hammered the stock at open to present time. He should have known better.
The company is still 'performing' and should be ok long term. But many will sell because of the 'heat in the kitchen' or for some other reason. If you don't need the cash one can wait out these
misfortunes. If you do need it you shouldn't be in the stock in the first place.
I've been doing this for a long time. The market is very difficult to manage. One could put up a good argument that it is RIGGED! Today's action was probably overdone but it definitely hurt some people. You're right, though. Liveris should have keep his MOUTH SHUT about China
and the 3rd quarter. I wonder who did all the buying at the end of the day.
Could it have been the company buying back shares? It sure wouldn't surprise me. Better have conviction and a clear understanding what you're doing or you will get killed in this market.
If there is anything positive about today it was the last 20 minutes. There was considerable buying with very good volume, up over 1% from its low set just prior.
this thing will not stop falling. And fast! There's no entry point it is so BROKEN!
Good heavens, at least, understand why it is down. Liveris mentioned possible softening in China during conference call. This is why it tanked when market opened. The conference call started at 9:00 et. and it went down more as Liveris spoke. This nut NEVER mentioned anything about China during TV visits with Bloomberg and Fox Business. It was UP 2% pre-market on great results.
At least for today, the conference call was a 'game changer'. Liveris really disappointed me.
He mentioned nothing about China during TV appearances on Bloomberg and FOX Business.
Heck, the stock was up over 2% pre-market on great results. So now the stock will be just in a
trading range till the NEXT earnings report. We'll see how low it goes in the next days to set the 'low bar'. Even with my other stocks up for the day this 'stock' put me in the 'red'.
Oh well, such is the market. You never know what will happen. Only long with cash so I can wait it out and collect the nice divi. Good luck.