Jock - I took your suggestion and emailed Steve - His response was "Thanks. I can understand the confusion. I'll take that into account with future press releases." So dow18, should Steve be looking for a schooling refund as well?
It sounds as if your spoken word about valuing apd's opinion holds as much truth as your estimate of "botto."
I find this all fascinating... Lord knows I wish I wasn't fascinated from a long position, but nevertheless, what's happening now to NLY and the rest of the mREITS is an example of just how far Mr. Market can take a stock or a category to the extreme... It really seems as though the market is saying that mREITS cannot operate successfully if at all in a rising interest rate environment and a rising interest rate environment is a fait accompli. Neither premise has the certainty that the market is declaring for mREITS right now imho. I don't think the rate of book value decline merits this type of discount to book value and at some point p/e ratios even at an assumed lowered level of earnings have got to be taken into consideration as a way to value this stock, doesn't it?
I certainly agree about Steve... He's been amazing.... As a satellite internet user, I had specific problems viewing some of the Clipstream test videos and received specific questions about my experience from him directly.... I, too, have never seen that type of access and direct involvement in a CEO.
So in a way, Emjay, you're proving the point. The impetus for the dramatic turn today was chartists piling on to what their completely ignorant by definition (don't pick on my choice of the word, "ignorant - I'm using it in the definitive way, not in a pejorative sense) screens have told them is a downward trend based strictly on the price action itself caused by such occurences as a "50% Fib retracement" not holding. Of course it will only be after the fact that we'll know whether this is a pre-cursor to anything fundamental about DSNY, but what you describe is important and self fulfilling to the short term trader who considers himself to be fast and furious in his willingness to trade. For those who are not, only time will tell if this is anything more than noise... We turtles may end up beating you hares over time, but then again, we could end up being the last to leave the ship. Who knows? Personally, I want to see how Clipstream pans out long term..
I've also noticed on Level II that "CSTI" seems to be influencing the market much of the day to the downside.... Googling CSTI I find that it's Collins Stewart as MM and they have a reputation of being the MM du jour for naked shorting.....
Thanks, Boo. As I said, I don't believe in charting, but do think it's important to know what they're saying BECAUSE they do seem to be self-fulfilling short term.. If nothing else, if my just enough to be ignorant knowledge of it has any credence, then perhaps technicals irrelevant for the long termer can be the explanation for the selloff today.. Being aware of the technicals, therefore, can potentially help understand and accept the noise.
I showed the press release to my son who is pretty tech savvy but has not been following DSNY and he confirmed what I thought might be a confusing part of the release to the uninformed.. The confusion comes from the pricing information. He got the impression from the release that the VIEWER of Clipstream videos would be expected to pay to view. That's wrong, right? I think part of the confusion might be from wondering just who would be the customer who would be paying $5/month for example? Pricing info makes more sense when it comes to the higher pricing points, but who's the $5/month customer?
Are there any chartists amongst us? I'm wondering whether or not from a technical point of view it is very important at this stage for DSNY to make new highs in the immediate future. I know next to nothing about charting and don't really believe in it, however, to a certain degree, it seems to be self-fulfilling information... I know chartists don't like "head and shoulders" formation, and that's what makes me wonder if a new high is important right about now. Without it, are we in danger of experience the dreaded "head and shoulders" pattern? Oooohhhhh, scary.......... I may have to take my old cup and saucer and go have tea just to calm down........
More power to you to be able to laugh. Personally, I've taken a venture capitalist's approach to INVE in that I have a portion of my portfolio dedicated to speculative situations. Like a venture capitalist, I expect some in the portfolio to do poorly or even fail, but on those, I will only lose 100%. The winners will more than offset that as they can double, triple or more. It sucks to see INVE down so much, but while it's down 50% for me, DSNY, for example, is up nearly 300% in the same time period. Maybe INVE is being sold as a loser in 2013 tax loss season and is oversold, or maybe the market is interpreting "restructuring" as surrender, but either way, I'm going to hang in.... Smart? Who knows? Painful, for sure.... World ending, no..
Well I guess your post epitomizes where we are right now..... Normally, people try to clarify they're not bashing a stock when they're posting... Nowadays I guess you have to clarify you're not positive when it comes to NLY!
I wonder if there is any historical data to find out if NLY has ever traded at a greater discount to its last stated book value than the 21% discount it is now? Hey, I have no idea where NLY is going over the long haul, and my open question is whether the business model is flexible enough to flourish in a rising interest rate environment as it has since its creation under a declining rate environment, but it certainly seems at this very moment we are in a downward pile on situation of excess fueled by year end tax selling (what better vehicle is there to offset all those luscious profits everyone has this year?) and momentum players on the downside... I guess there's no reason to think this will change until dividend announcement day at the earliest, but it also feels like it's way too late for long termers to sell..
Everytime I place the old needle down on my old MOSY lp, it plays the same sound over and over again...it must have a major scratch or possible defect... Maybe NEXT time the needle will be set down on the other side of the scratch.....
If so, my fear of being left behind as a paean shareholder will be soothed.... ;)
I was just about to write something similar.... We're right up where I actually have a profit on my position (ignoring how nicely the dividends have treated me) and everytime we reach a level like this, it's Secondary Time!!! And this time there's added motivation since the Whiting deal still needs permanent funding..... When there's a secondary, I pounce and add more, yet still I seem never to quite make it back to average cost for very long... Still, I'm happy with the position....
I'm long and strong on DSNY, but I'm going to play Devil's Advocate. To me, the strongest card we have going for us is Steve's high percentage ownership of the company. Without that, if Clipstream proves its worth, we paean shareholders will be bought out well before we experience its great future.... My other concern has to do with the "disruptive" aspects of Clipstream. The very fact that its technology has so much potential to change how video etc. is played and could theoretically destroy (oops! disrupt) RealPlayer, Quicktime, Meda Player, etc.means there's powerful Big Money capable of disrupting the disrupter in the real world utilizing strategies having nothing to do with Clipstream to make its adoption much more difficult for those willing to adopt it..... That's my big worry....I"ve seen it happen before in an unrelated field, but hey, but I'm in this to the end. Go DSNY!
Well I guess it was a mistake on my part to have retired at age 49 after 25 years as muni trader and having all the same licenses. I should have stayed around for the civility lessons you had that I must have missed.... There was no mocking in anything I said. I'm just not a believer in conspiracy theories in general and always think it's better to be ready to take advantage of unusual market behavior than to focus on what "they" are doing to manipulate. "'Nuff said. Back to DSNY
MZJ - My experience has been that 100 share indicated bids are just a way to afford flexibility to the bidder or offerer. How often have you seen what shows as a 100 share bid stand up for much larger volume without shattering? That happens all the time... It just affords the indicated bidder flexibility. There's no rule that says a 100 share bidder can't be ready to take more. You never know.... What I don't know is how that ends up being negotiated behind the scenes..... IN other words, if the MM shows a 100 share bid and someone shows a market order to sell 10k shares, does that MM get hit automatically with ONLY 100 shares before the seller has to seek the lower bids shown in order to fill or is there a way for the 100 share bidder to absorb all shares if he wants to? That's a question I've always had in understanding this automated system of electronic order fills.... I know a 100 share bid doesn't necessarily mean only a 100 shares bid for (same on the asked) but how does the real world surface on an instantaneous situation? I know it does, but how?
Sorry if my response left the impression that I thought Steve would do what mgmnt did to AUTH... That was just an aside since Vix had commented on beign in AUTH..