They will have no earnings this year next year or the year after that justify this stock price.
That is why this stock price makes no sense.
What part of this don't you get?
lose....as in take a loss.
loose...as in not tight.
English brother, English.
But you are not alone as half the people on this board and every other board type the same thing.
It's strength is due to the fact that there are not enough shares out there due to the lock up.
This creates a situation where too many shares are owned by boneheads who have no understanding
of the valuation of this stock, and are willing to hang on to them at any price. That situation will change...and
when it does......look out.
Who in their right mind is still long this stock? How many warnings are needed? How many downgrades?
Do you people not understand this company at this price has a higher valuation then big companies
like Kraft Foods that actually produce something and have revenues and profit? Please. I beg of you to use your brain here before it's too late!
Cult Stock.....yes...speaking of cult....which by it's very definition makes no sense to the
sensible people outside of it.....look up Jim Jones....similar result coming here.
The 475 million shares can't wag anything right now can they? They can't even bark.
They got a leash and muzzle on.
When the earnings are lousy they all behave then same. Feb 5th.
My guess is that your guess will be about as accurate as your spelling....lol
GS reported a 21% drop in quarterly profits....misplayed the bond market.
I guess they do get it wrong sometimes lol......Twitter their next wrong call is coming soon.
Here is the plan, play along if you're able.
1. Come out with bogus ugrades 2 weeks before earnings.
2. With help of delusional longs who have no understanding that this current price is unsustainable,
push price up prior to earnings date.
3. Just prior to earnings go short with full knowledge that "earnings" can't come close to jusifying
current price, nor can projected "earnings" justify this price.
4. Watch it collapse and reap the rewards.