Been a long time in a bull market, nobody knows what to do. I'm not sure myself, but I want cash handy for when it turns around. And a hedge like spxs. And a small hedge of gold or silver in case it really gets ugly. Might sound paranoid, but it's no coincidence that guns have been flying off the shelves. People can sense trouble coming, better to be prepared and not need it, than the other way around.
if you follow history, you'll know that booms, busts, and bail outs are a predictable cycle. Every so often something more extreme happens. Total revamp of currency system.
This is the point where, unless you're already committed and have no choice but to hang on, it's worth asking the question: is this company just stringing along investors?
A long time ago I saw the CEO on tv being interviewed. He seemed nervous, and my gut told me that he was an honest guy, but being put up to something dishonest by outside pressure. The pps has completely tanked since then. He puts out stammering PR's like today, where he seems to be struggling to maintain some semblance of integrity. We shall see... in another year, do they have contracts rolling in, or are they heading for the pink sheets?
"In addition, we see a shift in timing for revenue recognition from previously disclosed contract bookings for our commercial liver tissue product. To be more specific, our adjusted guidance for revenue recognition indicates that certain milestones from a large customer are now anticipated in early fiscal 2017 rather than late fiscal 2016, reflecting the need for this customer to finalize aspects of its work plan. "
Who wrote that confusing mess? In my judgment this is a red flag. Sounds like someone was struggling on how to word this and just plain gave up on it.
Someone else mentioned a payment from L'Oreal. That makes a lot of sense. Are the liver contracts taking up front payments? Sounds unusual. No offense but I think you're grasping at straws to find imaginary contracts and revenue. If they have this sales activity going on, why would they hide it? They wouldn't. If they did, that would be insane, and a reason to sell right there because what sort of management in a publicly traded company would try to hide good news from investors? Just makes no sense.
Yes, and it might be just the right time to jump in, rather than sell... but which one(s) to buy? I have a small position here that will go down with the ship if necessary. It's mostly just to help me keep my attention on it, to watch for a positive sign. But when I say "probably smart" it means I think I'm an idiot for wasting time and money on this thing. So far it has followed every classic pattern of a total scam. Pains me to say that but it's the non-emotional side of me talking. If i listened to that side of my brain more often, I'd be a billionaire by now :D
You may be right, but... as an example, I was following GTAT closely before it went bankrupt. They were hiring. People on the message board used that as a reason why they were bullish. Turned out to mean nothing. I've seen it on numerous companies that eventually died on the vine. Another way to look at it is: they're hiring, which means they're spending. But they have no revenue. Money comes from selling stock. That gives the pps a sort of radioactive half-life scenario.
Deposits, fine. I interpreted your post to be looking for evidence of additional contracts or revenue that have not be explicitly stated.
Regarding the mysterious secret sales activity that is not being reported but supposedly happening. I stick with what I said. Either they have no contracts, or they do and are not telling anyone, which is insane. Nobody does that. Nobody. It's against the interests of the company, shareholders... even customers, since it helps push the company into oblivion. You're seriously investing in this thing on the hope that they will suddenly one day announce a large bucket of contracts they've been collecting, but hiding? That's a fairy godmother scenario
Comparing DUST to NUGT... I would expect a roughly inverse correlation. Instead, DUST is pretty much flat, but NUGT is down dramatically. Does this imply that investors are getting the shaft, or is there some other explanation?
Even a billion dollar company is going to take it slow on these price tags. It's a new product. Great technology doesn't always mean great sales. Think about this: who decides? The guy in charge of research might not want to change things. If he switches to a whole new way of doing research, what happens to his little empire? To make such a sale you need to talk to the right people and even if you convince them, they might face a lot of resistance from within. For an untried, untested product totally new to the industry, lots of hurdles to overcome.
Thanks for the info. Why do they call it gold miners bear if it doesn't reflect the downtrend in gold miners? I still think the name implies an exact inverse of NUGT.
a little perspective for those not familiar... i used to work with some african guys and they told me how things tend to operate. these guys were from a wide range of different sub-saharan african regions, but they seemed to be broadly in agreement about this:
if, for example, you buy some land and build a house. during construction you must guard the property day and night, or someone will come along and knock down the construction. quite possibly, this will be whoever sold you the land, in the hopes that you will fail to build and they can then turn around and sell the property again to someone else! also, someone might come along and claim the property as their own, at which point it's very difficult to argue about it. even worse, if you tried to buy land for future development, good luck because anyone might come along and build on the property, and your best case scenario in the long run is that MAYBE the court will force them to buy you another property somewhere else, but they won't be forced to buy one for the same value.
in this atmosphere, anyone trying to do business in africa must be out of their mind imo. one of my friends actually had strong local connections, going all the way up into government, and STILL had land stolen out from under him... how is a foreigner going to have any hope? ridiculous.
yes it's slightly OT, just wanted to throw that out there because it's genuine info that a lot of people don't know. and it's relevant for anyone doing business in africa, even africans, as my friends would be happy to tell. the one guy lost a fortune on a brilliant real estate purchase that was stolen out from under him, with no legal recourse to speak of
I'm not mentioning it to give excuses to TRX. I know it's POSSIBLE to do business in africa, my point is that it is far more challenging that some people realize. and likely to require a lot of greased palms and feet on the ground
grisly stuff. takes "playing hard ball" to a new level... not one I would want to have to go to just to engage in business. I know bad stuff happens everywhere and all, but thank God we can generally avoid going to that level here in the good ole USA :)