Did you see how much its still making even with last quarter's revenue drop. It maybe there only BIG hit, but there are other games filling in KING's prior revenue stream. We have 300 million people in US. They went Global and now have a chance at least 5 times the client base possible. Pretty good come back strategy until they can pull another rabbit out of their hat. Analysts know this, but for some reason (none of us know) is the reason why a large revenue (loss) from the norm will always get you put on Wall Street's S-List.
I just do not get it. Even when it has a day where it should break out, it falls short around 2 bucks. Someone or something really wants it to stay here. Hopefully it will break out.
It was about 2 years ago and he highlighted this stock on several occasions on his show. I also think he had the CEO on the show. He was talking about it like it was going to be something extra special in the industry. He misses a lot, but this must be one of his biggest snafu's.
BUT...I am still shocked to see a Cramer love affair stock get killed this bad. If I remember right...he made it seem like it had something very special the rest of its industry did not have with tremendous growth potential....so what happened?
TVIX has no logic. The termites continue to eat and the only question is does it become insolvent before the bugs weaken it enough to create a collapse?
Where is the Math to your statement? I understand that this earnings is paramount, yet $4 bucks??? This is pure drivel. Help me understand with some REAL math, otherwise your statement has no merit.
Preacher Williams (The Elite Friend Dude) did say this would be a major sign its close to the end.
There are so many lies told to help float this market. I just hope that Credit Swiss can pay off if it does turn. Right now it looks like its a slim chance of that happening, but if all the truth comes out and people react like in the past, that this POS TVIX can make you rich. Its so disturbing how little it moves up, while its downward trek is fast and furious. The only way for it to move up faster than it moved down would be a realization by the Billionaire Boys Club that the party is over.
When I look at past income statements and cash flows, its hard to believe the resent Income Statement and overall Balance Sheet is even positive. Makes no sense!!! What does make sense is balance sheets and resent income statements usually mean increases share price not down 50%. Somethings really shaky about TC.