don't make me laugh - why should anyone assign a pe of 11 to a former Chinese fraudster with gross margins below 10% - they will have to show much better and consistent results going forward to get back to recent highs.
lol lol - just better listen to me I guess - but of course I couldn't care less about your losses
covered $4.60 - might still go below $4 today but won't get too greedy here
finally found some shares to short this morning
actually I have great confidence in my predictions so let's meet again here tomorrow and have a look at your losses.
even without the seekingalpha hype the stock would have been down on the disappointing revenue number (down 30% qoq). Cash flow was also negative $5 million so this would have gone from $3.80 to perhaps $3. Now it will end up around $4 tomorrow which still doesn't look too bad given what would have happpened if the sa pumper wouldn't have shown up.
there are no shorts here as the stock isn't available for short sale anywhere. All the after hours selling was done by disappointed retail investors who found out that the seekingalpha guy was simply wrong. There will be further selling tomorrow with the share price going back all the way to $4 and perhaps even lower.
guess the seekingalpha pumper lured you into the stock, too. You will learn the hard way tomorrow.
actually you have to deduct the short term bank debt to arrive at a net cash position of $2.2 mln. It doesn't make much sense to look at cash while concealing corresponding short term debt
RSOL lists them in their own investor presentation you obviously do not know - which is a shame.
so the number two in the US market behind publicly traded market leader Solar City (19% share) is Verengo (7% share), followed by Trinity Solar (4% share), Sungevity (3% share) and REC Solar (3% share)
right - but you have to deduct the short term bank debt of 11,451 so you arrive at net cash of $2.2 mln. The company has 17,760,356 shares outstanding so net cash amounts to 12.5 cents per share
I would expect you to moan and groan, too, tomorrow. The numbers are a huge disappointment given what the seekingalpha guy has promised to the momentum crowd and retail dorks going into earnings. This will give back all gains and then some. Watch out.
actually you can't read - the $4.88 number refers to book value which has nothing to do with the cash balance
do what you have to do but this is just plain dumb - the stock skyrocketed from below $4 yesterday to around $7 today solely due to an overly optimistic earnings preview of a blatant seekingalpha distributor.
now that earnings came in far below last quarter's numbers the bull case clearly didn't play out AT ALL so it looks pretty logical for the stock to not only give back all of these undeserved gains but also will leave the stock lower then before this hype.
there no guidance in the press release and the company usually does not guide on the call either.
I doubt this will be $2.50 tomorrow but I clearly would expect a close below $4
of course an offering rarely gets placed above market price. The dynamics of a secondary offering usually drive the shares down big time as institutions will short the stock into the offering and cover their positions with the shares obtained in the offering. Also there is dilution to shareholders so the stock should be down anyway.
the placement price depends on the strength of the placement agents client connections and the amount of shares offered. Roth and Craig-Hallum are both Tier 2 firms with somewhat weak placement power so it is fair to expect a big discount to today's closing price. Would expect the shares to be placed at $ 6.50
don't be foolish - sell now - will be below $4 tomorrow - this is such a shame - I would have loved to short the shares