errr - no.
there's no analyst coverage of the stock (and won't be going forward) so upgradescan't happen as there are no ratings currently.
and for the short squeeze...the stock is quite difficult to borrow so the influence of shortsellers on the share price might be close to zero. The intense selling pressure is actually due to retail investors like you and trapped momentum traders who are looking to finally exit the stock after being lured in by a blatant seekingalpha article
can't believe you are still in the game after ten years when acting like this...
the stock closed at the lows with heavy selling pressure all the day and for very good reasons (stock doubled on a pump and dump article on seekingalpha and is still 25% higher than before the article despite disappointing results).
retail investors and momentum traders are trapped in this stock and many of them can't or are not willing to hold the stock over the weekend. So this will see another distribution day tomorrow and perhaps another one on Monday until the volume starts to dry out - which won't make things better for longs.
investors would still be better off to finally sell here and look for a better company to invest - this will be in the low $3 before the Q4 report three months from now.
By the way:
Perhaps you would like to take a look at VMEM after hours - I guess you might think this looks cheap but it will me down more than 50% tomorrow.
the ambulance chaser are lining up already for their class action lawsuits - company manages to even miss the generous analyst consensus for their first public quarter which is close to impossible as analysts are heavily lowballing their initial estimates.
looking at Q4 guidance things become an absolute and completely unbelievable mess as the company will miss analyst estimates by more than 25%.
this will go down by 50% or even more tomorrow as IPO buyers will head for the exits
Don't know how to value the company based on this mess as cash burn remains quite high. Sell.
it all comes down to guidance during the conference call - reading between the lines management commentary doesn't sound like they are overly optimistic for Q4. Cash flows VERY weak also. Analysts will ask about that. Will wait for the call but if forced to take a position it would be on the short side here
just too many retail investors and even some momentum traders are trapped within this stock and many of them are still betting on a rebound (which might very well come next week but won't hold for long anyway).
remember the stock was significantly below $4 when the seekingalpha pumper published his blatant article and has been in slow accumulation mode in the days and weeks before (perhaps the pumper and his friends loaded up).
remember also that investors anticipated a further qoq improvement and in no case a 30% revenue decline.
so this will go back the whole way and then some more I would expect - will revisit the stock around $3 going into Q4 earnings I guess.
their auditors resigned in 2012 for undisclosed reasons and the year end results were delayed. Nasdaq halted the stock in May 2012 for a long time.
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.