The cartel signaled their move tech. NFLX way up on an OK quarter number 1. BABA drops like a rock on today's report number 2, Scamazon runs.
Was it really a great report? I haven't analyzed it closely but i don't see it. They beat a greatly reduced target and missed on revenue and guided down.
It's a pain trade and when you see the usual suspects running out in front of it, you know they have something up their sleeve, namely Mahaney and Munster.
I wouldn't be so sure, too many expect that and the cartel has been out in force.
Watch for mediocre results and guidance and lots of bunk being thrown around about gross margins and the like.
No kidding. Everyone knows that including the CEO who stated as much on the call. The 1st quarter can be the slowest quarter, it often is, and the 4th Q is always the strongest.
The market knows this and the analysts know this. It will be reflected in the estimates which will be increased from where they are.
That's the normal trend of the business and has been probably since they opened for business.
I think any reason to sell is purely market risk as the overall market is the weakest it's been in quite some time.
They have more cash on the balance sheet than 1 year ago after paying out $7.2M in a divy and $10.2M for an acquisition.
Given their size that is phenomenal.
They actually did provide full year revenue guidance for 2015 of $84M-$90M so mid point guidance is a hopefully conservative 15% year over year.
Holy mackerel! I had looked at the balance sheet and noted the slight increase in cash year over year at $57.4M vs $55M+, thinking that's pretty good since they paid out $7.2M in the annual dividend.
What I did not realize is that the $10M for the Fiberblaze has already been accounted for in this total!
Charts can do that.
I have to take a closer look at this one. If I remember correctly they have a low book value so the balance sheet could be stronger but these large contracts could be a continued opportunity.
He's allowed to sell shares. That said the higher this goes the worse the risk/reward given that the fundamentals are in the eye of the beholder.
For those that don't believe cartel like manipulation happens in the markets. It's been happening and being quietly broadcast in market after market.
I saw an article on my phone earlier on Yahoo Finance regarding the rigged currency $5B+ rigging the TBTJ is being held accountable for with descriptions such as "mafia" and "cartel".
When will the abuses that surely exist in the stock market come under the microscope? Probably not until after a fall.
Do you think stocks like this one might just be part of such schemes?
Yes a bear does shyt in the woods.
Good luck in your investing.
Let the free markets be free and let those that need an edge by potentially cheating explain themselves when the time comes.
Is that what the cartel is selling?
i believe their selling it and will do their best to support their cause but sooner or later the market wins and the criminals lose.
The call will be very important but the CEO confidently told us they were back on track on the Q3 conference call and in q4 they delivered.
Back on track reaffirmed!
Good point. While dated since it's 1/15/15 data, short interest was at the lowest point since 3/31/14 with only 41.7k shares short.
Honestly haven't you seen those before within the last month or two?
I'm asking, it just seems I've heard about bottoming technicals before on this board.
Please advise and thanks.
I had already skimmed this article and have said pretty much the same thing in my postings here.
I agree with the author and will miss the spike and/or further drop from here since I am content to watch from the sidelines.
Who knows. The stock has just moved down and up on relatively light volume.
Maybe the quarter's OK but what about the CEO's tone on the go forward?
I'm not wasting my time on predictions except that they will report earnings tomorrow morning.
The 52 week low of 13.67, tested but not breached this AM (13.75 this AM's low). We'll see if it holds up. today's a FED notes day.
If the market doesn't react positively to the FED notes this could mark a turning point in the market IMHO and not in a good way.
The algos usually see a few positive words and go nuts with buying the market.
I'm expecting that they'll say data dependent on raising interest rates but they may even soften their stance on raising rates anytime soon. Now if they want to continue to lose credibility they'll hint at he next round of QE.
You don't think "they" see it? How about they have an idea but perhaps think either a buyout could come or a passing of the baton before the fall?
This is trading games for them IMHO but we'll see in the long run.