I had the same thought but those shares could be for future splits although they will most likely need to raise more cash and there has to be a decent chance they do a secondary at some point in the future since they have to know the shares are inflated and even better than raising more debt.
Ask Sybs. He knows this stock well (sort of) and he's good friends with the trading Gods (I'd hate to see their enemies).
If it's not sell the news this could cause a further squeeze although the last reported short interest was not very high on a relative basis but that was on 5/29 and the new short interest through mid June should be out within a few days,
I think Greenfield's $950(?) target may be rounded up to $1050 or $150 post split since it's a nice round number. Definitely a disruptor but this looks like a retail investor suck in but #$%$ do I know. It could hit $200 post split before there is any disruption of the disruptor.
The one thing I will say is they should have pricing power given the alternatives but how high will be too high.
I'll do my best not to find out without some exhaution.
Maybe but does anyone doubt that a few of the analysts will only adjust their price targets for a 6 for 1 split, i.e. they will find new reasons to raise price targets. :-)
Currently above $698 after hours for whatever that's worth.
Sybs, you rarely disappoint (sort of).
I hope for your sake it's a sell the news event but I wouldn't count on it.
7 for 1 stock split sybs. Your timing is amazing (sort of). It's effective 7/14 I believe they said.
I guess you are hoping for a sell the news event tomorrow.
I think you better cover since if the MOMO keeps running the shares will head over a round $700 and beyond.
AAPL's 7-1 worked out quite well for AAPL. Of course, I'm only comparing the split and nothing about either company.
You short this time smitty4901?
That may work considering last quarter they basically met and maintained full year guidance and the stock got destroyed.
The CEO does not control the share price. It sure looks like Wall Street does or it could simply be honest supply and demand. Just as I'm sure it is with the MOMO rackets that go up no matter what.
Realize that even with the big drop after the earnings short interest was extremely modest so you are free to pile in.
Well, he's calling for the 100% price increase I asked about on a buy out.
Usually these moves fade so you may get the chance to buy lower unless another analyst or two comes out and beats the drum which is always a possibility to try and muster up some short squeezes in the sector.
More than $26? Based on what?
Eh, probably more the case that max pain is much lower than where they opened it. Just like NFLX. Friday pre-market pump and dump.
It's non news. What's news is even after the recent run the company is still backed by over one third of it's market capitalization by cash.
Of course this cash is currently being spent on various drug trials but the risk/reward is still towards reward at the current price.
That doesn't mean it won't back track a little but it should fill most of the gap from the BEST FIt test results which could get it up to about $14 at some point.
Oh and right around the corner is almost 2 months unless they were to pre-announce which they haven't been doing the last few misses.
If no company specific concrete news I would expect this to be driven by the sector as is often the case.
Volume still pretty muted so some shorts probably tip toe away while others stand firm. Of course i have no idea how many of them are hedging selling puts etc.
Rinse, wash, repeat. Same story stan. Why no slippage at the end of this Q?
Eventually maybe they get a meet or beat?
You would think but the other 3D's may drive the sector until then.
If memory serves me correctly and I'm fairly certain it does, it held above it's all time lows the previous two misses on revenue and earnings only to make a new low later in that quarter.
i would say that if one of the other 3D's has material positive news that will change. However if they have bad news than some price below $11.86 is on the way.
Of course I'm talking about an overall neutral market. If we get a correction from here a new 52 week low is most certainly in the cards without other news but on a relative basis who knows it may or may not drop much.
I partially read and skimmed the call transcript. It still sounds pretty sketchy as the sales cycle is long and the revenue recognition is based on the customers setting up and accepting the machines as opposed to leaving them in limbo. Even Fortune 50 (not sure of this was a typo and they meant 500) companies according to the CEO.
It's all about satisfying customer needs as it should be.
The CEO made a comment later in the call which sounded more like we are sticking with full year guidance for now. That along with their excellent track record of missing estimates, leads me to believe there is a quite excellent chance that they will lower guidance or just keep up their excellent record of missing guidance.
I didn't see any questions regarding the potential $150M offering. Not sure why?
It looks like they struck while the iron was hot and became a public company, i.e. the whole other people's money way of doing business but it's quite possible this should not be a public company.
We'll see how the saga goes moving forward.
Would another company pay a 100% premium for them?
I have no idea and I'm guessing most people on this board don't either.
Well at least it held above it's all time low by 4 cents but if memory serves me correctly it has done that on the last few post earnings days only to make a new low later.
Looks like volume is relatively muted considering everything.
It pretty much was a fib retrace of the recent move.
Probably more violent type moves while volume is still strong over the coming days.
I'll go the opposite way. how come the shares popped into the $8's on the Phase III trial news months ago and quickly faded all the way into the 5's? Did that really make sense when the shares had plunged from $13.96 all the way down. it barely filled any of the gap at that point.
They sold you fanofstan, just as I predicted.
Here's the deal these late quarter revenue recognition things have happened before. They should be planned for when forecasting difficult to do but use a multiplier. So those will hopefully be counted this Q but what about the late deliveries this Q?
That said perhaps the service revenue is a sign of things to come.
If I get the chance I want to listen to the call over the weekend or read the transcript.
Good luck. If you keep adding shares you may want to sell some when you see some short term appreciation to lower your risk.
You mean they were too early and the market is responsible for their previous ridiculous valuations. That's what happens when central banks perform world wide QE. Junk gets pushed up but these companies took care of that because they have not come close to delivering and they have cratered. Now it's a game of where is the bottom.
Don't worry I'm sure the Bozo of a CEO will blow plenty of smoke tomorrow. I hope he is asked some direct questions about the possibility of when the $150M offering may be triggered and further details on it but.? You would think this guy could meet one forecast but instead they show negative growth of 7%.
I would not call a 4500 share purchase a large insider buy but $37k+ out of pocket today as the stock has been running certainly seems like a sign of confidence.
Stupidly I balked at the earlier fib retraces but bought more shares before the close when his buy was brought to my attention.
I still don't have a large position for me but I plan on holding at least half of it and either adding some trading shares or trading half of what I have.
Bzp=Bozo=the CEO until he proves otherwise.
Cash is disappearing before your eyes and thus they have that $150M offering in the wings should they need it.
I don't like CEO's who consistently mislead or are just plain incompetent. He reshuffled the lawn chairs on the deck of the ship but he's still the captain. Is this a make or break year?