I'm not trying to insult you, but you are always wrong on your day trade predictions--- FYI, just a matter of fact.
Contrary to you as another example, today JDST closed up today, and probably will continue tomorrow. There have been those here (me, too) who've pointed out JDST as a buy in prior days, too bad you don't listen.
You like to chant long term gold fundamental arguments, such as debt, currency devaluations, etc, and that is part of your focus problem. The Gold Bugs have been saying the same certain reasons to be bullish like a broken record for years and years, and even since the highs in 2011 while gold has dropped intensely, but it is a distraction from how to actually short term trade gold related funds.
I actually don't disagree with the long term reasons to buy gold, but that is totally separate from swinging trades on JNUG/JDST in short term on daily or intra-day charts.
None-the-less, it is good if any BAXS insider buying down here is occurring
Then that settles the issue of cash/financing. But my thinking is that I've seen similar situations like this, and the dilutive selling does take periodical breaks, so it would be a mistake to assume under .20 is likely. On the other hand a person would also be wrong to assume .36 is bottom. I just think a careful scale-in at developing levels while being prepared for .20 area, and seeking patiently an outcome for a trade to .60+ is reasonable in my opinion & experience. By year end I think BAXS will see some nice upside & news to propel it.
I'm not super bullish on gold going into 2nd half of 2014 with interest rates likely to rise & I'm of the belief that gold would be in low 1200 range by now now had it not been for geopolitics, however I agree with you that that poster above has made extreme short term predictions every week that don't come true.
I'd also like to note that after the current S-3 is finished, I'm sure they will find more financing by end of 2014, so I would not worry about the current S-3 not being enough cash.
The fact they did an S-3 filing, hence raising cash supports the position that the company is financially safe in short term as it is resolving the cash issue, but it puts pressure on the stock price obviously. Also, they are only part way into the first 6 months of their NASDAQ under 1.00 probation, so there is no hurry or need yet with a rev split. They should delay that split as long as possible. It would not make sense to rev split before December when they can get a NASDAQ extension thru almost June 2015 yet. If they stay under 1.00 then a rev split is inevitable, but the expectation of a Reverse split in the phase of the first 6 months probation is senseless. And if they do have some great news by end of 2014 (which I think they will), it is very possible the stock gets back above 1.00 for a while. So again, a rev split should not even be an issue or even effected, or expected until later on during the period of at least their 2nd probation period of 6 months. Way to early now thru December.
I was just replying to your overly judgmental & stereotypical comment. And I actually know my facts. I was basing George Soros (total opposite of a hick) as an example to contradict your statement because he has been increasing his gold miners stake. Certainly that is relevant, unless of course you want to pretend it is not. I'm not using Soros as an example to buy or sell miners. I mentioned him as an example to disprove your stereotype you posted.
LOL, George Soros is a big owner now of Gold miners... Seems that is an example to contrdict your ignorant hillbilly hick stereotype
You post makes zero sense, and it certainly does not pertain to me in all actuality. You seem like a sour old bag holder taking out your frustration incorrectly on me!
I posted my assertions/opinions on NEPT & that is what a msg board is for. I posted honestly what I chose to do for a quick trade & I also wished everyone good luck. I didn't do anything wrong & I was not harmful, yet you chose to make such a lame negative post to me.
People like you make these boards stink, and that's a blunt fact.
Thanks for the horrible advice!! My JDST making me money (bought in 9 area), contrary to you!
"our recurring losses and negative cash flows from operations raise substantial doubt about our ability to continue as a going concern".
All stocks that are not profitable say that in their 10-k. BAXS current cash is low, but they have an ongoing ATM diluting it to new lows, so they are raising money. In short term my case for it as a trade is to pick up shares at recent developing lows with most of bad news behind it & eventually the dilution will take a break, while I think increasing revenues in 2nd half of the year along with further developments on their product by year end will hype this up for a trade. Maybe .60, maybe 1.00 is a range that is reasonable for higher place to sell from buying on developing lows under .40.
Again, I'm giving a short term trade prospect. Not long term here at all.
I'm just glad I had stop-loss set @ .40 (after owning since Tuesday @ .389).
Fortunately I got out of it without a loss, but I'm looking to re-enter as i'm seeing new lows again today developing.
From Tues-Thursday it was showing early stages of a set up for break out if it could've held .40, so it is why i had cautionary stop-loss set to sell .40 if it crossed that mark.
That was a baseline for me on BAXS for technicals, but now that it is at new lows again today, now I must re-assess.
...I believe it'll make the break out higher (after establishing the .38 low) with much more advancement. Just a technical perspective.
That said, I think bad news behind this thing.