You have been witnessing the supply side, not the demand side.....you'll know when demand is moving us to equilibrium pricing. If the demand had already kicked in, we wouldn't be in the 4s......and when it really has kicked in, you won't even be able to touch it below 5.75, IMO. What you are witnessing now, IMO, is the supply side drying up even in the face of demand that has not yet kicked in. Again, when it does, you'll know and so will all the rest of us.
If indeed you are representing a party that wants to see the price lower (and I firmly believe that there are funds that establish posters on these boards for their interests), when your party makes out like a bandit after it covers and goes long, then making it again on the big upswing to come, it doesn't seem fair that they wouldn't share with you. After all, you are doing a lot of the grunt work here, it seems to me.
It's not just going to look good in a few weeks; it will look fantastic, IMO!
And BTW, I added another 5K at 4.91 before the close. A short, like yourself, has to watch and sweat every momentary move. I'm telling you my buys right here and now. If I ask you where you shorted, I'm sure you will say it was a while while back near the highs. I'll ask anyway, though, where did you short?? Or are you earning a few bucks, representing someone else, trying to talk a few more folks out of their position.
I'm not on margin like you, if you really are short, and am not interested in pennies like you. I'm looking for several dollars per share increase. So are the analysts. Why do I care if it dips to 4.60 or so if it's going to end up above $10. I don't need to sell....but when it starts moving north, you'll need to cover. You have no liberties as a short....you are living on borrowed money and borrowed time.
I also know you can only scoff at my arguments but not contest them well because they are not emotionally-based but rather based on what evidence is available to all of us relative to what GLUU expects next. All analysts project higher numbers today than just 30 days ago (which, btw, 30 days ago was "before the last earnings report). That is, the last report resulted in analysts "raising" estimates, not lowering them. So, how can you defend a view that the price is more likely to fall from here than to rise (and rise a lot)?? Go ahead, I'm sure I won't be the only long listening to you stutter your way around. I predict you will give an irrational and emotional response because you've got no real ammo!
P.S. Count yourself fortunate GLUU has shorts such an unusual opportunity from the 7s. Don't screw it up for your employer.
The selling has to exhaust itself, but today, it's not even able to keep it from remaining green. I don't know about others, but I'm not buying here for 5.25 or 6.25, but for at least a double in price, because I think we are headed there and perhaps a good deal higher if things fall into place well.
As if I don't have enough, I bought another 5k on the dip back into the 4s (at about 4.97). My average is 4.95 now; I don't believe GLUU is going to hang below 5 much longer. JMO, Hopeful
Think about supply and demand since it sets prices;
With this is mind, consider supply side first.
How many people are going to sell below the current level over fear that the price is headed much lower soon?
Now, the demand side.
How many people are going to buy at or above the current level because they believe the price is headed much higher before long?
Count the supply side potential volume and compare to the demand side count. Herein is the only real basis for extracting an opinion about where the price is going from here.....whether this minute, later today, tomorrow or the next day......this again is the central basis for forming a rational opinion.
I've expressed mine (opinion) already, but since supply and demand equilibrium for stocks is related directly with the outlook for operations....and all analysts agree that the outlook is improving significantly.....I can only arrive at one position relative to supply and demand after the recent price collapse. The demand for GLUU stock at this level is much greater than the supply and, if this opinion is rational, while I don't know the minute that the re-pricing will start, I strongly believe that equilibrium of pricing favors a significant increase in price from where it presently stands.
Even though you work hard to irritate people, you should abandon the showing off and consider the reasons for owning CONX now, apart from Ebola concerns. This little gem has much going for it and recent volume spikes (even if triggered by Ebola) mean that a lot more people know this company exists. IMO, that kind of volume could return anytime and suddenly. This is one of the cheapest companies on the market for the business you can get for your money as a stockholder. It has been irrationally too low for too long. Albeit I've only been here several months, I've done a fair amount of reading on the history of this company and have benefited from those on this board with a long investing history. If you think this company is a loser at this price, and with all it has going for it (products, profits, strong balance sheet, solid partnerships, etc.), I truly don't want to ask about what stocks you own.
However, underneath it all, I believe you are just here to get some personal attention for being annoying and I have to compliment you.....you are pretty good at it. :-))
They ought to be sweating. Everybody and his brother, in addition to the shorts looking to cover, have been trying to pick a bottom because they want in. Analysts raising estimates while price is crashing....what a setup. Everytime this thing thinks about dropping below 5 to any degree now, a flood of bids are going to come in, IMO. If I was a short, I would have already covered and wiping my brow for being able to do so at this level.
I think we'll be back up so fast, it will make our heads swim.
My post was not intended to demean you or anyone in any way. In fact, I had read the criticism of your use of words several times and I hoped I could write something to cause that criticism to stop. I probably have not followed all the conversation so maybe I was out of place to say anything. My goal was surely not to increase conflict.
Your post offers a legitimate reason why some might be selling, anticipating that the huge growth experienced right now may be hard to build on before too long. However, my thesis continues to be that the stock ran up so fast that the market was looking for any excuse to pull back. It got but a minor one in the last earnings report and that was with regard to the forward-looking margins being less than expected. Overall, though, the outlook provided at the time of the last earnings report was amazingly outstanding.
Yet the market latched on to that margin issue and now we are observing a preoccupation with the various uncertainties.....for instance, a preoccupation with the stock price itself (apart from the business) and whether it will just keep falling and break down technically, a preoccupation with what you mention....namely, a concern about the sustainability of future growth given that numbers are going to be off the chart this time, as you highlighted in your post, etc., etc.
Circumstances presently dictate that there is such a preoccupation with uncertainty reflected in the stock price now, that we are on the cusp of the following transition of thinking among GLUU observers:
What if the company does blow it away this coming report?
What if the company is able to present new exciting material that sustains or even accelerates growth?
What if the recent acquisition turns out to be highly accretive?
What if, what if???
What I'm saying is that I think we are on a logical cusp of a transition in thinking toward the reward side vs. a preoccupation with the risk (uncertainty) side. If so, the price will surge soon, IMO, with that revision of thought.
Well, Part must have really offended you because you've sought to correct him now more than once. You might get further by saying what you have to say and let it be than to go on and on about it.
The boards merely express our opinions; it should humble us all to know that all we have are opinions to share. If we spend all our time trying to identify the flaws "we think" we see in others, well, that's quite a load to carry around....it's sure not one I want to be burdened with. You think Part was pointing out flaws in you.....so, you retort by seeking to point out his flaws. Where does this end up?
So, my opinion is that you expressed yourself.....so, let it go. If you work to contribute, you are as important as anybody else and you have nothing to prove. If we all have exactly the same thoughts, it would be pretty boring and the saying "iron sharpens iron" would be meaningless. The only time one's thoughts are worthless is when that person has a self-centered agenda that causes him/her to disregard the worth of another. Aside from those with a hidden agenda who "should" be scorned, IMO, the rest of us all have our own "quirks" and we just have to bear with each other there.
That is about the dumbest post I've read in some time. So, this gaming stuff has come and gone, has it?? Thanks for the laugh. It certainly reveals the desperate lack of substance to support a legitimate bashing effort. Clearly, shorts are out of ammo.
Thank you, point-taken. I will check out the posts. We are going to do really well from this price level, IMO. Have a great weekend, friend.
one last thought......when you start to even see the longs say "disregard the fundamentals, look at the chart", IMO, that's the minute you can throw the chart out the window where it belongs. Reading the back and forth here helps me see that's where we stand about now. Some are convinced that we drop to the 50 day MA....others that we close gaps beneath us.....so, who's minding the underlying company and its performance when the emphasis is on a picture (chart) with swiggly lines??
The chart is not what's driving things here; a picture is not what I'm concerned over coming back to bite me; the condition of the company itself is what I'm concerned over. All the talk of where this price decline will end coupled with what the company GLUU is actually doing operational-wise tells me the focus is out of place and that also defends the notion that the price is misaligned (too low now) with the real underlying business.
Shorts are going for broke here. Thumbs up or thumbs down to posts don't mean anything to me or most posters, but they can indicate elements of emotion. For example, my post (to which I'm replying) got a "down" vote and that post merely states the facts. If one simply reviews the analysts estimates, he/she will see that, across the board, analyst eps estimates have been lifted significantly for GLUU over the past 60 days and especially since the last report less than 30 days ago. Again, it's not opinion, but fact. Also factual is the significant price decline in the face of a vastly improving earnings outlook. So, with regard to emotion indicated in voting a factual post like mine as a poor post, it suggest to me that shorts are starting to display fear. They know the score here too and don't like the "facts." I'm personally getting more bullish by the minute on GLUU. I think the reversal could be at hand. (the shorts "last hurrah," if you will).
I'm bettin' on it with my money; I've been buying GLUU heavily here in the 4.80s; if it goes down .20, what is that when the upside potential is 5 bucks??
It crashed from its highs and could have been bought very recently in the 5s. Would that have been a good decision, looking today? Will GLUU look like a good decision as a buy here in the upper 4s....two weeks from now? I'm bettin' on it.
Yes and that's why I'm buying; fear is strong but there's no basis for it since the outlook is gaining strength, not lessening. Always buy good companies when fear is causing a price misalignment. IMO, Hopeful
Conclusion: price misalignment
Just look at the significant uptick in earnings estimates vs. 60 days ago; just like some longs who bought near the highs experienced a rude awakening recently, the same is about to visit any shorts at this level.
I will sure look forward to taking you up on it, Micro. There will be many people here who will deserve that 3 bucks given the patience MCZ has demanded for us to experience it; hopefully, it's not a pipe dream but will become reality.