I won't be so bold and audacious as you; you don't even indicate that you are expressing an opinion, but that's what you are doing. That's the reason you are ironically as guilty as anyone you describe as a pumper. When one holds his/her own opinion in such high regard as to state as fact, it says a lot about that person.
My opinion is that your opinion does not reflect the likely near-term scenario. My uncle just e-mailed me and I agree with his thinking; he noted that BFDI climbed from .13 to .39 on net buying of almost 5M shares over Wed and Thurs of last week while falling the last 2 days from a close of .27 to as low as .18 today on about 1.5M shares.
Our (his and mine) Opinion Conclusion: the buying is probably not over by a long shot. I always put IMO because of one certainty.....no matter how many facts one has to go on, with the stock market and its future pricing, all one can express is an opinion toward the future. However, you write your opinion as though it is certainty itself. In effect, it completely dilutes what you write.
Your arrogance, especially in your last line, sends you to my ignore pile.
Why is it funny; please explain. I've posted several times before this buyout announcement that I found his commentary here very peculiar for a long with a stealth position. After supposedly enduring all that he has, he was constantly talking about how CONX was not going anywhere while it was trying to advance (before the announcement). Yet, he didn't sell per but a handful of his huge position, per his own statements. Everything was looking up, but he was down in the mouth. His behavior is very odd for a long that has waited an opportunity as long as he has unless you think this "take-under" is the opportunity he was waiting for. What an opportunity!! LOL.
I see potential there.....did not get as far as the presentation because it is a China company. I have not invested in one for years and that's just a policy I stay with whether I miss out on a good one or not. I don't like the accounting regulatory environment overall. HPJ has a lot of employees and relationships and probably is one of the good ones; but it's not for me. I did not read far enough to see if they have done a recent capital raise but based on working capital situation, they may need to do something to enable growth to occur. Raising capital, as you know, is dictated as good or bad based on "why" it's being done. When it is a landscape for growth, investors tend to understand and favor a capital raise in the right environment.
I'll say this, I strongly prefer JAKK over HPJ (even if HPJ was not a China company).
Thanks again and IMO as to my take on the stocks.
I've started having the same kind of suspicion. Why does anyone with a claim to have so much at stake who has stuck it out for so long reflect such apathy and submission? There was sufficient volume over recent times for him to have totally walked away for much better than .27 a share. Something smells funny about this deal and Ariel is starting to smell like funny business too, IMO.
....as to different websites talking about BFDI now, they are out there; the google alerts for BFDI I have set up are revealing several sites that are talking up BFDI this weekend. I'm starting to seriously doubt we've seen the end of the run in BFDI stock. Baltimore adversely impacted BFDI because the company had to invest much time and capital but BFDI is not, and has not been, a "story" stock like so many pumped companies. It has a real business with a lot of high profile clients, especially in the state of Maryland. If this legitimate business does get pumped high, it is a well-deserved irony, IMO.
I've concluded there's simply nothing good about Jerry. He has belittled everyone here and our investment in BFDI chronically. He belittled you in the most demeaning way imaginable last year, then apologized, only to come back and carry on here as usual. The only consistent thing about Jerry is his putting down of everyone with BFDI.
He reads this board like no one else; He certainly read of my comment "yesterday" saying I lightened up on the run-up (I posted while the price was still up) and yet acts as though I just said something today after the fact. That's another intentional lie because he does not miss a post but tries to dissect each one for his chronic deceptive spin. I thought there was some decency to him maybe, but there's not.....there's no good there to appeal to.....he'd rather be known for playing the role of a total jerk. Anyone who constantly practices deception, like Jerry, has discarded all decency.
For those reading who may be surprised at my comment, don't be. This comment on Jerry comes after well over a year of him perpetually hassling everyone here. Fish even forgave him for what he did (and if you dont' know, it's too indecent to mention and you would be shocked), but he's still here now even badgering when something good came our way.....sorry to Fish, and all of us regulars. So, it's taken a lot for me to reach the point where I've given up on this character to behave like a decent person. I have prayed for him; but he has a free will and he sure knows how to abuse it.
I thought maybe you might have lightened a bit too yesterday, Fish; I called you yesterday and will try again later this afternoon. Here's hoping next week will be another barn burner for BFDI.
As to another response on Jerry, don't worry.....this is it; his newest version of Jerry is on ignore now.
My point was clear and it's obvious from the responses; I went out of the way to say there was no comparison with one key exception, that being how shorts acted toward a clear transition of company events. GILD shorts were refusing to see a paradigm shift in GILD that was clearly occurring due to its new mega drug. GLUU shorts are refusing to see a paradigm shift in GLUU, ironically due to believing that GLUU's recent fortunes are tied to one very successful game only while failing to believe that GLUU's success with this game is likely telling a bigger story....that being that GLUU is quickly being recognized as an innovator in the mobile gaming space that is to be reckoned with. Time will tell and the one thing we've definitely got in common (longs and shorts) is the same wait and see requirement.
The other day your character (lack of it) was showing with your insults. Today, your sweat is showing. I'd be sweating if I was in your obvious position too.
Like a lot of other longs here, I join them is saying we experienced an unfair hit along with the company over Baltimore. In retrospect, with the politics of this country, why would a Baltimore select a very little company over the big guys with the big lobbyists....unless you are just a "convenience" for the moment? It's sad when you have to gradually accept how political life is in our country today.
Anyway, BFDI is as attractive as any in this particular space of the moment, IMO......I should say more attractive on a metrics basis. Like the piece I read the other day, DGLY achieved well over a 5 P/S ratio on its run to date while BFDI's is just over .5.
Pulling thoughts together, I'm very grateful to have been able to reduce my position to about 40% of what it was (I got way too deep in the first place, honestly) and to now have a much more comfortable position.
With the security concerns we face, it's hard to tell where BFDI could go (it is being pumped too, no doubt). We saw how fast it moved in 2 days....absolutely amazing. So a couple of doubles from here and we're at a buck. Is it possible? I wouldn't bet against it. Will it happen? I wouldn't bet on it.
with almost 10M shares shorted of 22M outstanding and of less than 13M float, it seems shorts are trying to hold down the fort here at 7 bucks. JAKK could really blast off, IMO. You've got some of "the" best small cap institutional investors (like Dimensional, for example) with stout positions on JAKK. IMO, we could see quite the squeeze here.
volume was big 2 days ago, bigger yesterday, both days up huge; today, it's down on lesser volume thus far (still heavy for the norm here). I'm not so sure this run is near over; could be, but it looks like it could have legs to me; the news yesterday was not a fluff type item, IMO. There's no doubt that some pumping groups have gotten on board, but any continuance here will be because there's a real business for them to pump this time. At least, it's not boring us anymore:-))
....not the companies, mind you, because they are altogether different with regard to nature of business, size, almost everything. However, they have one big thing in common:
Both companies garnered huge short positions when the companies were evidencing genuine transitioning of the level of their respective business (transitioning in a favorable direction). GILD had more than doubled into the mid 80s toward the early part of this year.....shorts piled on creating worries about GILD's amazing new drug that cures hepatitis. The stock retracted into the low to mid 60s....got back to the 70ish area and remained in park even though it was almost obvious that the business was not going back anytime soon with the advent of this mega drug in its line-up. However, you would not have believed that if you were hearing the shorts' version. Once covering started, for a big company, it moved quickly from the 70s to reach $110 just this week. It is pulling back right now....I will add to my GILD position, BTW, if it gets back to the 90s again like it did earlier this morning.
GLUU reminds me of GILD when GILD shorts were talking GILD down while it was in the 70 dollar area, trying to create worries that something would go wrong with the new drug situation, even though things did not point in that direction. Well, trying to talk GLUU down here makes no sense in a similar way to me. IMO, the price here around 5 bucks on GLUU is like the GILD price around 70 bucks.....GILD hung around there for days and days but when the move started, it turned on the after-burners. That's what I'm still looking for with GLUU. The business is gaining traction here, obviously, but the price is not aligning with that reality and short-talk sure is not aligning with that reality, IMO.
Something that no one could anticipate is going on. The volume shows that BFDI stock is being controlled by momentum investors, IMO.....for how long, who knows. I'm glad for other investors here and I hope it shocks us all. It's a deserved irony, IMO, for those of us who saw a political machine abuse a good little company.
I had a low cost average and lightened up on the big volume. The press release today may generate a lot of interest, though, IMO. BFDI may actually have a product that's more useful than its competitors who are flying a lot higher right now. What a change a couple of days make. I had to take some off the table though. Thanks again.
It's going to be interesting to see what happens next. The "crowd" may not be real, but what's going on in America right now is real, IMO, and where we stand here and around the world. Wow, I was not watching the stock because I was on the phone.....someone's back big-time.