Never had this happen before, but Fidelity left a message asking if they could borrow my shares to lend to shorts as they're in heavy demand. They're paying an annualized interest rate of 6%.
Draw whatever inference you will from this. Can't post telephone messages
We'll see about that, but one thing is certain. By your tone it's clear you're on the wrong side of the trading. Take your loses with some dignity and civility will you.
What I'm seeing appears to be the shorts buying to cover and there's lots of stock for sale. Once these traders are done and moved on, we'll see if there are any serious long buyers.
I looked at Pomerantz website and on it they list all the companies they're suing. The list goes on forever, but the fact is the defendant companies have to defend and ultimately pay out to make them go away. Vasco has a bundle of cash so these maggots will hold out for a big payday, in spite of the frivolous nature of their suit.
And, of course, they'll have a government agency or two imposing huge fines for the same reason.
This is what our country has come to.
My opening bet is upper teens. These funds are going to take whatever they can to lock in whatever profits they may have left, and the sucker retail players who bought in the upper $20's or more are really going to panic.Don't know where the buyers will come from, so it may be even worse.
When you see these huge short positions being established and insiders finally cashing out it should be all you need to join the party.
That's no doubt a direct quote you posted, but this full year increase was based on the big contract(s) signed earlier in the year. They didn't back off the last half guidance, simply adjusted full year to account for good early qtrs. Granted, I don't think they reiterated the late quarter projections with this release, but they didn't retract them either...simply blended the whole year. Time will tell
For the past 2 qtrs they've been forthright in saying they expect the second half of the year to soften and these guys historically have been quite accurate with their guidance. With the high institutional ownership I'm pretty certain these shorts know this is going to be a mediocre report with flat or lowered guidance. Other than the high PE which is not uncommon in this sector, that's the only thing I can think of.
We'll know for sure tonight.
This is basically just noise that'll cost them a bundle in legal fees but will end okay. But when heaped atop the insider and institutional selling, the huge short position, and their guidance of a softening year end it's sort of the icing on the cake.
Think Vasco will see $20 or below with earnings release, absent a miracle. The shorts, insiders and institutions can't all be wrong.
They have a ton of cash, but not enough political clout to make the problem go away.
Government will beat them like a borrowed mule to demonstrate they're doing their job.
And if you're a conspiracy theorist you might suspect a big competitor or hedge fund is behind this.
That huge short position is there for a reason.
If this were IBM you'd never have heard the story. It'd be fixed in DC with a bag of cash.
These items are all true, but the deal sealer is the insider sales. Prior to this past year there's been no selling, now they and the institutions are getting out as gracefully as possible. These are the people who know what's coming down the pike. They and whoever is holding those huge short positions. Probably the same people shorting against the box
You got it sentinelrules. All of these cybers have reached the point where small beats are going to cost the holders. And don't even think about misses or reduced guidance. They're priced to perfection.
Vasco's already been knocked back ( I think) in anticipation of continuing relatively modest growth, low double digits. If they meet those figures a couple of more points may shaved off, anything less hello $20 and maybe teens. A blow-out qtr with improved guidance, back to the $30's.
Two ways to lose, one to win. Hence, the huge short position remains.
Betting you'll get another gift tomorrow. Naz closed at it's low for the day and a Vasco "rally" from $26 to $27 after falling nearly 30% ($9) from it's high is hardly convincing. Should have sold the bounce earlier.
Suspect it'll test or maybe break $25 tomorrow. Early today was driven by shorts taking profits pretty much all around. Tomorrow the selling recommences.
It's partially a hysterical reaction to what might happen to all European bank, but that's only a small part. No one really cares about Greece, it's the spillover possibility with the rest of the PIGS and Europe in general.
The greater problem is Vasco is (or was) quite overpriced as is the whole sector. $34 was crazy high. And you'll notice the whole sector is down, cybr and virtually the whole group.
Vasco's price should be low mid $20's and I think it'll bottom there unless the shorts really get a panic going. But if you think you'll see $30 anytime soon, think again.
Agreed. Maybe they're just gauging the world reaction to finally pulling the plug. To date though it appears the world wants them to kick the can down the road again.
Living day to day on a Greek deal? They cooked the books to get into the union and went on a spending and borrowing spree. When the EU got after them 5 + years ago to make reforms for continued support they made a number of commitments to austerity. To date they haven't deliver on one. In fact, they've regressed.
The rhetorical question is " what difference does it make if they come to agreement?" They're not going to abide by it anyway!
Saw that piece this AM where he mentioned FEYE and maybe another by name. Doubt he'll mention VDSI and actually hope he doesn't. VDSI isn't as sexy as the rest and their margins are way lower. Growth is also way less.
Suspect if he mentions VDSI is won't be positive...not in this beauty contest.