Memory, I know the volume says otherwise, but let's hope it's a classic orchestrated shakedown/takedown in advance of an impending large rise. Have seen it many times over the years...
Thanks, Dave. The release today also had a bunch of cautionary statements (no guarantees, blah, blah, blah). Is there anything here to attempt to read into, or do you think it's just a combination of normal boilerplate language and Chippy's usual cautious, protective presentation?
Marnis and others, two questions:
1. Certainly the pricing for EMS has been determined. Why no mention of it in the release?
2. Reliable info was posted here for months that it takes exactly 6 months for a company stock to move from EMS to the big board. Why is IMOS talking a year?
Happy Birthday, Sean! Hope your 12.50's run hard today, the meal is great tonight, and 2013 is a year of great health and happiness...
Thanks, Caff. This is indeed an arbitrage opportunity. Not only will the stock need to catch up with Chipbond's metrics, the mere fact that Taiwan trading will lead the US price through the ADR's creates an opportunity to buy the U.S. shares in advance of the impending re-valuation. There has never been a better time to be invested in IMOS. Absolutely EVERYTHING is going their way right now. Without any hype whatesoever, $35 might be too low a 15-month target price...
Does Simpleton notice that absolutely NOBODY responds to his idiotic questions and requests for opinions? Or that posting all weekend about a meaningless 350 share after hours trade gives him no credibility whatsoever?
Caff and Buffy in a lovefest? What has this world come to??? What's next, an Ike and Tina Turner reunion???
I am not at all bitter towards you, Putzie. Rather I pity you. You used to be decent guy, good sense of humor, open minded and so forth. Money changes people, I guess; the gain or loss of it, I mean.
And you are wrong. A deferred profit is still a profit. It may not come in a bow and fancy paper to make it easy for ignorant newbie investors to understand, so they created accounting terms such as "adjusted ebitda" and "non-GAAP" so that the newbies and negative nellies just MIGHT be able to comprehend the finances.
Don't try to debate me, putzie. You are no match. Like a Rhodes scholar against a kindergartner. You are now ignored, Bye, putzie...
You don't ive up, Putzie, do you? The most negative man on earth. Not to mention ignorant.
Kage doesn't need anyone to fight his battles, but clearly he was agreeing with CS that SIGA would WIN the appeal. The timing issue we can all speculate on, but that wasn't the point he was agreeing with.
Your ignorance continues with the revenue timing. A profit is a profit, Putzie, even if it is deferred. They'll have the money and can spend the money. Or even buy back shares with the money!!! Like Rose does! Oh wait...
Does anyone know if there was a gap created on last week's rise? If so, we may be in the process of closing/filling it unfortunately...
Sean, can I get an "attaboy" for this post on March 15?
"Gotta say I like the April 12.5's at .15 despite all my earlier option wounds..."
Just wish I had deeper pockets.
Congrats to all longs today. It's been a tough few months, and the fun is just beginning...
And to think, the stock buyback won't even START for a couple more weeks. Seeking Alpha summed up what we have all been talking about for months- 2013 and 2014 should have everything coming together for IMOS af long last.
at a 3 month high. Real nice forex gain coming in the March quarter...
You built a 90% position and didn't budge the price? When are you going to buy the last 20 shares?
I am not a technician, but I would say the recent trading has been very disappointing. Clearly there is some accumulation going on, but there is also a seller with size keeping the stock from breaking out. The stock has now made several runs at taking out $12.10 with force, but keeps getting knocked back. Volume has been above average, but the seller keeps providing inventory. Don't get me wrong- the stock has made a nice move since earnings, but it really feels like it wants to bust higher but keeps hitting a wall. If the seller was smart, he would take a few weeks off. The stock would likely run a bunch in the next few weeks as word gets out about the strong March sales across the industry, and he would get a much better price a month from now...
It looks like our first attempt to bust through the $12-$12.10 resistance wall failed today. Just not enough volume yet, and an overall weak market. Hopefully we'll make another go at it tomorrow.
Nice job, Sean. I was fortunate to pick up a few at .14 before earnings. Luck to us all- Lord knows we've paid the price in previous months...
Someone picked up 200 April 12.50s today.
Option writers of IMOS need to be very careful. This stock can take out chunks of price very rapidly with little volume. On the last run a year ago the stock would often gain .60 on 20,000 shares with a lack of sellers. The story here is still slow getting out, but once it does, they'll be falling all over themselves to get in. Frankly I am surprised that there hasn't already been Taiwan buying looking for the arbitrage opportunity that certainly awaits...
Big wild card here is Sony Playstation 4. They played up Rumble at the announcement. Vic specifically said at settlement time that a new contract would be necessary for future consoles. PS4 will be huge later this year, and that should all be new business not currently in the guidance.
Super, I believe you're being too pessimistic. This stock was in the teens before all this #$%$ started. A ruling that states that there will be no profit split, even if sent back to Parsons to determine actual damages, is huge for SIGA. I could see a big run on such news. Even $10 would not surprise me within 2-3 days after the news gets around. This stock was punished way below fair value and can just as easily overshoot fair value to the upside. One could argue that SIGA is worth $6 today even if it HAD to split profits with PIP. Even half of just the initial contract will lead to substantial profits for SIGA.