Good scammers; the best,.
It is so really easy to con people.....real easy Even now the valuation at this price is crazy
If he does a good deal of BS, we can see a 30 -40 cent jump.
Like Bernie Madoff couldn't help but lie because he really believes his BS. So is this CEO.
I expect a jump that people will sell into. He will give the speil about Apple Pay again, but that is old and no one believes it after 10 times saying it with no product that works with Apple Pay.
Do you think it can hold? If it sells off, how low?
Shorts are running this up over $27 today and $30 on monday
Of course when it was $5.70 briefly just in September and in September when the two former ceos dumped their shares at $3.20 average price that it is now down 60% in just two months.
Gross margin collapsed -7%.....
Gross margin falls to just (22%) from (29%) from last year. So, not only REVENUES down but profit margin falls 7%
Gross Margin for the three months ended September 30, 2014 was $1,309,106 (22%) as compared to $1,874,543 (29%) for the three months ended September 30, 2013. The reasons for the decrease in the margin percentage was a change in business mix and portfolio make-up. Our business mix had more transaction processing business in the three months ended September 30, 2014 versus the same period in 2013. Our portfolio make-up has changed as our older, higher margin portfolios have run-off and been replaced with new portfolio at lower competitive margins. The following table sets forth our gross margin mix.
Shorts are in a lot of pain and will bid this up over $27. watch
SHORTS ARE HURTING AND BUYING LIKE CRAZY NOW.
Why all the selling. I thought with huge volume for two days the selling would end. But we can't go above 2% and a dead cat bounce? And the volume is heavy again. So, is it big funds exiting?
All the other solars are RED. People will not want to hold this stock for next week when SOL, JASO, and TSL report their earnings. I say we close below $26 easily.
Are you related to the Indian guy who gave it a $10 valuation for a no name 10 person schlock shop bucket pump and dump company?
Don't touch this until JASO and SOL and TSL report next week. You can buy a lot lower after that. Those are all Chinese solar wafer companies that the Chinese government wouldn't let go to bankruptcy. So, they are all expanding their manufacturing and will flood the market more and bring down profit margins. The Chinese are not creative but steal any western idea and just get millions of chinese to produce it repetitiously and bring the price down.
Yes, they clearly are not profitable doing what they are doing and only money is coming in is from selling shares right after WORTHLESS PUMPING PRESS RELEASES. They have no Apple Pay product to sell to anyone but the put out a PR about it.
They already predicted their margins next quarter is declining. And, this is before Japan is planning to cut back their Solar feeds and the top five Japanese electric companies are now restricting access to their grids.
You have JASO, SOL and TSL announcing earnings next week as well as forward guidance. If it is bad for those companies, expect CSIQ to fall further to $22 range.