finally, this garbage is trading toward the company's bad fundamentals. Wait til they post Q3 and how much of a loss was for "Turbo". Turbo was said to be the 2nd worse film in DWA history. The "Guardians" had $89 million writeoff loss, and it wasn't nearly as bad.
They will miss the annual revenue by $200 mil to the minimum (out of $750 mil analyst estimate), the writeoff loss may bring this garbage to single digit trading.
I know you all have heard of this before. But I just loaded up a boatload of shares. Can't possibly get cheaper than this. $2-3 was the low with lots of uncertainty about phase III and Afreeza. Now we have solid study results that almost guarantees FDA approval. Hence the new psychological abyss is $4-5.
Load it up and wait for partners and FDA approval. 100-200% gain easily.
first true volume trading day in a long long time. I think they are starting the selloffs. I predicted the selloffs to come either next week or two but given the Gov shutdown; they are probably fearing that someone else may jump start the selloffs before they do.
See you all at $16 by November.
bought in 5 +change and now reversing. $2-3 range was the bottom without any certainty, now we have slam dunk phase III result with almost a gurantee FDA approval and partnership. $4-5 is the new psychological low. Reverse #$%$!!!
spwr is way over priced, barely broke into profit last quarter. If they don't post a stellar profit on Q3, watch out another 20% drop again.
utility plants up 42%. It will be fslr's turn shortly, just hold through Q3 or year's end. $100 and beyond. What for the shift from other solar companies to fslr.
$2-3 investors bought in without knowing the results to phase III (huge risk). NOw that the results are out, $4 would be the new psychological abyss (I don't think it will get there). I got in at low $5 and will accumulate more if it ever hit $4.
I held off long enough, I bashed it in the 8's. NOw, it is time to load up. NO diabetes wants to injection themselves with needles. This inhale insulin is God's send.
You can be sure of that. The company on Q2 conference, said they still maintained their annual guidance of $3.8 Rev, so far between Q1 and Q2 they had approx $1.5 bil in revenue, still over $2 billion of revenue unaccounted for the rest of the year. We have blowout Q3; they shifted alot of earnings from Q2 to Q3.
In addition, they also said they would announce 1.3 GW of new contracts before 2013 ends. I think they are setting up fireworks. We may see $60 by the end of 2013.
just in case the #$%$, wall street #$%$, try to take it higher by manipulating against all fundamentals. It is safer to attack where you think is most appropriate. They can't defy bad earnings, so it is a safer bet to short immediately before the release of Q3. That was my original goal but at 28-30 price, I couldn't resist shorting even months before the release of bad numbers.
Here are some of the evidence that DWA is in serious financial trouble:
1) Laid off 500 employeees in Feb 2013
2) Delaying a project that suppose to release in Nov of 2013 to March 2014 (putting share price at risk) due to lack of manpower and finance.
3) Long term Debt $200 mil, with little or no cash left.
4) Raised $300 mil recently by selling HIGH RISK HIGH INTEREST RATE OF 6.7% junk bonds to avoid defaulting on old loans.
5) This is what's scary: The physical establishment of an amusement park will require $ billions. So instead of using that $300 million junk bonds to invest in the company, they used it to buy back stock to manipulate price. WEll, in their defense, $300 mil does NOT go too far except for using it on paying back loans, finishing up the movies they plan on releasing 2014, and manipulate the stock price. Clearly there is absolutely no money for a project as big as an amusement park, all BS.
did anyone buy into fslr at 38, now $42 and climbing. I am telling you all, DWA is in serious financial trouble, you will see by Q3 and Q4 conferences. All these BS about awesome TV, netflix deal, and amusement parks aren't going to make any money.
Awesome TV will make pennies for DWA. DWA agreeing to provide content for netflix, how is this any different from providing 2-4 movies/yr. So a half #$%$ poor quality TV series will do better than movies? It will just consume more DWA cash and puts the company at more risk. Amusement park? Get real, why anyone want to be in a second rated amusement park when the happiest place on earth, Disneyland, is everywhere. I would raterh pay $100 for disneyland entrance than $60 to see a bunch of newly made up characters with limited entertainment. It will be 5 years from now, even it is successful. But in the process of doing all of this, the company will be in a huge finacial crisis. The junk bond holders will take over the compnay, selling it piece by piece.
I did load up half of what I intend to short, save the other half of ammunition days before Q3 announcement.
This stock is more manipulated than anything that I have witnessed, soon they will have to sell. They can't hold at these levels for 8 months without any major income and bad quarterly revenues. Two things I look forward to: Q3 and Q4 conferences.
btw, the way that this stock is picking up speed over the last week or so, I think it is a sure sign of major announcements or Q3 numbers leaked
they promised 1.3 GW of new contracts announcement before 2013 ends on their last Q2 conference. If they don't announce by Jan of 2014, I will definately get out. Still 3 months left and blow out Q3/Q4
Just buy what you can afford to lose and let it sit, soon we will see the reverse of the dumbazz bill of Coccker and Weirder. $60 in 5 years.
haircut? LOL, more like a head shave. You will see. The #$%$ of wall streets have been manipulating and forcing short coverages. Look at the short volume, down significantly to nearly 14 mi shares out of 65 mil float. It was 20 mil shares just months ago. No one is buying shares at these ridiculous price and horrific fundamentals; they can only pressure shorts to cover. The shorts will most likely attack in 2 weeks in conjunction to bad earnings of Q3. I can't wait.