And someone just bought 311K shares at 1.65 --- obviously somebody wanted to get in real bad! (paid a huge premium---it's trading 6.5% lower than that now).
However, wouldn't that be a good place to enter (or add), when you take into consideration that there is no chance of bankruptcy now, and thus, there is no more potential bad news in the near future that could potentially bring it down? (thinking not much risk at all now---this secondary was probably what was holding it down and most everyone knew they needed some cash soon with all these orders coming in).
Sorry, after reading Eric9to5's post again (pasted below), Eric said the $20 possibility was next year, not 2016. So patience! No need to sell before $10 anyway (if you are a short-term trader).
eric9to5 • Apr 20, 2016 9:44 AM
You'd have to win - and announce that you won - Apple in order to have a vertical leap like that. Not bloody likely.
Will this be a 10-bagger? Yes. How soon? My guess is by end of year next year you'll see 20, if they can crack Asia.
Imagine this - Pixie grows 100% for the next 5 years, on average. Gross margins are 40%, and Pixie eventually gets to $600MM revenue. That's $240MM gross profit - and let's say that translates to only $120MM profit after taxes. Even with all the warrants executed, that's almost $3/share. A fair price at that level, based on PEG ratio, would be $300/share. I could live with that.
Now. a lot has to go right for this to happen. Cambrios folding helps. Kodak being unable to produce and giving up on silver helps.
My personal opinion is that Pixie could dominate the market and freeze out the silver nanowire and graphene firms. The cost and weight reduction is so big from DiamondTouch that it would require so big an improvement from competing tech that they may not get to market.
But that won't happen in '16 and probably not in '17.
Everyone is freaking out, but let's not forgot it was only trading at around 0.34 before the news. Most of this is priced in as everyone assumed it was going to happen soon anyway. So how much are folks going to lose from yesterday? At most 34 cents. And that is the absolute worst scenario. Chances are it will still trade for something -- maybe .15-.20, who knows. So maybe you only lose another .15 from yesterday. Big deal. Btw KBIO tanked to .44 on Nov 16th when they did same thing and declared bankruptcy. But then rallied fiercely, and with a squeeze got up to $45.82 a week later (11/23). I know it sounds crazy, but it's true---check Yahoo historical if you don't believe me (new symbol is KBIOQ).
Definitely a joke now--back down to 2.48 at the moment. What gives? Just a little profit-taking? A little consolidation would actually be a good thing though.
Was wondering what happened to this thread and it's on page 4 now thanks to that idiot Rochester (the newer one---despite being a short, the original one wasn't this annoying in terms of the volume of posts). Even though I have him on ignore, I get all these posts that say "post hidden" so it's still a disturbance even ignored!
Agreed. I was never particularly nervous about that investigation, but I knew it would keep the stock price down for awhile as any new investors would be less inclined to jump in pending the review. Think about it -- if you have extra cash sitting around would you be more inclined to buy a stock going through an investigation or one that wasn't? But it's all water under the bridge now!
It slowly sold off as the business was very slow developing in it's early stages and investors got more and more frustrated with each quarterly earnings call. Also, they had to do a couple of secondaries to stay afloat till all these new recent deals started finally coming in. So people people had the right idea back then, but were just a little early. Also, there was an SEC investigation somewhere around a year and a half ago (although maybe it's been 2 years now). Anyway, everything with the company was found to be on the "up and up". So a perfect storm to bring the stock down from $40 under $1 in three years---a slow, painful process. But many with long-term horizons did indeed hold. What is the point of selling at $1 anyway? I never understood why someone would short at $1 either---in terms of a risk/reward, there is little gain, and sooo much risk. So stay the course, and should see $10 soon, and as Eric9to5 mentioned in a great post yesterday (worth finding if you have time and haven't seen it), this could realistically be back to $20 by the end of the year.
Forgot to mention (since there is not an edit feature---this could be the post of the year! (especially if it comes to fruition)
Eric, curious on your thoughts---is it too early to say it's finally "turned the corner"? I remember the last run a couple years back (maybe 3?) when it ran all the way to 40+. Could we see a big run this year? (not hyping, just asking). Could really use just one 10-bagger!
I guess so---you posted this in the wee hours of the morning (I would guess somewhere around 3 or 4am), and there are 10 "thumbs-down" since then. Guess the shorts didn't sleep last night!
Doubt it -- nobody follows them. I see them spamming their link all over the various boards. Legitimate companies that do this for a living don't need to spam.
This is a great sign that we stayed flat since the big pop on Wed---gave nothing back from that Wed close. Flagging very nicely on the chart and will be ready for the 2nd leg by next week.
I actually think it's undervalued now that the news this morning was a "Tier I" client. The traders get too caught up with the % increase---for example, they see it's up 17% already this morning so figure not an ideal spot to go long. But here's the reality---now it's worth a lot more that $1.37 a share, so you can't think like that.
I had to mention the symbol as the 4 posts right underneath this one are all spam for other websites. But this one is real. The reversal from the lows earlier in the day formed a Hanging Man candle---very bullish (see definition). You could tell something must be up as it rallied while every other stock was tanking this afternoon--worst overall market day for the 3 indices in a very long time.
Hanging Man candlesticks form when a security moves significantly lower after the open, but rallies to close well above the intraday low. The resulting candlestick looks like a square lollipop with a long stick. If this candlestick forms during a decline, then it is called a Hammer.