j1c4b, forgive my intemperate response. To show you how stupid one can be, I have actually been in this stock for about 15 years. For quite some time it's return on assets has been pathetic, it's.got legal problems, and its valuation and fundamentals are, in my opinion, poor. But despite its high debt to equity ratio, I don't expect it to be going bankrupt. It's 4 percent dividend is nothing to write home about. I'd be more than happy to consider buying once the stock price drops to around $50.00.
Look man. If you buy this pile of garbage, you're an idiot and deserve what you get. The government has been propping up the stock market since at least 2009. Look at the stock market for just the past two years. Solid increases based, not on a good economy. Not on prosperity. Not on jobs. It's been going up because the criminal government is printing money like the world's biggest counterfeiter and then sending the dollars right into the stock market. Now if the country's biggest energy company's stock price is sinking like a stone during this stock market inflation bull market, why on earth would anyone want to own it? Ask yourself that question...not something so incredibly stupid as when should I buy into it. It's like finding yourself with a noose around your neck, standing on a chair, and asking the guy with a mask over his face, "hey, buddy, when should I kick this chair away?"
If you feel you must watch the Cramer Horse and Pony Show, then watch it. But don't do what he says. He will sink you. You may buy, but you won't know when to sell. Find your own stocks, decide when to buy and when to sell from day one. Think! Should you really follow the advice of someone who, when some booyah jerk calls and asks about XYZ, tells you to buy and sell in 4 seconds? Of course not!
Your opinion of the poison pill is obvious from your buy rating for capstone. I learned about the poison pill over a year ago. Why would any hedge fund want to hold a poison pill like capstone? I think what is happening from the heavy volume and three cent drop today is the selling of shares by another hedge fund. A poison pill program in a third rate corporation like this tells me that the pigs who run it simply see CPST as a perpetual cash cow for themselves, while flipping the rest of the bird.
What is it that you think he has to reveal? Maybe there are things he doesn't reveal because he figures a lot of the longs would dump, thereby lowering the value of his stock. If you guys are really loaded up, set up a data sheet showing what you'd be worth now if you had put the same cash into 3 other stocks going back a year. By the way, I've been around a long time, and i learned a long time ago that patience isn't necessarily rewarded, unless bankruptcy is a reward.
Yahoo shows that they actually have a few hundred grand in cash. Must be from an old balance sheet. I can only wonder why they haven't bankrupted the company out of existence. The company must have debts. Maybe they're saving it as a shell for something being planned...maybe opening a string of hotdog stands...so I hold on to what I've got in my account.
Actually I feel the same as you. Anyway, until this company starts making real money or at least get govt. approval for something significant, ELTP isn't going to go very high.
You gotta take a look outside the window. The whole market is down today. Nothing but negativity. Down 290 points. What makes you think that a company like ELTP with no actual fundamentals is going to buck the trend? .
I don't know what I have to apologize for. I am only responding to timduy's question. An up day on very good volume. As for you, yesterday's volume was nothing to cheer about, and when i wrote my comment, todays volume was no big deal either, and the stock could easily have closed down like it has a thousand times. After all these years I have been disappointed too many times by ELTP to get prematurely excited, and 4.11 percent on the close, when it opened so strong isn't great, but I'm happy to be surprised.