Unrealized revenue (ordered but not delivered) was pretty substantial this quarter, according to the CFO. It'll be interesting to see how this will be factored into the next quarter's estimates.
looking for another swing trade to pay for lunch into next week. It's good for a $.20 swing and my family/friends appreciate it when I treat them for a good lunch with dessert.
I'm just doing what Dodd does, but on a smaller scale instead of Long Islands for the crew in Hilton Head. All of this marketing hype with no delivered revenue makes this an easy swing trade. It's a good swing trade cycle way into next year.
I'll buy in around $.035 pre split.....
Whispers number is loss of $.51 and looks like VVUS will report loss at $.21. The road to profitability continues. Let's see the updates on the marketing strategy.
I don't understand your question being that Carl owns the convertible notes? Please elaborate....
Dodd had to do something before the shareholder meeting. You can't sit in Hilton Head, drinking Long Islands while floating in the pool all day without tossing out a little red meat scrap to keep the investors happy.
Sold off for a $700 gain at the opening bell. Will have lunch a little later, a nap, then buy back when it's under $4. Thanks for the lunch money and see you soon!
As the company has always done in the past, for many years/decades, the stock pool will be diluted up to 900 million shares thereby making a $300 million market cap equivalent to $.33 per share. That is IF Phase 3 oncology results are successful and most know how this company has performed.
It would be great if the short shares list has increased tremendously before the earnings report. I was always bet against the herd.
From the looks of it, VVUS will beat the street earnings estimates very handily. This comes during a weak earnings season across the board which may explain why the May 3rd call date. Any other good news will take this company solidly to the next levels. Short term resistance at $1.81, $1.85 and $1.89 which will be taken out and replaced with new levels.
Earnings report next Tuesday which should highlight strong operating fundamentals; cost cuts, road to profitability, partner updates, etc. I anticipate higher trade levels, primarily later this week and through the earnings week.
1a Try doing some due diligence on the annual report.
2a Any capital firm holding convertible notes, equity or significant interest in a company will appoint board directors.
Not pathetic but it depends if you are a long or short position. There are some very happy bagholders that are most likely accumulating more bags. They usually can spot a stock that can deliver 20% gains in the short term, less than 90 days, or higher in the long term. You need to do the diligence whether you are long or short.
To me, this type of trading volume is an indicator of a big run in the next two weeks, but that is solely my very humble opinion. Best of luck!
Thank you! I flunked out of graduate business school and was sent back to the 12th grade. I'm glad that I'm now serious about my studies. I really appreciate your dedicated concern for my well being.
Yes, that's a big deal given that Uncle Carl is sitting on a stack of convertible notes. He certainly is playing his cards right.