What happens when it is actually released and big money sells the news?
Friend or not, they're not going to lie about what a company spokesperson said. That's a sure way to lose viewers.
Once the 20-F is filed, it might trade where it was before the first 20-F delay, which is $11 - $14. You'll remember the big 30% revenue miss on April 10. It's not going to go above that level again until they prove they can beat earnings estimates.
Remember, most all-time highs in a stock are preceded by another all-time high. Don't discount the momentum of this stock. People buying today are still going to get rich.
Nobody wants to be seen not recommending a stock that goes up like this.
He's trying to influence the stock price, like most SA authors do. Twisting good news into bad is what they do.
Really? There are zero companies that would intentionally delay a required annual report until the last possible minute before being delisted. I knew college students who didn't start their homework until the morning it was due, but in the real world, companies don't think like that.
Wall Street takes a long view. It is understandable that companies like Z (and, before it, AMZN and NFLX) will have to "grow into" their valuations, and the PEs may appear high for the next few years. But if you short Z now, you'll be crying when it's 300 next year.
If NQ does indeed have fraud issues, being bought out by a non-publicly-traded company and never having to disclose anything to the public ever again is the best way to handle it.
So you're saying that the 4,568 $4 puts traded today is not "high volume"? That controls 457K shares. Volume today was 5.2M.
Also, according to the option statistics chart on thinkorswim, only 18% of calls traded at the ask, while 47% of puts traded at the ask. That shows traders are mostly selling calls and buying puts. In what universe is that bullish?