I love Saleen, but I don't understand the 30 million share shakeout and loss of 50% of value over the last two days... Can a smart person explain it to me?
The upside from here is big, and the downside is already here for anyone holding long term. Why dump to take down a few pennies vs. letting it ride?
That's what we invested in DD for, right? To insure job security for the myopic insiders? Mission accomplished. $70 per share, here we come.
How about AMPE for starters? First time around, AMPE disaster with temp regulation, stock crashed, flatlined and went back up. ISIS had a similar disaster. Crash and then flat line is a classic bottom in many cases. If you don't know that, I can't help you.
I can give you hundreds of examples of the exact opposite being true. Often when a stock crashes, and then straight-lines in the face of bad news, that is often a bottom. Not a sure bet that its going lower from here. It might, but you are not correct that its any kind of sure thing. The only sure thing is that I'm not getting laid tonight. Wifey is outta town.
I'm hoping for $2.20, and "play it again sam."
New CEO gets it. Shorties eat your hearts out.
IN your dreams, shorty. This is a well-established trading pattern. Company comes out with earnings, exceeds expectations, gives soft estimates for rest of 2015 and 2016, get's a 5 - 10% hit, then appreciates all the way to exceeding the soft guidance. Brilliant. Ain't going much below where it is now.
Be careful what you wish for. High volume at this point would probably be a function of selling overhang and would take the stock lower. While ATEC is in this period of building towards profitability and changing past patterns that kept them away from profitability, I'm happy with low volume. When they achieve profitability and resolve their cash problems, enabling some strategic M&A, then I want to see big volume. And a run to double digits, which a profitable company with $200 million+ in sales would warrant. I believe they are on the right track, and that at this point, it is a patience game. I'm hoping people will regret the day they passed on this stock at these levels.