Wasting resources? Lawyer time is a perishable product, i.e. if you don't use it immediately, it has no value. You can't put lawyer time into a warehouse. So, a law firm looks for the best use of their resources at the current moment. Right now, that appears to be DDD management. The company has significant resources and it is easy to get documentation released to the public.
Nobody who bought ROSG shares in a secondary (and there have been several) is above water if they held on. Most companies issue secondaries on strength; ROSG issues on weakness.
Once again, traders are drawn to an options strike price, but now they are getting a head start (Thurs rather than Fri). We're sitting at 21 and though we have relatively few open contracts, you can buy both a put and call for 40 cents. Do you think anyone is going to let the price move as much tomorrow as it did today?
Last Friday some folks paid over 3.60 per share. Obviously thinking this was the start of a move up from a near low, they were rewarded with a 10% loss. Now, don't you think that investors learn from their mistakes or the mistakes of others? Most pops in the last 6 months have been sold and without some major material announcement, that pattern is likely to continue.
If a company's management is excessively conservative in their forward projections and I sell my stock at a loss on that basis, can I sue when the stock price goes up after a big beat?
BTW - I'm also considering lawsuits against a fortune teller and initiating a class action suit against a fortune cookie baker. Those cookies don't have disclaimers and so I think we've got a strong case. ;-)
If the company's performance improves and share price recovers in the next year or two, will any lawsuit payouts have to be repaid? This reminds me of people who sued brokers after the '08 crash and sold everything at a huge loss.
Happens every day. I used to think it was shorts covering, but now I wonder if it is longs buying with the intention of selling at the open tomorrow. Never know, there might be good news overnight.
No sense investing. Better to be a published analyst and make your buys and sells before making your recommendations public. Of course you don't want to trade too much before the announcement, but enough to create a good gain when you liquidate following your announcement.
News? Once again, no $ details. It all sounds good, but we've heard this sort of soft news so many times that we are no longer consider it meaningful. If stock moved up sharply, many would see it as an opportunity to sell. That known, why bother to buy?
Most of the one day gains have been sold. As long as selling on good news keeps paying off, you'll see the pattern continue. Everyone is looking to take advantage of an obvious pattern. One day the pattern will change and those who don't recognize the change quickly will be be hurt badly (either by holding on to a short position too long or selling a long too soon.)
So I did a quick search and found out that Lamberto Andreotti of BMY is the highest paid CEO in the pharma sector. His pay is a whopping $26.1 million annually. At ROSG we have a bargain with a CEO whose salary is just $500K. Or do we?
With BMY's $109 billion market cap, Andreotti's pay is 0.024% of market cap (about 1/5 of one tenth of one percent.) Meantime, Mr. Berlin's salary comes out to about 1.17% of market cap. If he were paid at the same percentage of market cap as the highest paid CEO in pharma, he'd be earning just over $10,000. Of course market cap used to be much higher for ROSG and much lower for BMY and so this isn't a fair comparison. ;-)
The greens have worked toward the elimination of dirty fossil fuel like coal to supply us with our utility power. Instead, they advocate for renewable energy. Yet it is not the declining price of renewables that is driving down consumption of coal, but rather oil and gas technology that has increased US production to record levels.
And those plants that make the wind turbines and solar panels... are they powered by green energy? Are the trucks that deliver the green components delivered by solar vehicles?
OK, this isn't investment advice, but I see too much glee in some posts in pointing out the decline of coal.
What's this? Rational, well thought out valuation? This must have slipped by some censors. Well done!
It seems that every week investors start moving the price closer to a strike price sooner and sooner. This week it is the 20 and though FCX has had moves of 60 cents and more the last couple of days, you can buy both the put and call 20 for less than that. My guess is that baring significant news, 20 will be the magnet tomorrow.