i am long the stock for a long time. mygn has had a ton of problems over the years trying to live up the hype of 14 years ago. but that is investing in this sector. they finally seem to be getting it together. and they have long known that the intellectual property issues were a real weak spot. shorts have capitalized on this over the years including currently. and shorts made tons over the last year as the stock fell 50%. they have ample opportunity to cover and hedge. the stock never made a big, violent move against the shorts. there has been short squeeze. i am contrarian to the posters screaming there is one, was one or will be one. not happening without some major catalyst or a big fund laying out hundreds of millions in bets then orchestrating it like herbalife.
as for the stock ownership stats, i ALWAYS regard trading data, level 2 data, ownership data like its complete fiction. it means less than nothing. as well the SEC exists to keep the game going for big money, not to protect investors. so you have the illusion of fairness. that is critical. you are frustrated because you are relying on an illusion of disclosure.
do you know what turned the stock market around 2009 imho? when they suspended mark to market accounting rules. that was the bottom. now earnings are just illusions. i love announcements of non-gaap earnings. hey, you know those generally accepted accounting principles? yeah, we did not use them. too oppressive.
mygn should do well going forward if they can get some allies on the street with money.
you are wrong. the stock is not going to fall like that with season approaching. it could get into the 50s if they actually had anything positive to announce. a new ceo announcement would be a start.
oh my! how on earth will they cover? enough please of the stupid short squeeze! shorts have made a ton and well played shorts continue to make money. mygn will have to recover from management errors with fundamental performance over time.
when the broker calls you like this as once happened to me, take my advice and sell them the stock. the big money guys seldom lose at this game. walk away with the winnings and the money to pay the taxes.
amp, well played trading on your part and wise to sell when you did and buy when you did. my problem with the company is that the business model has not changed. cue reset the overhead and is pursuing the identical business model. it is so easy to cut expenses. what is hard is to cut expenses and not have sales collapse. but sales collapsed. the stock has been diluted, assets sold off and they are still losing money at a rate of about $4 million a year i am guessing. there is no vision here. halloween novelty cans are not how you build a brand or a company. foolishness. so you have made money, but that does not have anything to do with jones as a successful company. i could not be more disappointed in how this company is managing to trash a brand once highly regarded.
that is the problem. cue thinks they are innovative and edgy. she thinks pure cane soda is innovative and new. she thinks its 1999. she thinks a $10 six pack of soda is competitive. she actually thinks that people who are the target market for Fiats are also the target market for Jones hats and fufuberry soda. she thinks canada is a key market for jones, although california is almost 50% more populated with a warmer climate. $2 million in sales is 10 cases of soda sold per state per day. there are individual vending machines that outsell jones per state.
halloween cans? they LOST money on halloween cans? how dumb is this? they sell halloween novelties and lose money doing it. so next halloween is easier. just give her another couple years. the whole foods crowd will save this mess. what a stunning failure of a quarter so far into the "turnaround". then she blames market weakness? i am stunned at the decision-making and the delusion.
what was the yard sale about? what did the sell? she said they sold some assets and was so proud they only lost 200k in cash. so proud.
what an embarrassment! complete incompetence.
the golden cross of the ema happened weeks ago. in fact the crosses are backward looking indicators and i have never found them of much interest. if you sold at the death cross 5 months ago and bought at the golden you did not fair too well and would have better off just holding. there has also been no squeeze and little news would appear to be in the offing to cause a squeeze. i would expect a sligh pullback but the chart trend up is coming close to either having to resume or to establish a new trend sideways. maybe mygn has an ally on the street who is long and can cause other to follow? maybe not. shareholders here do deserve better than the recent beatings. especially with markets at highs and mygn waaaaaaaaaaaaaaay below its highs.
i dont expect much change year over year good or bad. i expect some positive comments about the future as any ceo would say. i expect a loss per share of a few cents and not much buying or selling in the stock. no one is excited as there has been nothing done by cue to be excited about. we know what is going on as its a simple company with a well established business plan. i think the tragedy of it the failure to drive any energy to a company that is in need of energy and imagination. still with a few positive comments i can see money coming into the stock in advance of the summer season. i do think cue should be cfo and not in charge of operations or marketing.
but it is certainly overbought. it can trade sideways and a little down for a week before the the uptrend is broken. it is a nice uptrend but a bit steep. no apparent short squeeze happened. i am surprised some other pharma did not buy them out to diversify.
for 30 days following any major redecoration of the corporate offices. reed is issuing 2 press releases a week in support of their distribution efforts. jones shareholders have to be on pins and needles wondering if the drapery swatches have arrived.
we dont really know why tsla is going up. and the market data you get is entirely manipulated. entirely. mygn is the opposite of coiled spring formation. it is extended. that data is also two weeks old. big short money on wall street tends to get its way.
to me the stock looks overbought and there is no sign of a sqeeze at all. see TSLA for a squeeze. mygn is not even trading at 52 highs, never had a huge up day, and shows declining volume. heck, the PE is actually below market average. so what squeeze? it actually looks like is was a perfect trade for shorts with a very gradual increase in share price to pre-short price on reasonable daily volume. perfectly played. with the momentum over, it actually looks like a great technical short again until the stock is not overbought. but i see no evidence of a squeeze.
i am pointing out what i observe. if you think fairway merchandising is unimportant, that is fine. but clearly, the shelf observations are valid. if i saw reeds space double and gt dropped to a low shelf it would be wildly meaningful. i only buy reeds K, cuz i own the stock. but the last two trips to the store i had to look hard for the reeds. at the whole foods, i had to look really hard, because its not THERE! however, WF does stock a small selection of Hains Celestial K. an investor in reed would certainly find that interesting.
the takeover premium in this stock is of course enormously impactful since the company has no PE, since they are not profitable or barely so. very tough to value the shares. 2x sales maybe? who knows. however, i think what is very likely is that GT gets bought or goes public. as a public company GT is worth more than a billion dollars now i would guess. at some point they decide they need to advertise and crush Reed and Hain and all the other little pretenders. if KO or Pepsi make an acquisition, they want GT, not Reed. Reed will be bought by the loser. GT is the prize. however, when that happens, it will affect Reed stock price. analogy would be google buying nest and the ELON type companies doubled briefly until reality set in.
i think reed can double this year as long as shares dont trade relative to a PE. top line growth is key, but they have left a lot on the table through lack of marketing, etc.... they do have brand integrity and a good product. they do not understand the K market though. they think it is the same as soda and that is their marketing approach. they also have not really exploited their soda market advantage. some of their brands i think have been completely neglected through lack of proper brand management. "china cola"? omg let's just call it fukushima cola. make it an energy drink. i just think they lack enough personnel and focus. it could be a 1B$ company.
what squeeze? i do not see a squeeze. in fact, i think most squeezes are mythical beasts. the stock is trading at a low pe on reasonable volume with only small price moves. it is trading at the 52 week high with a ton of recent good news. i think the shorts here made out really well and have a ton of support from the street. i would not be surprised to see a bunch of new downgrades and a $32 price in the short term. there is no reason mygn should not be a $50 stock now just based on earnings and growth.