AFFY has only $6.8 million cash. Why don't you go and read some of AFFY's statements from their 10Q?
Is there a difference if something is "on the books" as "sales" or "revenues"? The meaning of the words are the same - there is no difference if you use one or the other. How old are you? Or are you really that stupid?
Accumulated Deficit is a synonym for Retained Earnings douche. It's technically, the negative of retained earnings - usually used when retained earnings is a negative number. Do you know what "synonym" means?
And you think accumulated deficit has a different meaning when applied to different companies? That's a good one. A net loss over the history of a company's existence means the same thing when applied to any company - it hasn't earned a net profit. As applied to AFFY, it means that over its life it has lost tremendously more than JSDA. Plain and simple.
What's clear is that you don't understand.
Of course he is referring to retained earnings. He may want to go and compare with AFFYs retained earnings of negative $556 million if he thinks Jones's is so bad.
No different than when he makes the ridiculous bankruptcy argument as he begun about 6 months ago without looking at, or understanding what the current ratio of nearly 3 means.
I'm still selling - up to 75% cash...not looking to buy anything for another 2 weeks unless it is something I already wanted to buy and the right price jumps at me.
Unfortunately, when Seeking Alpha posts an article it does drive "out of the ordinary" volume. For an extreme example, have a look at PDEX over the past 8 weeks or so. Look at the price history page and see if something looks "out of the ordinary" - then look at the Summary page and the date of the Seeking Alpha article.
Yes, we disagree at least on the first issue.
My take is still that the spike in volume was because of the Seeking Alpha article. This is clear because if you look at the timestamp on the article on the Y! headlines, it coincides exactly with when the volume picked up. It was not a matter of someone knowing something.
As far as a bottom, because of the new information, you may be right.
In the end, it's really not important who is right - we both own shares and ultimately, so long as the price goes higher, we're both going to be happy.
At 70% now - selling into unjustified price rises. May repurchase when they pull back, or just be happy sitting with the cash for a while.
What, if anything, are these guys doing as far as moving into online gambling? If online/internet gambling is legalized in the states where they operate, will most people just stay at home and gamble whenever they like?
Right now internet gambling is being approved in NJ - Atlantic City, which is already hurting is going to be even worse off. What happens if all the big name casinos get approved in every state?
I realize that there's more to it and many folks will go out to the casino for the atmosphere, the experience and the social aspect. However, as online gambling is legalized it is definitely going to take its toll.
Who cares what 100 million shares say? Clearly you are a "follow the herd" kind of guy.
Considering what JCP shares are doing today, a fair number of those 100 million shares have had a change of heart ... when all the indexes are up by quite a bit.
If you want to see the fool, go look in the mirror.
Don't take my word - go read the SEC filing.
I would say that takes precedent over whatever you think you know.
8. The Call Options reference an aggregate of 30,629,879 Shares, have an exercise price of $14.50, expire on October 28, 2015, and provide for physical settlement. The Put Options reference an aggregate of 30,629,879 Shares, have an exercise price of $14.50, expire on October 28, 2015, and provide that they settle in cash.
See SEC filings from last night - owns about 3.5 million shares, bought about 30 million Oct 2015 $14.50 calls and sold the same number of puts.
Yes, I'm trying to stay away from the volatile ones for the most part unless I happen to already own and it gets caught up in it. I did sell out one of my (smaller) ELMD positions and will buy it back if it slides lower again as it usually does. But I am researching hard for other things that have been unjustly caught in the tax selling which has definitely begun early this year as well. I'm not plowing in to them, just accumulating slowly in case they head lower first.
One that should have a very good 2014 and beyond is ULBI - have a look...financials are very clean/strong, turnaround just back to profitability, management owns a large stake and buys more, no debt, etc. It was above $4 before earnings a few weeks ago, now $1 lower - and the earnings report was decent. Anyhow, it should be a safe double or triple in the next year or two. I've got GTC buys for every 20 cents lower it goes though I doubt many of them will execute, though I'm surprised the last couple did.
JCS is another thinly traded one with clean/strong financials and big insider ownership - always a wide bid/ask spread. Was at $12 when they announced earnings a week or two ago, they had a non-cash writedown and the shares fell to $10. But the shares didn't fall until a couple days after the earnings announcement and the news of the writedown had been out. Anyhow, they pay a 64 cent/share dividend which is solid/stable and the downside risk is very small.
Also, interesting development - I just began purchasing ELSE shares below $4 last week since it was another Nick Swenson project and usually when it goes below $4 it's a buy signal. Well, two days ago Nick sold his entire position - in a single transaction private sale to another large shareholder who now owns over 50% of the company as a result. Not sure what it means, but company will certainly have to say something about it.
Considering the timing of the purchase, the news this morning, and the insider's position, I think this particular insider purchase was possibly illegal.
don't be a bozo. look at the volume and tell me, what news was there today for BODY? there was none. It was up like all the others in the sector because of JCP, which shouldn't have been up in the first place. this is all indicative of what happens during the final stages of a bull market. increasing volatility, whipsawing of small caps.
buying volume is just in sympathy with the sector today. reality is an entirely different story. ARO went through the same thing last year. the shares meandered along until the holiday numbers came in and they were significantly worse than everyone was expecting - same will happen here.
today means nothing, nothing has changed for the company.
if you sold into this farce, congrats on your profits.