Retail investors, pfft.
I'd say. What a surprise press release.
I'm hoping this thing drops at the open though. I was wanting some cheapo shares.
Further, his first 2 shorts, UNIS and LOCK, remain down the most. Maybe he had the most confidence in these first ones. NEON was his 8th target.
Pump Stopper's 8 short calls have all been in the past 2 months.
Of the 4 stocks that traded down on the news, the average rebound the next day was 4.2%.
OVERALL (of the 7 short-calls before NEON):
Average 1-day return = -2%
Average 1-week return= -3%
Average to-date return= -1%
With an average move of -1%, it doesn't look like the market really takes his calls very seriously. 56% of his short calls (4/7) are currently trading higher than when he called them out.
He has been short the stock in all 8 cases.
Covers: UNIS, LOCK, HCI, KEYW, ETAK, ARNA, OXBT
Does not cover PVCT (which he wrote about after the FDA setback....so it was post-news)
Probably the only thing longs have to worry about is if the CEO on Neonode plays bridge with your grandparents (cause he hates old people).
Maybe Wednesday's run-up wasn't on leaked-information, but rather a very very effective short squeeze. Clearly I was wrong in thinking that there was unreported news out there - at least not any news that is conclusive to press release.
I was long DARA, so benefited huge from this move up today, and close my position.
That said, this is a disgrace to retail investors here and everywhere. Someone has non-public information and in loading into this stock, possibly making 100% gains. It's disgusting.
I agree, I don't think they're going to do an equity raise here now. They should target partnerships, or a sale of the company. Half the mcap is in cash.
It wasn't a proposed offering - it was a registration that would allow them to do a proposed offering, which never occurred (and probably won't for awhile). They'd be better off to use debt funding here if obtainable. Or like I said, just sell the whole thing. Surely the Orphan status is worth a few million at least, + cash, makes this option reasonable.
This should be interesting. As long as the market thinks a delisting is possible in 4 days, WPCS is going to be well-big, wild and wacky, as shorts jostle to take their profits. No short wants to have an outstanding position in an unlisted company.
On the hand, if WPCS gets a reprieve from the delisting, it's probably bearish.
I'm going to probably admire this one from the sidelines.
I knew a drop was coming as weak players who thought there'd be a euphoric launch of the Bitcoin exchange realize there is no euphoria. These are just weak players selling out here. Good entry point.
Cause nobody here does any sort of analysis or forward thinking, apparently. Just a bunch of cheerleaders (when winning) and crybabies (when losing). I thought there might be at least 1 person on this board who would chat about analyzing something.
The cause of the iPad sales shortfall was based on the fact that Q1 2013 numbers were ABNORMALLY high due to product distribution into the sales chain.
Since Apple expanded their sales chain this quarter (Q1 2014) especially into China, does anybody think that the iPhone throughput sales were notably lower than the 43.7m of shipments?