it is simply tax selling. take a stock with no liquidity, throw a set of people who are looking to toss their shares, and there you have it. people are not in a buying mood when they know how BWEN shares are so volatile and there is more selling than buying.
I will continue to slowly acquire shares if/as they trend lower. come January, they will snap right back.
interesting - and during 2014 the street also bid the shares up to $14 - so that wasn't wrong either.
now, when the shares go back up after Jan 1, what will your story be?
Report this morning indicated wages on the rise - this was the key piece of data that Yellen was waiting for. I suspect they'll probably wait for the next report for confirmation, but this is certainly the first hint that interest rate increases are likely to begin in Q2 or Q3 2015.
At the end of the day, it really doesn't matter. The article, if it's having an effect, will only be for a couple days. If you know the stock and the trading, you know that the shares get manipulated and pushed around. Once a seller is done, a measly 100 shares can jump the price 20 cents.
The tax sellers are going to continue unloading, shorts who think they're smart will play their game for a couple days, but will also cover, or pay the dividend soon.
Best to ignore the price unless you are looking to sell or buy more. If you're in for at least the next couple months, relax...you're getting the dividend, and the stock is a January bouncer.
I believe Pro gets it 24 hours in advance of the rest of the world, so it likely had something to do with what we saw today. if author was shorting or told any friends in advance, then maybe a day or two earlier as well.
the author is naïve.
if that article was part of what was responsible for the weakness in the shares yesterday/today - I owe him some thanks allowing me to pick up more shares at the 52-week low.
when you write an article like that regarding a low float/volatile stock, it is certainly going to cause some havoc. if even just a few people sold or shorted because of it, it could certainly have caused the weakness we saw early in the day.
Now that company has changed name/symbol I'm guessing at some point GAMR board may be vaporized.
Should we hunt for a new board that's been deserted? I'll find one, and we can either move now, or wait for the day when this GAMR board no longer exists.
The PTC doesn't matter - it is not the sole reason for the existence of the industry/sector. Without it do you think all projects would come to a halt or be abandoned? Of course not. That's like saying once tax credits go away for electric vehicles Tesla goes out of business, or in solar that Solar City, First Solar, and every other player goes bust and closes up shop because nobody will buy. The objective of the tax credits is to spur growth of the nascent industry. It is a given that at some point, the tax credits will go away.
The stock price falling is nothing more than tax-related selling. Again, this is exactly what happened last year at this time - go look. The shares have poor liquidity, any selling brings it down. Get a couple of buy or sell orders in a row and it can rapidly move the shares up or down. There may well be a run at $6.00 to kick all the stop-loss orders between $5.75 and $5.99.
The share price over the past few days has absolutely nothing to do with the PTC and everything to do with tax related selling. I've witnessed it in a number of my holdings - it is more pronounced in the shares of smaller company value-oriented investments.
I expect to see some more insider purchases of shares over the next couple weeks - we may even get another award announcement.
At the current price, the shares are a buy - below $6.00 it's a strong buy.
Remain calm, invest with your head, ignore the troll. As the shares move higher, he will post more frequently and "loudly", until they move high enough that he disappears. Seen it many times.
and Eberwein has begun buying again - Form 4 just filed - looks like the limit on his 10b5-1 is at $3.51 - but he has well over 750,000 shares left to buy. so I'm even more comfortable buying more below $3.50 if I can get some. will try to build my position back up to what it was when I sold everything above $4.05 in early September.
continuing to scale in nicely. market maker is playing games - which is ok by me. he did it with the last trade at the close today dropping it to the low for a puny number of shares.
all I can say is that January is going to be a fantastic month. everything is just positioning right now. people are tossing shares - and I'm loving it.
watching closely for sub-.40
however, with 41 million shares now, the valuation makes no sense to me whatsoever. I don't think I'm going to be able to get myself to buy this time.
the huge money is to be made shorting QBAK.
FORD is going to do just fine - that is why Wise is going to win his board seats. Wise is the single largest shareholder and down about 50% on the value of his shares. Looting FORD is the last thing he's looking to do. Owning 20% of the company, it's quite obvious that he's looking to increase the share price. if you choose to short while the shares are near multi-year lows, at cash value and below book value, just as Wise is about to win control of the board, then you go right along and do that and be sure to check back here after the results of the vote are announced.
it might help if you were able to read, but that seems to be a stretch.
The exact same thing happened at this time last year.
Shares are wildly volatile with the low float and low trading volume. Just buy some, if the shares dip lower then buy a little more. Later in January and February, people will be fighting to buy at $10. Outlook is positive - entire energy sector is in a funk because of temporary dip in oil prices.
We've seen this before.