I think I remember seeing on the SEC complaint form on their website that there is a choice for something like "Abnormal trading at end of day" - I may take a few minutes to fill it out and submit.
Someone is selling and playing games - especially during the last minute of trading...again!
I bought 1 share at 3:54 where it looked like it was somewhat stable at $2563.99, then the last minute comes and they take it down $100!
Next buy @ $2375.
I like games, but this one is getting a little ridiculous.
may see continuation of weakness in the markets tomorrow morning flushing the weak hands that will evaluate things overnight, then hopefully a rebound as the "buy on the dip" folks come back. there were some bargains emerging I was itching to buy this afternoon, but I held off and hopefully can get a little cheaper in the morning.
don't worry about SNTA - stick it in the corner of the portfolio, don't pay too much attention to it in the short term, and look to make money elsewhere in the mean time...stay diversified.
just remember - Kovner has over $100 million on the line across all the accounts he's responsible for. what you and I have is a speck of dust. just don't let it grow to more than you can handle as it can get more depressing in the short-term - and then you get the ulcers like I do for buying too much too soon. longer-term there is absolutely nothing to worry about - shares will be back at $5 at some point in the next 6 months and even higher towards end of 2015. stay calm/cool.
it's fine by me - always knew it would be a long haul. my position is not very big, not adding to it yet, but certainly will if it breaks below $3.00. entire market is jittery right now, I don't think it is anything specific to SNTA.
thanks for your reply - we'll see how it plays out.
I'm of the belief that at this point, it's been washed out. as everyidentitytake indicated, PE is 11 right now, and forward guidance will put it below 10 within the next 12 months. the presentation provided the important bullet points regarding what they will be doing over the near/mid-term and you need to take it at face value at this time. I don't see anything bad.
you would not have been able to buy below $2600 on Friday...the early take down to the $2530 trade was part of a single order with only one or two shares trading at the figure below $2600. the late trades at $2592 were in the last minute or so of trading.
I believe the trading/shares are being very tightly controlled/manipulated. I'm just going to put GTC buy orders in at $50 or $100 intervals lower. the trading in the shares is really crazy and disconnected from reality at this time.
Bresky personally bought shares in the open market in November last year at $2758, we know the tender was at $2950, and the shares are now below $2700 (again)? I believe you are correct regarding your theory about company repurchasing shares during after hours below $2900/share - I've been seeing trades of 50 and 100 shares periodically over the past couple weeks. What is curious is who is selling that number of shares during after hours? Has to be funds/institutional - no? Or might a broker be working with SEB/Bresky to accumulate the shares during regular hours, then sell to him during after hours?
It's time for Bresky to finish up his buying and sell the company to Buffett.
thanks for the reply.
as I said right up front, I had absolutely no interest in when you bought your shares, what you paid, or how far underwater you are at this time, only that you agree with the shares at $1.21, along with the guidance provided, the shares are undervalued - and you do agree. thanks for confirming - as an investor buying shares right now, that is all I am interested in at this time. certainly you can appreciate that - no?
after what you just did there, you're claiming I am the one with the charade? may I interest you in the definition of the word "hypocrite"?
maybe if you try a third time you'll get his name right.
thanks for the laughs!
"To reiterate, Talcott buying $9K worth of YGYI stock is not a reliable indicator of anything"
Clearly you spend every waking hour bashing all these stocks that you can't even keep straight what board you're posting on, what the guy's name is, or how much he purchased.
Good job mate!
1. I care.
2. Don't care.
3. Why not? If you're going to bash someone for buying a measely $10,000 worth, I think it puts a good amount of context around it if the person doing the bashing disclosed how much he purchased relative to his own income level to be making the comment in the first place.
4. You are calling my arguments strawman and counterproductive? And I suppose that makes your comments here over the years productive? Your personal attacks on anyone who posts here, anything that is not against the company or anything it does?
5. I have direct evidence that proves that they signify an undervalued company/share price, at least under the circumstances which I invest in - my brokerage account/balance proves it.
I don't need anything from you. You may gain a wider audience if you went after HLF, AVP, or TUP - there's nothing very different here. Certainly to your disliking, Amway, as a private company is in fact one of the most profitable.
Reply to me all you like, attack anything I post or whatever I say - you will get no further replies from me.
bodybag - not sure what you're looking at, but the last insider sell was in August 2012. If you are looking at the Y! Insider Transaction page, "Disposition" is not a sell - it is handing over shares already owned to cover the taxes due on new shares/options awarded.
I'm not commenting on whether or not LF is a good investment at this time, just that your interpretation that there is a lot of insider selling is incorrect.
I was expecting a response from the peanut gallery saying as much, though I expected better math skills with it.
1. Any purchase of shares by an insider is good, better than not, wouldn't you say?
2. Chief Science Officer - the guy is not raking in the bucks like senior management, is he? Yet he thought taking $10,000 now and investing was a good move. Certainly someone lower on the totem pole has better things to do with $10,000 than invest it in a company that supposedly has no future - no?
3. The purchase increases his holdings from 50,000 shares to 58,000 shares. How many shares do you own?
4. You quickly brush the purchase off as meaningless, yet if he had sold you would have been screaming bloody murder over the same amount - wouldn't you?
5. Directors have purchased significantly more up at $1.80 and higher less than a year ago.
Lastly, go review the investor conference presentation. Forward guidance is now out there - is there any reason at this time to believe the company will not deliver on that guidance? If the company does deliver on that guidance, would you not agree the shares are undervalued today? I'm not really interested in where/when you purchased your shares, how much you are underwater today, or the pain you're going through as a result of buying your shares when you did - starting today, with shares at $1.21, are they not undervalued if the company meets their guidance?
Company has the share buyback out there, forward PE is below 10, company is paying down debt, company is growing/expanding its reach, new products are being added, and we have the first insider purchase in almost a year. I would wager that there are more/bigger insider purchases coming, but no doubt, you'll have a negative spin on those as well.
Tell me, what more do you want at this time? Again, when and what price you paid for your shares in the past is irrelevant to the situation/discussion.
bambino - sorry for the delay getting back to you on this.
yes, the cash conversion cycle is obviously directly related to the inventory. Phil explained this on the conference call and indicated they are going to be on top of it to get it down...
Philip A. Fain
No, it’s certainly can’t be Gary. The situation that we are currently in is the – the timing between receiving an order and shifting an order based on some of the items that are backlogged in contracting for comms systems has caused our inventory to creep up a just a little bit over the end of last year, but our target is going forward is not to carry $27 million of inventory – is to bring that down rather significantly.