No surprise - we all saw what happened last time, expect the same this time.
Early spike, then slowly down for the remainder of the day as the bagholders figure out who they are.
I wonder when the SEC will crackdown on SA for this illegal activity?
Why would anyone Bmad?
Everyone knows it is a pump and dump. Only question is who is going to Bmad and get hurt in the dump?
That is still where I believe the shares should go. However, I've learned over time that the market doesn't always cooperate or value things appropriately. I've seen the technicals, and the shares are at a level where they could begin seeing some support. So, I'm ok with picking up a few shares here and then buying more along the way should they continue lower. I'm in no hurry.
The pump/dump bozos were only able to focus on the FDA approval. The story here is that this is just another step in the turnaround efforts that have been ongoing for the past year. I (originally) bought for the turnaround. I sold to the idiots pushing the shares where they had no business to be for well over 100% gain. I am still in this for the turnaround and will make even more money once they show that things are on a better trajectory going forward. Maybe that happens with this coming earnings report, maybe the next, but it's coming. As I previously indicated before all this nonsense pump/dump took place, go review the filing which indicates the terms of their new credit line - they specifically indicate what their obligations are for operating profit for the next couple quarters.
I've been saying this all along since the moment the pump/dump began.
It will help in slowing/stopping/reversing the trend of declining sales. It is not going to cause a tremendous jump in sales all of a sudden.
The 100k did not execute - it flashed, people saw it, then jumped in front of it.
Earlier in the day 80,000 shares were dumped at $3.80 which caused the move lower.
It wasn't a matter of seeing the repurchase coming yesterday. Novices bid the price up immediately when the news of the repurchase was released. For anyone who has half a brain, they would have known that there was no reason for the shares to be immediately worth 10% or 20% more. So, the fools simply provided an opportunity to take some profits.
True to form, the fools were only in it for a quick trade, found themselves on the losing side very quickly, and as usual decided to cut and run.
Now, I think most who owned shares for more than a day know that they price will get back to $4.50 and $5 sometime in the next 6 months - but the news of the repurchase in itself shouldn't put it there immediately.
I agree - the 100,000 bid is the repurchase and should provide a floor.
If anything, it's good for the repurchase - lower share price means more shares will be purchased. This is good for shareholders.
In line with our prior posts/discussion - the end result will likely still be a take private buyout by Ron. This simply provides an easier low cost way for him to get there. Use the cash to grab as many cheap shares as possible, then after another 20% of the float is eliminated, the out of pocket cost for the remaining shares is that much less. He's in no hurry - he knows earnings are on the near-term horizon so shares will only being going higher all on their own.
Buying under $3.75 is a slam dunk for anyone with more than a week long time horizon.
I thank them though - sold into it yesterday, buying back from them today...still have my position, plus extra profit in 24 hours
What happened to the shares after the same investment at this time last year?
More shares issued = more dilution. But hey, company is announcing losses so dilution is good because it reduces the loss/share.
Bottom line - SHOW ME THE MONEY! Show sales growth, announce profits, then the shares will trade at an appropriate price.
Ok - so let's do this - you stay on top of watching over STI's reputation, and I'll keep watching as my brokerage account balance grows.
How does that sound?
Most of the stock market is now overvalued. Nasdaq stocks have now begun going up because Average Joe is jumping back in and he's up to his old games again chasing whatever stock is being pumped. Volatility is increasing. This will all end very badly.
Brekford is currently undervalued. This last drop in share price was overdone and exacerbated by tax selling during December. Once people begin to look for value amid the sea of companies that are overvalued, BFDI will begin to get support again.
Shares should be trading in the .40 to .50 range right now. Look for shares to get back there during the spring or summer at the latest.
Since STI is at 52-week highs, and GS is not at all-time lows, it simply means you are #$%$ in the head.