After a beat on earnings and revenues, up 50%+ YoY, the market makers must be letting the floor fall out from under TWTR so they can reload for 2016. Seen in any other light, this is just stupid price action. At these levels, this is not a bargain, it's an outright steal.
Only idiots were "disappointed" by AAPL earnings yesterday. Street had moved up expectations to $1.80, well over last year's 1.34, and AAPL beat that by a nickel more. Trailing earnings are 8.66, for a trailing PE of 14.4. Absurdly low for a cash generating monster like this. Forward PE for fiscal 2015 is 13.7, and for fiscal 2016 is a mere 12.7, BEFORE any additional earnings upgrades are factored in.
UBS target of 150 is conservative.
17% loss today - business must be good for the dumper side of the pumper-dumper biz
From 0.52 to 0.41 in two days. Hmmmm...seems the pumpers are truly upset at my timely
lament, and warning for the remaining die-hards.
Soon OMEX stock will be joining the wrecks at the bottom of the ... East River, or maybe Tampa Bay.
Down another 4% today. Who is telling the truth - you or me?
Pumpers are paid liars. I am just a former shareholder, who is
sorely disappointed in the junk story that management was selling
retail investors years ago.
I can show you underwater mozaics from the Republic when I was following the story minute by minute, and the whole circus around Gibralter a couple of years later. The principals here are living large, and the shareholders are bagholders. Glad I only lost a couple thousand before seeing the light, and my apologies to those who bought in when I was enthusiastic about the company. The history is in the chart, which is going down for the last time. See you in the pink sheets this time next year.
Oooooh, a moron pumper replies. What basement do you inhabit, nutjob?
Anyone who gives you any credence deserves what they get...
I was with OMEX just after the SS Republic find, and held for a couple of years. Month after month, I saw the hype and nonsense financial models of this company drain revenue AWAY from any hope of returns for the common shareholder. All the projects were financed with private money, and the "privateers" were given all the spoils from the finds. Minimal returns came into the company for the long term, just keeping it barely afloat. OMEX is NEVER going to pay off for the shareholder. Don't even bother with it. I peek in here once a year or so, just to confirm that this dismal shareholder ripoff is on its usual track.
Treasure hunting is a fun life for the principals of the company, and common shareholders are (were) the enablers.