re, no legal issue, you may be right, but there is a political issue. Legal issues can be settled in a court, political issues go on forever.
There is no legal issue in the price for GILD's Solvadi, but the govt attacks on it have hurt the entire biotech sector. Political issues can be more trouble than legal ones.
Were this just a legal issue, I would have double the position I now have. Being a political issue, and knowing that in the govt, piling on is allowed, I am still being a little careful.
btw, I had sold LCI at 44 or 45, bot back under 40, so I am not in the pain some people may be in. Thus I can be a little more patient.
Waiting to see a ER announcement!
I agree, but is there a date for the ER? I have seen companies, faced with this oppressive govt, hold off all corp communication until there's something to report about the lgal issue, so maybe LCI delays reporting?
Last Q, they reported on May 7, and announced that date about a week earlier. An equivalent date this Q would be Aug 7-12 or so, maybe we see an announcement this week about an ER? if note, it is being delayed.
A delayed ER is a delayed recovery in the stock price.
The train has left? Geez, the train I see is not leaving, it is going backwards!!
Just a silly thot, what about something other than solar?
Solar is a huge underperformer so far this yr.
In my "alternative energy" watch list, which has the solars, I also have the biofuels. They have had a great year.
I want to be out of solars, not get in deeper.
I want KNDI to go up, as do almost everyone on this MB. But, it won't.
We need to understand how naked shorting works. People are selling shrs that don't exist. In so doing, they flood the mkt with shrs that don't exist, upsetting the supply/demand. If a buyer emerges, they sell 10x the shrs. And drive the price lower. They have an unlimited number of shrs they can sell, they don't exist!
When does this come to closure? Well, settlement is t+3, so they get their way for at least 3 days.
Then, there is no enforcement of the naked shorting rule. A quasi-govt group called DTCC, Depository Trust Clearing Corp, sends out a nice notice that they are delinquent to deliver shrs (ie, a "FTD", failure to deliver). Mostly, the HFTs and HFs ignore those requests, esp when they are deep in the $$. There is no penalty for ignoring the notice. DTCC has no enforcement power.
After total destruction, all the real buyers are discouraged, and leave. At that time, the shorties start buying back, very carefully.
Bottom line, when you get into their sights, it could take a week or 3 to get out of their sights.
I hope I am wrong. FYI, I sold computer HW and SW to DTCC years back, and to many of these players in various apps, I am sure of what I say.
try the SQNM board, it will amaze you that people are so stupid, or have so much time to waste.
800 with an ave cost of 18.82, and 600 below 19? So the other 2 cost what, 20 bucks?Anyway, if you bought before the drop , and never bot more at the bottom, you are a scared investor. No offense intended. So you shd have sold at today's hi.
If you just bot them, you certainly shd have sold today.
If you didn't think this was a strong enough company to add at 13, then you need to get out, bcse, if it does drop, you will sell at a loss.
just FYI, I doibled up at 13, and I sold then all today close to the hi, and bot some back with 3 min to go in the day.
Don't listen to the people on this MB about the direction, they are mostly wrong. Why? Bcse they are all "true believers", and not objective on the ST price of the stock.
Of course, if you will hold for 12 months, you will make more money, but you might need to endure a steep downdraft.
I have been in and out of FENG many times. Some times, my timing was good, and this time, it is very bad.
But I also learned to be patient. The price of FENG's stock has almost nothing to do with how well the company is doing. It is all about demand for small cap China stox, and small caps in general.
I was out around 13+, in at the hi 10's, and now just waiting. I suffer some portfolio anxiety, but remind myself that I have been here before. This will change.
Don't sweat it, it was strong, not weak (relatively speaking). I also was in AFOP at 13, which I sold at 20, it was 22 in just a couple more days, then it dropped 9% yesterday. The China solars all got hit hard, I have to think there was some China govt/China bank or currency news that affected the entire group. (AFOP looks like a US company, but all their work is in Taiwan/China).
I almost bot more, but decided to see what Monday brings. They had a great report, in the long run, it's rev and earnings that count.
their cash + AR doesn't equal their AP. Plus they put a bunch of $ into inventory, when they say rev will be lower going fwd. Looks like a pretty drastic situation to me, they will need some alternative financing soon. Secondary? Probably not, but possible.
Read the rept, they did not do $2.7M, they did 2.7M euros. Which is about $2.1M. Briefing got it wrong. I'm pretty sure the guidance is in Euros too.
What I am not sure of, were the est in Euros, and not in $$?
But, it doesn't matter, the mkt cap is in $, and I am not paying $240M for a company that is going to do even $13M dollars this yr. Dollars or euros, the ratios say that VJET needs to be 8-10/sh.
Thanks for the common sense observation. Following that common sense of the companies guidance, I have held my TSL et al, and am getting murdered.
The thing that shd be on all our minds is that solar, and many other parts of the economy, depend on govt actions. In the US, housing is very dependent on the availability of cheap mortgages, and housing drives many other parts of the economy.
The US govt may be $17T in debt, but the WW govts are about $110T in debt. How will than play out? Who knows, but it is that issue that plagues these stocks.
so you must be in agreement with the moron who says volume is dwindling and buyers are coming in?? For a stock that was down 5% today?
I don't put guys like you on iggy, I need the entertainment of fools!!
idiot logic. "Volume is dwindling . . . demand is building" is an oxymoron, you moron. If demand were building, the volume would be growing, and the price would not be stagnant.
Citi has a vested interest in AMPE, that's like your girlfriend asking you if she looks nice, there's only 1 answer.
We already saw the selling when AMPE popped to 7.60+ a couple days ago. I sold some, shd have sold it all, THERE IS NO DEMAND for AMPE.
.12/sh, I hit it on the nose!!!
As to knowing what they do, I do know that, but I also know that listening to the "narrative" has cost a lot of investors a fortune in the last 3 months.
He's too dumb to be a manipulator, he is, at best, a dupe, at worst, and idiot.
Why would the bondholders stop a going business, and kill their chances of recovering their money? Doesn't happen. The only time a bondholder forecloses (and in this country, it's expensive and time consuming) is when they know they have no chance of getting their money back.
The HFTs etc all all naked shorting Chine solars. Look at JASO, CSIQ, and tohers, who just recently (JASO today) gace bright outlooks, and their stocks pop briefly, and get sold into mercilessly. That's naked shorting. Clear and simple.