Next support level is 40. IMO we stabilize at 38. Enjoy dividend reinvestment and purchasing shares at a lower price.
Fundamentals (Facebook deal, Netflix, Alibaba, upcoming movies) and Technicals (a break through the 200 day MA) points to a 25-30% upside move. Rapid growth in China (x3 72 million despite being pirated) makes this long term investor think the next year will be very rewarding.
This is rubbish. Why would Dillon be involved from the beginning if he thought they couldn't scale?? Fact is they are scaling.
The one constant we do have is continued management sale of the stock. There is no floor for the stock until management steps in and starts buying. Yes there sales are preannounced - but as an investor I don't get a good feeling as management continues to dump stock. Since management is not buying or attempting to put a floor in the share price - we longs have a serious problem,
Average insider sales of 200,000 shares per month for the last year has not helped the stock price. Management's responsibility is to instill confidence in the management of the company. Right now they are not doing that.
PE contraction and hedge fund manipulation is to be expected with ALL OF THE CONCERNS out there. Looking for technical support at 24.50 and then fundamental support during the next CC. Just think Immelt purchased 105,000 shares over 25 a share last March.
Investigate What? Insiders are dumping 200,000 shares a month and until they stop there is no floor for the stock. In a general market downturn (looks like we're in one) a lot of people dump their spec stocks to raise cash or to pick up safer (dividend) stocks. I am holding the stock simply because I want to hear the Nov CC, but things are currently not looking good for SZYM or anyone else in their space.
Until process at Moema is optimized they will not hit street expectations which is probably being indicated in the current stock price and large short position. I would like to see them exceed expectations and watch the hedgies get wiped out - but at this point its just wishful thinking.
hedgies trying to make money. LGF is holding up well. 2015 will be our year! Corrections are painful but this to shall pass. I am picking up some additional dividend payers on the big down days.
hedgies are deleveraging their positions in oil and gas. Selling begets selling for the suits. Over supply, lower day rates for the rigs, and demand destruction = a lower price for a while. I am a long term holder and believe the company may have to cut their dividend if the operating environment doesn't improve over the next few months. Looking for an upside catalyst on the horizon but currently don't see one.
I to am a fan. The move down is most likely some hedgies deleveraging their speculative holdings. Additionally, some investors most likely treated SZYM as a biofuels company and the smack down of oil over the last month crushed all companies in the sector. Lastly, the continued insiders sales (preannounced) of 200,000 shares per month isn't helping. Our hope now is the demand for the product as a food source or encapso takes off VERY SOON! Algenist is great but it doesn't justify the three plants without the other uses delivering in a big way.
Part of the issue outside of the hedgies deleveraging is the fact that they may have been basing some of their end use production for biofuels. With the price of oil collapsing so to goes the biofuels. I don't think there is a down side limit as long as the insiders are dumping their shares. They could create a floor for the stock if they simply stepped in an became buyers of the stock at these prices.
Hedges trying to make big money over the next month with an earnings miss and a sell on the news event for MJ1.
john - mhr and buds have the firepower to move it down and up. They make money both ways. I still firmly believe they are setting up for a sale and will keep it range bound until an offer is rec'd. Have a great Holiday Weekend! raj
I hope you're right in/re the upside potential. Is having any product inventory at the end of the qtr a good thing? Someone else may have built a better mouse trap - check out Fermentalg - appears to be a more efficient process.
I agree! Next cc should be interesting. Would like to find out how much longer insiders will keep up their monthly sales - yes they are preannounced, but they are surely not helping put a floor under the stock. Additionally, biofuels outside of DoD use is out the window. Many traders may look at SZYM as a biofuel and "oil" stock and not realize it is tailorable oils - which has led them to throw out the baby with the bath water.
Although the sales are preannounced the ceaseless insiders sales don't inspire investors to buy something they're selling. Nov CC may be messy. The technicals on this company are busted. Shorts aren't lucky they've been right for months just follow the insiders.
They will cover when insiders buy. As long as they dump 200,000 shares per month it looks like their interest is to continue to decrease share value for long term holders. If there is no goods news on Nov CC we could be going significantly lower.