You bet. that's why they are taking no action in venezula...why incur more legal fees
All the Asia country's get most of their coal from Australia not all but most. Closer and less expensive to ship.
They have one guy who takes calls. He probably has 10 million calls waiting. Are you surprised and why?
There is no positive here. The problem…simple…debt and lot’s of it. The short’s, and I would give anything if I had shorted, but I didn’t.
The short’s will more than likely, never cover. There will be, maybe, a dead cat bounce for a day or two, but that is just because of day traders, like me, who will bump it, but then, drip, drip, drip down. Finally, for those of you still long, one morning you will have that headline, WLT files for reorg under some plan.
Yes. I shorted a stock years ago, forgot now what is was....anywho...
I never had to cover. It when into reorg and a year later full BK.
I never covered, made a nice hunk of money. I don't think I would short down here though. There is the possibility, remote as it is, some kind of good news and it goes soaring. Weird how there is absolutely no word from management, and I mean nada! Very strange.
I'm not in this, I only trade now, in and out. I traded this a couple of times based on chart.
I don't say this often, but...I really think there is some hanky-panky going on at RNO. I suspect legal looting. Yep, you can legally loot, goes on in our financial markets every day. I suspect a few of the principle's have paid themselves all the money and have now skipped. They can pay themselves what ever they want. It's legal.
And...I find it really, really strange there have been no law suits yet. There are a bunch of firms that do nothing but this kind of thing, like Rosen. Real strange I have seen no legal action.
Of coarse, I can't even trade this now as there is not any volume. But I enjoy watching this one just to see how the cookie is going to crumble.
If I were you, tempting as it is, I would not short, you never know.
"Second Quarter Fiscal 2015 Financial Highlights
•Net sales for the second quarter were $108.4 million, a decrease of 22.1% from net sales of $139.3 million for the second quarter last year. The expected decrease was a result of lower consumer demand and competitors' excess inventory at distributor and retailer locations, which followed an earlier surge period when consumers purchased firearms in anticipation of possible additional restrictive regulations. Sales of long guns, primarily modern sporting rifles, were most heavily impacted, declining 50.3% compared with the comparable quarter last year, while handgun sales declined 15.0% -- a smaller decline because of continued strong sales of small concealed carry polymer pistols and revolvers.
Read more: http://www.nasdaq.com/press-release/smith--wesson-holding-corporation-reports-second-quarter-fiscal-2015-financial-results-20141204-00998#ixzz3Ky3j31O9
•Gross profit margin for the second quarter was 32.1% compared with gross profit margin of 41.6% for the second quarter last year. The decline was a result of lower sales volumes, particularly lower sales of higher margin products, and the resulting decrease in fixed-cost absorption as well as unfavorable spending relative to sales volumes.
Read more: http://www.nasdaq.com/press-release/smith--wesson-holding-corporation-reports-second-quarter-fiscal-2015-financial-results-20141204-00998#ixzz3Ky4EVvaG
Real bottom my rear end, I'm not in this, although I did scalp this today for 0.11 a share, in and out within 10 minutes and made a few hundred dollars, so fine. But...the truth...folks might consider just selling and take the little write off they can...cause with their debt...BK or reorg IS coming. Either way the stock will be wiped out.
I've seen this story a hundred times. Heavy debt for a small cap company like this is the kiss of death. Or...they can issue a secondary, but that ain't good either. What are they going to get with a secondary, at most a buck and a half, if that.
I wonder this thing goes to a buck tomorrow.
SeaChange International, Inc. (SEAC
) is reporting for the quarter ending October 31, 2014. The communications company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.13. This value represents a 285.71% decrease compared to the same quarter last year. SEAC missed the consensus earnings per share in the 2nd calendar quarter of 2014 by -1150%. Zacks Investment Research reports that the 2015 Price to Earnings ratio for SEAC is -16.31 vs. an industry ratio of 41.20
There's a bunch that will be going, some sooner, some later. Oil's everywhere...oil...oil...and more oil.
Every where you turn...oil! It should be priced much lower. Oil will go up again at some point but with all
the advancement in alternative energy. solar, wind, etc, I doubt oil will ever be much over $100.00 again.
It's going to come down to the cream of the crops that survive. I've traded WLT a couple of times based on charts and I'm well aware that their fundamentals are a train wreak and I am not surprised. There are a lot of small caps that are the walking dead in energy. I've always known WLT was one of them.
Are any of you really surprised. Mak lot's of money, just short the weak players, yes, even now, way down here cause they may dead kitty for a few days, but then...drip...drip...drip to BK or reorg.
I was trying to do a little scalp all day. I looked away at 2pm, came back 30 minutes later and they tricked me. Jumped $0.50. DANG!
Makes perfect sense. RIG and SDRL are not asset plays, a lot of rigs that are not going to be in service, just sitting there. HAL is the play now I think, others will survive but who knows who, HAL for sure. RIG and SDRL, I don't know...too much debt. Only the shadow knows.
That debt is 13 billion, not million. That's a problem, the companys that will bounce back the fastest are the ones will low debt like EOG, Exon and the like. The small guy's are gonna get wiped out. SDRL will survive but that debt is a biggie to get around.
People don't realize how cheap it is for the Arabs to produce. They bring in Egyptians to work the fields and pay those poor people nothing. Our guys gotta pay!
Short term good for America but long term not so good.
Those Arabs are trying to get us behind the eight-ball again. Look out folks. Cheap gas now is gonna cost you more later.
Another China scam. I got rid of all my China plays several years ago. They are day chart plays only. And...this one is even more deadly than most. No history, only been trading a short time.
All the signs were there.