You are correct jd........, from a value point of view the stock is at it's highest right now. Many confuse value with price. The price fluctuates depending on supply and demand at any given time (and other factors) but value is built over time. Looking for higher values and higher prices. (IMHO, long SILC, do your own DD).
If you are honest with your question, the best advise I can offer you is don't listen to anyone on this board or any where else. Think for yourself, this is a high risk situation you may lose a lot of money or can make the difference between 3.20 and a few pennies (potentially). If you are not knowledgeable about shorting and it's risk you had no business taking a position. Hope this will be helpful to you.
I have been in this stock for more than 10 years, not only have not sold a share but added to the position in mid 40's a few weeks ago. While anything is possible in the markets as long as the fundamentals are strong I plan to stay with this even if the growth slows down for one or two quarters. (IMHO, long SILC, do your own DD).
As far as I remember they report usually about 3 weeks after the end of the previous quarter. Not many companies I have seen report ONE day after the end of a quarter.
I don't have any specific knowledge but usually such meetings are for starting coverage or coverage and later an investment banking deal, time will tell. It would not be surprising if Roth Capital starts coverage on SILC after the earnings report or soon.
SILC!! This is just unbelievable! The day will come (in my opinion) that we will look back and just shake our heads! How could they manipulate the stock to such degree?? Even if a quarter or two show less growth is the price drop justified? I believe it is not. (IMHO, long SILC, do your own DD).
You are absolutely correct about the shelf registration, it was ill advised, worst timed and very poorly communicated. It has served no purpose so far, a case can be made that they should reverse/cancel it and move forward.
You have some valid points. I have been in this stock for more than 10 years and believe the fundamentals are still strong perhaps very strong. I would add that even if one or two quarters show slower growth, this will not be the end of the world. The price drop has been difficult to deal with but at some point fundamentals and long term potential will become forceful. (IMHO, long SILC, do your own DD).
Very well said. The same way that the sentiment changed from super positive to super negative the reverse can/should happen too. as hinden.... mentioned the big boys that misses the move from teens to 70's had to bring this down to load up the truck for the next leg up, the future is bright but the markets/stocks are very much "manipulated" especially micro caps with low number of shares.(IMHO, Long SILC, do your own DD).
I hope you are right and also hope you are not hyping the stock. I assure you what we think and post here will not have any meaningful effect on the stock price either.
It can also be added to your comments that this stock is very thinly traded and that leaves much room for being manipulated. While the stock's price action is telling us that all may not be going as planned but the severity of the constant drop tells us (at least me) that there are other factors involved as mentioned above. The management is quiet that also is a factor but their style/mentality is that after all said and done, in the long term the performance of the company will take care of the stock price.
Yes I saw the 0.80 quote too, we must get used to big spreads and big fluctuations until we get back to normal trading. What this could mean is bid of 0.41 and ask of 0.80.
I am long the stock but not sure how you reached 20 pps. If EPS will be 0.40, at 25 PE we 'll be talking about 10 pps, are you expecting 50% sales growth?
As a shareholder of Diamondhead Casino Corp for many years, I have been on the roller coaster of the stock and the company. This time around with Ted. A. running the show and the new wave of spending in the area I am hoping that our time has come. Like many others I am waiting for the site approval, license approval, financing, etc. but more than anything else I am waiting for the first shovel on the property. Once this becomes a developing land (vs. current raw land status) then with 400 acres the potential is huge. Keep in mind that the casino will take no more than 50 acres then we will have another 350 to go, the potential can be huge! (IMHO, long DHCC, do your own DD).
To all those that believe the gaming market is over saturated in the coast area, are these folks crazy? Do they do their homework before they decide to spend 250MM to build a casino/hotel?