NO, I am not that guy. I just learned of this company. Did DD; the clinche was CEO admitting that REVENUE WILL NOT GROW in 201. Sorry; but I can't invest in a company when CEO is FORCED to admit that 2015 will be flat years. Will revenue am oing to take him at hio words. grow in 2016? I don't know; the CEO can not bring himself to make this easy forecast. Forecastinf two years hence, when the CEO is not ready to do, is too much. You saw the High of the year. See you LOWER, much lower.
I am listening to the CNBC, he just conceded that there will be NO REVENUE GROWTH. As usual, Kramer is hyperventilating, but he is the single best contrary indicator.
The stock will close significantly below pre-market. For me the key numbers are: (1) Revenue growth in 2015, and it will be DOWN; (2) Profit growth and it will be DOWN; (3) Mutual funds that own 60 percent; and they will SELLl their stake on GOOD NEWS: Buy on Rumors and SELL on news.
Prove me wrong and I will stand corrected. It will trade sideways and go down oncee the market digests the fact that REVENUE will not rev up. Sorry, dont own it but hope to warn the thirty something newbies. Good luck, either way.
SEC is probably so swamped with similar cases that it will, understandably, not look into it. The fact is the VOLUME all of a sudden spiked by several hundred percent, more than any time in the history of this equity, for three days prior to the news.. Next you know the company announces the Big News, the stock spikes 40 -50 percent, and those who bought three days ago on unprecedented volume spike, long before the news, sold and now you have the LITTLE GUY retail investor, not the Smart Money mind you, holding the bag.
Disclosure: Have never had any position in the stock, was inclined to take a position but decided not to. Just dismayed that retail little guys like me had to pay a gigantic premium for an equity that the gulf buddies, girl friends and associates of the insiders must have already known days ahead. Otherwise, how else do you explain the gigantic uptick in volume in the absence of any news days ago. I AM HOPING THAT THE SEC LOOKS INTO IT. We can all dream now and than.
You could be right; it may will spike to 18. If trading the stock, I would take at least half of the profit now. But also get ready for shorting as the spikes face resistance but before the retrace is in full swing. Not easy, but doable. That said, I would not invest with the prospects of a bad 10Q and negative guidance ahead. So trade yes, by all means but no investing.
It is increasingly the case that biotech and medical tech companies companies time the 'good' news just before they announce DISASTROUS quarterly sales/earnings news. The stock shoots up 20 -30 percent on the good news, only to lose all and than some when the horror of the quarterly sales/earnings loss is unleashed on the market. Still, short term PPS stabilizes roughly where it was before the 'good' news, or about 11 -12 for EYES, which is still pretty good for EYES' management's performance, given the ba quarterly numbers.
I am pretty sure that the quarterly numbers are really awful, otherwise what is the reason for making this announcement just when they are about to release the 10Q.
If you by at these levels, 15 - 15.5, you will lose 25 -30 percent within the next few days. Mark these words.
The last time it jumped 40 plus percent, it had near fifty percent RETRACE from its closing intra-day high. If the pattern repeats I see 12.50 - 13 dollars within the next 2 days - week.
Short term, buy at 2.10 - 2.20. However, intermediate term, it reverts back to 1.45 - 1.75: an over-hyped extremely low quality #$%$ shoot company which offers the warm over version of the roughly the same news over and over and over and over again.
Typically, the stock that jumps on no news as this did, thanks to extremely low float, will retrace 50 percent of the gain before it finds SHORT TERM bottom. This shot up way too fast, therefore 55 -60 percent retrace for a first bottom, as it has done several times before, sounds reasonable and true to the PATTERN. Thus, wait until it hits 2.75, below 3 and buy for 15 percent gain. In a month it will be back at 1.5 - 1.75, the volume will completely die. Buy a few hundred shares each day until you build a position and sell on the next utterly unexplainable PUMP.
Since the management knows all of this, it must be hopelessly dysfunctional or stupid for running an utterly illiquid company that should not be traded public. Than again, this is a GOD SEND for smart small time retail fast traders.
Don't blame shorts. The public offering earlier in the month issued immediately exercisable warrants, only .25 cents more than the share offering. That would have told you everything, I mean everything about here this going: News combined with vulture fund organized PUMP, followed by gigantic DUMP. The vulture fund that funded the 10 Million dollars secondary made 100 - 200 percent.
Thus, a quick trade on the upside, but safer bit was to short. Those guys did not finance the secondary because it was a great investment; rather to get out quickly on the 'Big News' they already knew was coming and probably was part of the deal. So do not blame me, blame yourself for not doing minimal DD.
I suggest 65-66 as it retraces 40 -50 percent of its rise today. Why? Because it is selling at twice the growth rate; it is not cheap, the two extra cents for the quarter notwithstanding. I would be taking profit .
Below 70; tomorrow when people reflect on the fact that the stock is selling at hundred percent premium to its growth rate, the stock will retrace 50 percent of its gain garnered today. Good entry is 65 - 66.
Personal attacks does not help, stick to key arguments. It is all about making money, period. So which part of my thesis you disagree with and why? What evidence can you provide? I presume you are long. Fair enough. Why do you think it will go up, when today's news failed to fuel the stock and there have been two pieces of so-called 'important' news and none caused sustainable PPS hike.
Just the facts Sir.
The management tried with yet another warm-over of old news which it has played over and over and over and over again. Fool me once shame on you, fool me twice shame on me. The market refuse to be fooled twice and thus the PUMP failed.
It will revert back to the mean 2 -2.50-. How long will it take? I don't knnow but it will get there. Once the volum is nearly completely dried up buy and wait for another PUMP and that is when you DUMP hard as new baggies take it off your hands. In the meantime, short or sell your position, or just wait.
200 percent on NO news, ZERO change in fundamentals, hot air and horrible last quarter report plus no future, thanks to small float and savvy traders running it up and up and up. Now that the music has stopped it will revert to the mean: pre- 1.75 price. It will take time. Buy when volume is practically nill an d sell when huge volume, and for no reason. I think there are a couple of ronds like that in the life of this equity. So selll now and buy weeks and months later at 60 percent discount.
YEP: And some emotional investors are willing to pay ONE HUNDRED PERCENT PREMIUM TO GROWTH RSTE and 20 percent premium to one time 2 cents beat. Crazy price; Give me a break. When you add the Market Risk as indices are approaching once in a life time all time high, you begin to wonder.
If you are a trader, it is the best time. But, as an investor I would be cautious paying double for half the growth rate. Have not you heard of the Growth At A Reasonable Price? $ 72 is not a Reasonable Price. It Is Too High.
Give me a break: YES it did beat the consensus estimate, slightly shy of the high estimate. But come on. Even at a couple of extra cents it is selling at nearly THIRTY TIMES 2015 PE, yet it is growing at less than half.
If you are a trader, by all means buy make quick profit. But as an investor I will NOT pay such a gigantic premium of 20 percent plus. Ten percent intermediate term premium and none long term (2015) 5 percent premium is the safest bit. My two cents.
See my earlier post. Disclosure- do not own it, intend to take position significantly below 3 and will wait for the next pump and dump, as I did weeks ago and cleaned out the house.
Buy when the volume completely dies and the stock reverts to this #$%$ company's mean, now 2 - 2.5. Next count on the borderline 'fraudulent' management to come up with another warm-over version of the same BS they have been rehashing over and over and over and over again. I am thinking that there is at least one or two more of these so-called NEWS-PUMP-DUMP in the life of this stock. My two cents and good luck Newbies, I am counting on you getting sucked in, desperation selling, and buying back at very high price on the next 'big news'.
Don't expect the market to be fooled yet again. The gimmicky management of this company was hoping that PPS uptick due to Feb 17 news will hold this time but their fellow vulture funds dumped on the news, as if they knew it is coming, and out of desperation they rehash the old news. Guess who is their authority that this means something, some college professor out Arkansas Medical Center. I kid you not.
Expect the stock to spike just a tad and fade into the afternoon. In a few days it will go back to 2 - 2.75 range as traders, retail baggies hurt at being fooled twice and momentum players exit.
I agree that the extreme volume hike is very suspicious going into the announcement. It happens over and over and over again. Consider today's price hike on the announcement this morning and yesterday unexpected volume hike. Just like the law enforcement folks from time to time rightly ask and expect us citizens to report suspicious activity to aid them in their law enforcement duties, similar case can be made in this case where so-called 'arms length' vulture funds appear to know in advance, take big positions and on the announcement they dump or at least there is established pattern.