Don't even remind me about oil because I always wanted to buy oil for years if it hit $30's, because I was mad I didn't buy it last time it hit 30's. Because of this #$%$ stock all my money is tied up.
Yup, you got it 100% right. Nobody cares because the CEO is terrible and has given us nothing but losses. Anyone looking at this stock will clearly see quarter after quarter of losses.
He just can't do anything right except sell his stock when he knows sales are going to be terrible for the quarter.
People are obviously expecting more fails from this guy. Hopefully that won't be the case. Everyone is just fed up at this point and the low price of the stock shows it. At this price people will stick it out but if the price was higher most people would probably bail.
It would be actually funny if I didn't own over 30K shares, you know what I mean?
I'm probably one of the biggest bag holder around here.
LOL, yes I was thinking the same thing recently. Even with a decent report we are going to or lucky if we see $5.00 now. The people manipulating this stock will make sure of it.
Yup I thought the same thing. I spoke about this that the volume is so low that the price can be what ever somebody wants to keep it at.
This isn't very reflective of the stock because most people who want the stock have already bought into it. Until the stock can show a profit, even a small profit, it won't move.
I believe like others that it's being manipulated at this point for a reason.
I agree with argyle46, I never really figured he was Carl Ichan or anything like that, but who ever this was bought a lot of shares and when he was saying he was buying the stock was rising.
It was either him or a very good coincidence. But I say it was him.
That is the best way I discovered to deal with this stock is just to not watch it closely and come back and check after a couple of weeks. No matter what you will have to wait until next earnings which don't guarantee anything, Coffee prices still fell last quarter and I bet they are a bit exposed, They only stopped hedging recently so I bet they are still a little exposed.
Im thinking two more quarters we may have to wait. Coffee bottomed a few weeks ago and seems to be rising and staying stable,
Told you guys this will happen. I have watched this stock so closely I can easily predict trends without even looking at charts. Stock is very manipulated, that is why I can predict these things.
Low volume is the problem
Usually when there is negativity they hit. They will drop some shares in the hopes some of you panic and hit stop loss. With the stock market in bad shape they will use that also to #$%$ you guys. I know the pattern very well.
Remember the stock is already highly devalued and even though they may see a small hit with the coffee prices down a little this quarter, JVA general business is profitable and has always been. Stick with this fact that they have always been profitable outside of hedging.
Shorts usually come in now, doesn't make sense,
The stock won't move unless they have good earnings and can show a profit.
I can drop the price to mid 4's if I wanted to by dropping 20K shares at any time.
Not worth even thinking about the price with the low volume. Anyone can manipulate it with very few shares, but this doesn't mean anything really because most people are not selling or buying.
This is really good news if this is the case. Is this something new?
This could explain the timing of everything JVA is doing and taking the final loss last quarter with those hedging contracts.
Good thing they got rid of those hedging contracts because they would have had another multi million dollar loss this quarter as coffee has fallen a lot this quarter.
What I noticed it doesn't take many shares to significantly push the price where you want and then it will stay at that new price.
So if someone dumps say 15,000 shares he will push the price down significantly. Then for what ever reason it will stay and trade at that lower price until something happens.
Right now everybody who wants to buy in has bought until something changes. The price can be pushed where ever to be honest.
If you're going to short you're better off waiting for next quarter. I think Macys will do everything they can to make this quarter look good to try and not scare anyway because of the Trump fallout.
Macys will do all the creative book keeping and push sales etc. this quarter to try and look like they made a good decision by siding with illegal aliens.
Just my thoughts here that is all.
Don't just think about the 30,000 accounts. I don't have an account but would personally not shop at Macys. Why?
Because if we let companies win by using their power to block free speech then we have lost. You have to let them know that if they pull things like this in the future there will be consequences.
I'm sure lots of people who don't have accounts are also not shopping there.
I can't believe the stock hasn't fallen much and believe the sales numbers will be a lot worse come earnings. I personally would avoid shopping at Macy's because of the Trump matter, even if I had to pay more elsewhere.
Why isn't the stock a lot lower yet? Do people honestly think their sales numbers are not going to get hurt?