I am not a know it all on spot pricing and shipping rates but I do think TNK is very undervalued and has been for a long time. I've owned it for awhile and have just been waiting for the big spike which comes around every so often. You might have to wait years, but when it happens it happens fast and the move is dramatic.
If the stuff that needs to be shipped becomes expensive for whatever reason then it's natural for those who ship it to become more valuable too.
Who knows? But if tensions increase and oil continues to be expensive then TNK should go up. Stuff.....it happens. Own stuff and own the stocks of companies that ship stuff.
HIPP has never lied to anyone since Arena et al were canned. The company has actually been pretty transparent. They just don't have a product that isn't available elsewhere from bigger players at lower costs. Mobile advertising can be done "in house" for most companies. Honestly, there's no need to hire the likes of HIPP. They were an interesting company 2+ years ago when this was all getting started and the stock was $2-4. But not now. You can't sue 'em. For what?
And whatever you do, don't average down. Anyone trading a 17 cent stock for 1-2-3 penny/share trades is being silly. The volume of shares to make for any meaningful gain is not worth even the transaction costs. Get real.
HIPP will end up around a dime. I thought it would get there sooner than this but apparently there are some knuckleheads out there actually buying the stock in hopes that something that's never going to happen, happens. Kindest regards.
I'd like to agree with you, Salty, but then we'd both be wrong. HIPP has 154+ million shares outstanding. Trading 250k is something like 2/10th of 1% of the shares. At .20/share that comes to roughly $50,000 a day. Divide that among 10-15 trades and the dollar amount/trade is insignificant. It's simply penny stock, get quick wannabes trying to flip a 10% move....which might net a few hundred bucks per round trip. Look at the chart and volume. Any time in the last 2 years when volume was significant (over 1 million shares/day) it was almost always a down day. In other words big volume only shows up in HIPP when people are wanting out. I know the only buying/selling in this stock is just flippers and day traders that think a 10,000 share trade makes them look big, but they're playing with tiny amounts of actual cash....a few thousand bucks.
HIPP is not an investment anymore. The ship has sailed as an investment. HIPP is only about keeping the doors open and making enough to pay the employees. Investors are never going to make any money here. If you're a flipper and are happy making $300 every now and then, go right ahead.
Sentiment: Strong Sell
Again...justnkz....if....if volume picks up it will on the way down. I sold my shares almost 2 years ago now....I think Aug. '12 and the stock was around $1.50 (could it have been Aug. '13? I'm pretty sure I took my AUGT tax loss on my '12 tax return. I don't think I ever owned it as HIPP). Nevertheless, no one is going to jump up and down and say "Goody, goody....I can buy HIPP for a dime now!" Think about it. 150 mill shares at a dime = $15 mil market cap. That's generous. Their IP is archaic and of absolutely no use to anyone else. No one needs it except HIPP. Sales are flat...at best. The company was suppose to do $40 mil/yr. 2 years ago. The company is not growing.
Why is anyone thinking it's going to change?
HIPP (originally AUGT) is still on my "watch list". It's long. So I sort of pay attention. I was once enamored of AUGT and thought it was an interesting spec. It's not. I'm just continuously amazed that some here continue to own this lead anvil of a stock and hold onto it while it drags them all the way to the bottom. A dime....that's the bottom and that's where it will stay.
Bob...the others aren't selling because their shares are meaningless to their overall portfolios. For those who bought 10,000 shares at a buck hoping for a speculative home run, they're down 90%. The sellers who wanted to sell sold a long time ago. Even this piddling volume suggests only a few even care if they net .10 on the $1. The stock has no value to anyone who has any sort of portfolio. If anyone made HIPP/AUGT a big part of their stock holdings and they are still holding the shares they should look into doing something else.
HIPP never, ever should have comprised more than 1% of anyone's holdings. Obviously, it might now.
IT IS NOT GOING BACK UP. Oh, it might bounce to .16-.17 cents. But it will never see .20 cents again. That's over.
I've owned the stock for awhile and didn't sell when it touched $14ish last year. When it got back down $10 I doubled up. I'm happily in the green again and am going to wait for the news. Big gap up this morning on high volume. No news.??? Something's going to break, I would think.
hey, goneskiing...how are ya? Honestly, HIPP/AUGT is the only stock I've ever heard of that the insiders can't buy any shares of. That is a dog that just don't hunt anymore. It's simply a lie that keeps getting repeated.
Actually, their salaries are not all that great. Get it through your heads. HIPP exists simply for the benefit of the employees. This is their job. As long as there are saps to sell dilutions to, they will. They need cash to stay open. They sell a little bit of mobile ad stuff. Collect some cash to pay themselves. Wash, rinse, recycle. It's been going on in the business world forever.
I run a business. It would be great if I could just sell bits and pieces of my business to 3rd parties (scraps of paper that say they own a piece of my business) for cash, knowing full well that eventually I'll just shut down and leave. You have to pay loans back...not shareholders.
"So that you can reacquire your shares at a discount? I see."
Discount? What discount. Step right up there, Bub. The shares are practically free.
And, BTW, I don't hate the company or the people who run it. It just is what it is. I apologize for basically stating the obvious. Poor baby. Just ignore me. I'm OK with that.
It would be safer just to short the S&P. Shorting GILD is a fools game. Maybe for a few bucks now and then...a day or two trade. But for portfolio management you wouldn't short GILD....at least nakedly. If the market goes up, GILD goes up more. If it goes down, GILD goes down less so.
The author of the article is anonymous. SA is notorious for this. Posting positive of negative opinions anonymously should be ignored. No way to check who this guy is. His credentials. Anything. It sounds credible but the guy just might be a manipulative goon. ISIS has huge pharma cos. partnering with them. They know what's going on.
It's always a momentum or anti-momentum play. I have found....maybe....10% of the time they get it right.
It's sort of simple. Since most of SA's articles are written by amateurs or wannabees or those thinking they know more than the next guy (people who REALLY do know don't post it for free on SA....they get paid for their knowledge) they tend to follow the sheep or think they're the only guy who isn't one and goes the other way....like in this case. Even Cramer puts his name on it and suffers or benefits from his opinion. He gets paid too.
Be very leery of anonymous opinion makers.
Moving higher? To what? .16 cents?
Trust me, you will never see .20 again. Let alone the $2-3-4 range that many bought at over the last 3 years.