In addition to the very high cost of the CDS protection going forward, and the fact that now everybody knows that the CDS were manipulated in the past, nobody is going to be buying any more of that CDS junk. Nobody gets fooled more than once with this so I agree, it's game over on selling more CDS junk. Owners of CDS expiring in Dec won't be rolling it over to March. So what is their choice? Sell the CDS expiring for whatever they can now? Try to force a credit event somehow before 20 Dec? We don't know how much in CDS is held for Mar and Oct. I'm not sure what those holders would do, I think for safety sakes I'd close those positions out given the past.
If they do get "bailed out" it would only be AFTER bankruptcy and after all the debt is cleared off the books and all the current shareholders are wiped out.
I've found the best way to make $ in the stock market by far is to put high delta, in the money puts on stocks that trade high volume, like 1M plus a day on average, that show up on the SEC's Fail to Deliver List. Yep. It's like shooting fish in a barrel. Anybody that naked shorts has done their homework IMO. This garbage goes waaaaay down. DB is the next Lehman Brothers, brother!
You forgot that P is in the public eye and that numbers don't really matter, especially in January. Short in April or May or Pay!
You're missing something really big. Seasonality in stocks, especially those in the public's eye. Number don't matter. Seen this for years in P.
P has a strong tendency to go up a LOT in January, no matter what the story is. This shill Barton Crockett knows it and is well paid to provide cheap shares to his bosses, no matter how stupid it makes him look. What a horrible job and no $$$$ is worth it.
FBR capital made a call on P back on Oct 2013. It was then trading around $26 and FBR came out with a $25 target. It never went down to $25 and P then went up to $40 from there. Anybody that sold or sold short then based on FBR got screwed.
Analysts throwing in the towel is a good sign. Won't stay down more than 2 days. When was the last time an analyst was right? They are paid shills to provide that last gasp up on an upgrade at a top or last gasp on a downgrade at a bottom.
without first having the transition direct sales already in place ready to go. Amazon and Ebay get a pass for their fake 3rd party sellers but not JMEI which tells me that the insiders of JMEI really aren't very well connected and are outsiders. Just a theory, no proof here.
It's because this was a rapid growth stock with a history of huge revenue growth, then in the first earnings report after the IPO, expectation were very high at $39 that the growth was no fluke and would continue and that JMEI would blow the sequential revenue out of the ballpark. They didn't deliver and announced FLAT revenue with the previous quarter. It also didn't help that the Hang Sang Index had topped out and was in correction mode at the same time. Now here we are the next earnings report and it's more the same, Hang Sang going down again and FLAT revenue with the last earnings report. JMEI is getting rid of all their 3rd party sellers on it's website. That kicks revenue in the keister. They are replacing that with direct sales. Will it work? They are also changing their product mix to apparel and beauty products. I think that's a good idea. I wouldn't have dumped all the 3rd party sellers.
The low end of the range considered in the IPO was $19.50. 50% off the 52 week high is $19.73. Fibonacci, with a method I devised for IPOs based on the IPO's first week of trading, shows support at $19.70 and $17.55 below that.