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Seagate Technology Public Limited Company Message Board

whothehecknos 8 posts  |  Last Activity: Sep 1, 2015 3:12 PM Member since: Nov 10, 2005
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  • Reply to

    where do they stand

    by bot_feeder Aug 27, 2015 1:37 PM
    whothehecknos whothehecknos Sep 1, 2015 3:12 PM Flag

    Thanks for all the insight.

    Too bad the market can't get past this Chinese water torture. I guess it will hold back this stock the same as most others with Asia exposure.

    If the hedgies and traders keep up this kind of behavior, they will scare the US back into recession. The average Jane & Joe don't like all this volatility. Just creates needless anxiety, which will make them stop spending due to all the uncertainty being created.

  • whothehecknos by whothehecknos Aug 6, 2015 4:23 PM Flag

    I know this isn't the busiest Yahoo board, and the stock doesn't trade a lot each day.

    But what am I missing here?

    I get it that the company has been in recovery/rebuild mode for most of the last 4 years. But it seems to finally be back on the cusp of actually earning money again. however, the stock is trading near a 3.5 year low - not too far above it's low seen in late 2011 after revenues fell off a cliff and losses piled up. So there can't be that many holders with actual gains. Who is selling? Are holders giving up just as things are turning positive?

    When you look at what Yahoo reports for ownership, it says "% of Shares Held by Institutional & Mutual Fund Owners: 106%" and that doesn't include all us little guys & gals. Amazing! More stock is owned than should be possible. The short interest is 6mill shares or 17% of the shares. So that's where the extra ownership comes from. And it must be where all the selling pressure is coming from - shorts!

    What is their end game? Do the shorts really know something? Seems like the shorts could get creamed if some institution wanted only a small number of shares. Or is the overall market just disinterested in stocks like Veeco?

  • whothehecknos whothehecknos Aug 5, 2015 9:39 AM Flag

    "The market is no longer driven by investment, but by parasites looking to steal real wealth created by others. "

    That's what traders do. The Mafia called it skimming and it was illegal. Not so on Wall Street.

  • whothehecknos whothehecknos Aug 4, 2015 4:24 PM Flag

    But this is the way the markets have set the rules - so that this kind of stuff is legal, and frankly, encouraged. More money for the exchanges and the brokers involved.

    The stock is down 31% YTD (and 32% over 1yr) on nothing more than manipulation by hedge funds. Yet, the company's prospects have only improved every quarter.

    Yep - how can you put your trust in Wall Street?

  • Reply to

    Earnings were not bad

    by supracmdrr Aug 4, 2015 8:01 AM
    whothehecknos whothehecknos Aug 4, 2015 12:19 PM Flag

    No matter what the results, this was simply a pre-packaged short attack.

  • Reply to

    Why down?

    by shortofaname_99 Jul 23, 2015 9:03 AM
    whothehecknos whothehecknos Jul 23, 2015 11:53 AM Flag

    So how did these so-called geniuses of Wall Street miss so badly on SNDK?

  • whothehecknos whothehecknos Jul 16, 2015 1:47 PM Flag

    But the biotechs have smaller floats and are not so easily shorted. Shorts can go borrow INTC anytime anywhere.

  • whothehecknos whothehecknos Jul 16, 2015 1:35 PM Flag

    The tax rate was lower due to a one-time refund. However, they increased the tax rate guidance for the next two qtrs. ABOVE what they said earlier in the year. So lets be honest ..... oh wait - that's impossible.

    Shorts are desperately looking for a way out of their positions - so short more during the lunch hour to build a buffer while trying to cover later today and tomorrow.

48.21-1.28(-2.59%)Sep 4 3:59 PMEDT