And your points are well made if you're short and the glass is half empty. That's the way our brain's work. We discount data that contradicts our beliefs and we seek out data that supports our beliefs.
The point of the football metaphor was that you don't seem to just discount the potential you completely ignore it when you say "the new coach is still running the short term plays and producing nothing with the same management players who failed to score sales".
The short term plays the new coach is running are designed to survive (sticking with the football theme- top priority to protect the Q-back). I would say the same management players are like a solid core of the team such as defense or an effective offensive line, important components but not a part of the team likely to put points on the sales scoreboard.
Come one Dagiw- admit it a Q-back with the potential to improve the quality of PVC and add the benefit of biodegradability has the potential to light up the scoreboard.
Just for a change of pace I thought I would annoy some people with another sports metaphor inspired by the recent string of posts with all those "backward looking statements".
Imagine a losing football team who not only changed coaches but got a new offensive coordinator AND a new quarterback ( just in case my example is too abstract the Q-back represents the new additive products that improve quality). The current situation would be like the frustrated fans (longs) and sports writers (posting shorts) constantly reliving all the painful loses in the past and completely ignoring the potential for improvement.
It's ironic when some "realists" seem to perceive Normey as being idealistic. He seems to be the only guy tuned into the reality of the companies current initiatives. He recognizes that MBLX is not a lock on the next Super Bowl but he is closer to the truth then others who paint the picture of inevitable failure.
He is correct that there are real pieces in place for a true turn around.
Yeah - Maybe no news IS bad news at least for the short term stock price.
Mr. Shaulson told us up front that one of the reasons he took this challenge was because MBLX is a company in transition so it shouldn't be surprising that it'll take some time to turn it around.The private placement of 25 million of company securities was only the first small but important step.
MBLX is like that sports team that seems to be getting beaten in the game but keeps hanging around surviving and keeping it close and suddenly finds a way to win.
There are real reasons to still believe in this team which I'm not going to reiterate here.
It will take patience to invest in this one and stay sober when we have a pop on no real news. I think this train's on track but it's still a ways to go. Hopefully the destination will
make the trip all worthwhile.
Good point. I happened to be watching at the close and the ask of .9686 was available at 3:59 when all of a sudden there was a transaction for 1.01 right at 4 and then 95,901 shares traded at 4:01 PM at 1.03.
Since there was an AH ask of .97 sitting out there at 4:02 PM ,I would agree that .97 is a more realistic conclusion for today but hey I think most longs will take +14%.
I recall Mr. Shaulson saying in the last CC that no news does not mean bad news. God knows this company is long overdue for some really good news.
Some recent social environmental trends have been positive so let's hope that the trend is our friend.
Scott - Your advice "Key to good investing, don't play Lotto with your life savings" is what NOT to do. Could you give us some insight on what we should actually DO to achieve "good investing"? What factors should we consider and could you give us poor gamblers some companies to consider and why?
You do realize the odds of winning the Lotto is around 175 million to one. Is that the odds you give MBLX of succeeding?
As an FYI some longs, such as Jennyjump actually went on record as being willing to gamble in early Aug. when the price was .37-.45 so excuse us when we don't thank you for your gamblers anonymous warnings.
Leogcarrolastopper- Investing in MBLX can be a lot of things at different times. It' can often be confusing, perplexing, distressing sometimes exciting, satisfying but NEVER easy!!!
Congrats on some good timing!!
What does your time machine say about the time frame starting tomorrow up until we hear some concrete news on a production facility???
All opinions are welcomed.
Pelosi- I've got to ask. Did you roll the dice?
I hope you bought in around the .40 mark because you absolutely nailed the bottom on this post. (I hope)
Seriously - Great call.
I think if you asked most employees what their company's mission statement was they would not really know. Of course the next question would be "do they really have one?"
This is conjecture but based on MBLX's impressive scientific achievements and recent comments by Mr. Shaulson my bet is that MBLX truly has a Mission Statement which most of their employees find inspiring..
That statement is "At Metabolix, we are driven by a vision for a better world—one where the products used in everyday life are produced sustainably from renewable sources. Our technology platform is enabling us to bring sustainable solutions to the world of plastics, chemicals and energy. With our passion for science and commitment to sustainable initiatives, Metabolix is a place where you can make a difference in the world"
It's tempting to be seduced by Dagiw's numbers or Pelosi's skepticism which in fairness is based on real past events and I wish we could somehow put a number on the energy quotient of the employees morale and their commitment to the companies mission. I feel that that commitment combined with the experience and leadership of Mr. Shaulson is a very real reason to still believe that this company will finally turn the corner and succeed.
Dagiw once acknowledged the proven scientific solutions being explored by MBLX but then quickly added "but they're not for the real world". It continues to amaze me that otherwise intelligent people can't see the problem with products made to last forever but designed to throw away.
I respect Dagiw and Pelosi's advice to do your research. My suggestion for this Labor Day is to read about the "North Pacific Gyre". I would also recommend the latest Blog on MBLX website. Happy Labor Day all
SACRAMENTO Calif. (Reuters) - The California state legislature enacted a ban on plastic grocery bags on Friday near the end of its two-year session, a measure that if signed into law would become the first of its kind in America.
A number of cities and counties in California and other U.S. states, including Hawaii's Maui County, have made it illegal for grocery stores to pack purchases in plastic. But at the state level, opposition from plastic bag makers has usually prevailed.
The California Senate voted 22-15 for the bill, which must be signed into law by Sept. 30 by Democratic Governor Jerry Brown, who has not signaled a position on the measure.
"Single-use plastic bags not only litter our beaches, but also our mountains, our deserts, and our rivers, streams and lakes," said state Senator Alex Padilla, who sponsored the bill
Correction- That should read 15K bid shares at .69 not .71. Sorry the heat must got to me.
Hey Reddy- E-Trade shows a bid for 15K shares at .71 and only a couple thousand total amount of small share bids until you get to a bid .67 for 13K shares.
On the Ask side we have over 15K shares at .71 and then a couple of thousand total shares until you get to a couple of sizable (8K & 4K) asks for .75. Not Bad.
It would be interesting to see what effect news on a production facility would have. This is clearly not "OVAH!!!"
I think some information probably triggered this. There was no interest in this stock at the opening with zero shares traded for the first 23 minutes. Then in a span of 12 minutes from 9:57AM to 10:09AM there were over 111,000 shares purchased (monthly average had only been 71,400). The average purchase in those 12 minutes was over 11,000 shares per transaction.
Of course I have no idea of the quality of the information but my guess is one of those stock advisor gurus recommended it to their high paying subscribers so the information wasn't public.
Any of you new investors that bought in today care to share what motivated you to suddenly buy in?
The insider with the most shares (3/4 of a million MBLX shares) is Matthew Strobeck. Please note that he is also on the insider roster for Accelerate Diagnostics Inc (AXDX). The stock price of AXDX was less then a buck a few years ago and was just above $1.00 ($1.05) as recently as March 2012. You can see that it closed close to $20.00 a share on Friday. Dumb luck????
Once Brazil fell behind by 2 goals they were no longer competitive. If you must compare MBLX to a soccer team I would suggest US vs Belgium. When US fell behind 2 goals in overtime their energy and spirit didn't die.
Of course like MBLX it looked like game over down by 2 late in OT. US then scored and almost tied it up with several near misses.
My point is none of us knows what's happening in the Board room but if they say they're still focused on financing then you have to believe they're still trying.
Portraying the entire Management team as incompetent or deliberately deceptive isn't a compelling position.
I agree, We just went into overtime - no "game over". Remember Yogi Berra's famous words, "it ain't over till it's over".
They have to be close to SOMETHING. I doubt they'd be saying they remain focused at this stage of the game if all they were looking at were empty bags.
There are bids at .80 and above for 23,300 shares while there are only 700 shares available with an ask under $1.00. I would say the low volume is due to lack of sellers not the opposite.
Hey the market is not going to tolerate no news for too long and you may prove to be correct but right now sellers are not bailing and there are interested buyers albeit at a price between .80 and above.