3 months and an abysmal, unmistakeable nosedive. no insider buying at all. stock looks awful. maybe too late too Short CBLI but not sure.
except (fact) the HK Jan 2015 $7 calls are fetching about 30 cents, which is nothing. you're suggesting people tie up there HK shares for over a year and collect just 30 cents per share. one could get much, much more if HK runs anywhere near $5. I'm Long HK below (cost) $4 and thoroughly unhappy with management. I've followed Floyd Wilson since his work with Petrohawk and this is a very different animal.
it should put somewhat of a floor underneath the stock. but silver needs to stabilize near $18 and not break much lower. wading into PAAS now at $10 and think it's a great long term play.
an easy Short up over $17. Zales is saddled with huge debt, their stores see little traffic and the ZLV valuation is absurd. #$%$ retailer through and through. the chart and balance sheet tell the tale.
also with Fidelity and think an equity does not register below .0005 meaning the common stock is nearly worthless. but if u click on LATF you'll see the actual daily price, range and volume.
hope is NOT an investment strategy. there needs to be some tangible reasons for CBLI investors to hang on and/or real support from the company or large outside players.
either a huge bargain or falling into a fatal nose dive.......where are the insiders and other buyers? seems like a pivotal time for CBLI. volume is terrible - no demand for shares. what do others think here about their survival and profitability?
also and more importantly why is CBLI management doing seemingly nothing to defend its plummeting share price? near $1.80 to $1.45 (intraday Low) in just two months. where are the insiders stepping in to buy shares at these levels? if there's none by year end, that bodes poorly for this company. Long CBLI this morning at $1.39 on a flyer.
at $1.40 - damn - wondering if they're about to announce a dilutive stock offering or other #$%$ news....