Almost tilted and bought the close at 3.99. Held off. I bet it goes to 4.15 AH or small gap up tomorrow and then new leg down. Many I bet tried to catch falling knife and a daytrade turned into a "long and desperate position". I'm in that situation with a few stocks. I suck
Averaged down on this against my better judgement. Had no life in it at all--- sellers leaned on it all day. Tomorrow will be interesting- i agree it will probably gap up a bit tomorrow pre-market (trading at 4.09 afterhours). The question is do I get out for a small loss if that happens or do i ride it out? This is what makes trading fun.. Can't wait until tomorrow.
Another CEO who did poorly this week was Vincent Sollitto of Syntax Brillian (BRLC - Cramer's Take - Stockpickr). His company's stock lost 35% of its value this week. Cramer believes that was due to underdelivering in its last earnings report and blaming its Asian partners for its problems. Cramer also doesn't like how Sollitto said everything was great with Syntax when he appeared on "Mad Money."
Cramer is stuck in a mental world, wherein one month from now is the far distant future. Solito spoke on Cramer's show about Syntax-Brillan and everything he said he was true. A few days after that, Syntax announced it was raising money through a stock offering, which diluted the existing shares, and so the stock price went down by the amount of the dilution. This made Cramer mad, because the stock price went down after Cramer recommended it. All of this regardless of the fact that the stock offering was the best possible thing for the company, because they expanded their sales by that amount and more. So this vendetta against Solitto is contrary to Cramer's avowed principles, because Cramer does not "do his homework" otherwise he would know that every move of Solitto's has been to the benefit of the company. The recent fall in the stock price was directly contrary to the very good earnings and revenue report of the company.
BRLC is nothing more then one of those message board pump n dump stocks. You buy on the dips and sell when it gaps up 50 cents, dont hold for long. As a long term investment, ha...how can the Olevia brand compete with the likes of Sony. A no-brainer.
That has been explained in detail in the conference calls, as well as the various articles on Syntax-Brillan which you can find with a simple web search. Basically, it consists of - among many factors: - Lower costs than Sony - Advertising as Official TV of ESPN - Several Consumer Reports Best Buy ratings - Top rated by video enthusiast reviewers BTW, Tim, which short-selling hedge fund do you work for ?
I only wish I worked for that short-selling hedge fund because those guys seem to have been 100% correct on BRLC. I would rather listen to the guys who are right versus guys like you who were wrong.
Where was I wrong ? Where were the short-selling hedge funds right ? I never said "the stock price will be $x on September 14th" (or any other date). The business is doing very well, very good earnings and revenue. If Citigroup had reported the same quarter as BRLC - in terms of percentage growth of earnings and revenue - their stock would have been up 200-300% the next day. If a company's earnings are up, say 1200% from the previous quarter, that is still called a "miss" if the analyst consensus is that the earnings are going to be up 1250%. It doesn't make it a bad quarter, though. PS If you don't work for one of those funds, then you are working for nothing to make them millions of dollars. If so, I have some gardening I need done for free, too !
Well, the shareholders have voted and they have a different opinion on the issue. Today the price is now solidly under 4 dollars. How low will it go? Its hard to say at this point. This might be it for BRLC.