It was a tad over $12 five-years ago. The insiders dumped a bunch at that time, and that is, in part, what got them in trouble this year. Some of those dumped shares ended up in the hands of the spooky folks now running the hedgefund that has been terrorizing the evil board.
At $7 it is too high to buy and to low to short. All you can do with it is stay away from it.
The company has "stuff" that is worth a whole lot more than the share price. The hedge guys want to liquidate the "stuff" and the evil board just wants to protect its fat paychecks. The board is satisfied to feed at the trough, the hedge folks want their money back.
It is an ugly picture and it is not likely to end well. IMO
If one must dabble in worthless pieces of paper - other than trading cards - one might still think of shorting EBAY down to about the $16 - $18 range. (It has to be there pretty soon for Meg's plan to work out for herself and her gang.)
CAUTION: The folks that listened to my EBAY short chats in January have gotten rich. That could mean that the stock is near its natural-causes bottom; I will not be shorting it now. (Meg is now largely seen as a failed CEO. That means there are a lot of folks that may prop the share price just so she will be exposed as a nit-wit reagrding her "announced buyback" of last week.) The funds now hate her; her "buyback" nonsense was just a bluff/warning to those funds that they better not dump shares or she will buy them cheap. Some of the funds could have bailed in February, but the woman on the broom made promises that she likely knew her Ponzi scheme could not deliver on; they want her out, but they have not figured out how to do it. They will soon.
storm
Folks Who Bite Get Bitten. Folks Who Don't Bite Get Eaten.
Carew29
Posts: 4,026 ✭✭
Comments
PE of about 170 !!!
It was a tad over $12 five-years ago.
The insiders dumped a bunch at that
time, and that is, in part, what got
them in trouble this year. Some of those
dumped shares ended up in the hands
of the spooky folks now running the
hedgefund that has been terrorizing
the evil board.
At $7 it is too high to buy and to low
to short. All you can do with it is stay
away from it.
The company has "stuff" that is worth
a whole lot more than the share price.
The hedge guys want to liquidate the
"stuff" and the evil board just wants
to protect its fat paychecks. The board
is satisfied to feed at the trough, the
hedge folks want their money back.
It is an ugly picture and it is not likely
to end well. IMO
If one must dabble in worthless pieces of
paper - other than trading cards - one
might still think of shorting EBAY down to
about the $16 - $18 range. (It has to be
there pretty soon for Meg's plan to work
out for herself and her gang.)
CAUTION: The folks that listened to my
EBAY short chats in January have gotten
rich. That could mean that the stock is near
its natural-causes bottom; I will not be
shorting it now. (Meg is now largely seen
as a failed CEO. That means there are a
lot of folks that may prop the share price
just so she will be exposed as a nit-wit
reagrding her "announced buyback" of
last week.) The funds now hate her; her
"buyback" nonsense was just a bluff/warning
to those funds that they better not dump
shares or she will buy them cheap. Some of
the funds could have bailed in February,
but the woman on the broom made promises
that she likely knew her Ponzi scheme could
not deliver on; they want her out, but they
have not figured out how to do it. They will
soon.
storm