885 days ago
Before calling his lawyer, the pompous and bombastic arse should remember how, in the early stages of Avanti Communications (AVN), he boasted of fabricating a product demo. Worse was to come, as Williams made tens of millions from dumping shares he ramped ruthlessly, while investors lost everything. Now, he has a new scam: Arqit Quantum (US: ARQQ), listed on Nasdaq. We first covered Arqit, HERE. Its shares were $37.41 on December 3, 2021; now, they are just $5.65. Bring on the lawyers.
1114 days ago
No doubt this will be celebrated by many a moron as well as many a fraudster. Gabriel’s latest dossier is on Cassava (SAVA) on Nasdaq. It is compelling yet he has today been flamed by the Reddit crowd and Cassava shares are roofing it. What does this all mean? Purplebricks (PURP) shows why bears are forces for good. I discuss it. Then Acceler8 (AC8), Parsley Box (MEAL) and Metro Bank (MTRO).
2236 days ago
Looking for a safe haven in the stockmarket storm? How about gold? On the day the Nasdaq tanked 5% the yellow metal started to rally and Adam Turkeman of Palisade Capital put the bull case for a much bigger rally below.
2531 days ago
This is a total car crash video interview with Longfin's CEO and CNBC. I discussed the insanity of Nasdaq star Longfin in bearcast yesterday but the CEO seems to agree with me about the valuation. Meanwhile as he discusses related party deals and other matters he is quite simply taken apart. But I admire his honesty. This chap surely shows the way for OnLine (ONL) boss Clem Chambers. Enjoy...
3925 days ago
For years, the cheers emanating from Manchester United’s tribal heartlands of Surry and the New Forrest have been deafening. The Red Devils won everything and the rest of us had to suffer the delight of a legion of fair-weather supporters. The boot is now on the other foot.
A few years ago an away leg at Greek Champions Olympiacos would have been a stroll in the park. But tonight United played as badly in Europe as they have at home and have been kebabbed 2-0. As a Hellenophile I take a double delight in this result. Mighty Hellas has put the men of Moyes to the sword.
No European football next year will put a real strain on the finances of Manchester United Inc, the NASDAQ listed company. And that could prove really entertaining as the budget to replace some of its ageing team is curbed. Oh happy days.
On twitter it is being suggested that United should sack manager David Moyes and replace him with newly unemployed Piers Morgan…he couldn’t do any worse could he?
4484 days ago
You bought Facebook (FB) stock during its May initial public offering at $38? Too bad. It closed at $20.38 Tuesday, its second-lowest close ever and a 46 percent drop in 12 weeks.
But far worse is yet to come. This stock is worth no more than $7.30 a share and the really big sell-off could start as soon as this Thursday.
4503 days ago
I wrote here on June 5th that my target stock price for Nasdaq darling (and overhyped IPO of the year) Facebook (FB) was $7.30 a share. Results yesterday saw the share price slide again and they are now $26.84 down from a $38 IPO just a couple of months ago. At the time ex-penny share tipster Luke Heron set a $50 target price. That was a good a sell signal as you would normally get. But on this occasion the fundamentals were an even bigger sell. If anything yesterday’s results make me think my target price may be a tad optimistic. This remains a great one way bet.
The headline loss of $157 million is irrelevant.
