RE:RE:RE:RE:RE:RE:Buy backBudFoxx2020 wrote: Amen. Like I keep saying if you know you know. This comes from many years of experience. It's amazing how you and jdsd were bang on about the financials regarding the intangibles, yet people rather argue. The financials just proved it. Anyways like I keep saying I am not a fundamental and numbers guy. I study stocks and patterns and human nature. It works for me. Cheers have a great weekend all.
bandit69 wrote:
BudFoxx2020 wrote: I have seen this type of plays many times.
You and I both.
Yes, I understand what you're saying. I like to watch both fundamentals and psychology and market behavior. I don't own shares here but only here to do exactly that, watch behavior. I have seen the same market behavior on these boards for a long time but I am never at a loss for fascination at how things just keep repeating themselves over and over again while equities rob them blind over time. I would bet many here today weren't even around when the EBITDA scam started with the dotcom boom/bust. If something you were invested in wasn't "EBITDA'ing" then you were a loser even though none! of those companies made money. Some of us know how that turned out because we were there to see it in real time.
I wrote about CPG many many times and was called the same things on that board (where are those users now? ) as here but they kept having to dilute over and over again while the price kept dropping long before any oil crisis hit. Same thing, tell a story, market pushers like drug dealers pump pump pump, debt, dilution, believers and bagholders galore, not enough cash generation to sustain themselves yadda yadda yadda. Same old same old. I even predicted that the CEO at the time would ride off in to the sunset (spend more time with family, other endeavors blah blah blah) and that's exactly what happened. And that's just one example out of many! especially in oil and gas. Sooooo many scams and smoke and mirror shows. As long as the capital window was open the games could continue but when it closes you can see the emporer has no clothes immediately. None made money. Clearly those days are over and balance sheets, revenue statements, and cash flow statements look much healthier because banks forced it even though banks were enabling the behavior.
hmmmm, sounds familiar.