Originally posted by openedge1

Originally posted by Neverknow

 

Isn't that what Martha Stewart did that got her little diva ass jailed and reputation sunk? Insider trading, I believe it's called.

 

No. Martha sold off based on insider info before the announcements and the following day or two saw the stock plummet. She made money based on previous unreleased info.

Martha got sent to jail for lying to investigators. She was never convicted of insider trading. Which is why when the cops ask you questions you keep your mouth shut. Memorize the phrase "I have no recollection of the event in question."

Originally posted by Paragus1

I thought the Captain was supposed to go down with the ship?

Soldiers are those who live and die by honor.

Merchants and politicians flee...

Originally posted by zymurgeist

Originally posted by Neverknow

Originally posted by zymurgeist

Lol. People making predictions based on single day "trends"

 

 

 

Just wait 'til the numbers really drop Monday. The predictions will come even easier.

 

You do realize a quarter of the funcom shares traded today were by someone trying to relieve his tax burden?  The stock was already rebounding when the Oslo exchange closed.

Oh and check the Oslo Bors indices

 

 

This is completely wrong.  The shares ended the day at their daily low.  If you look at fridays chart, you will see 16.30 is the low point of the day.   You will also see the 'bid' price is actually lower than 16.30, which means at the end of the day there were sellers who couldn't find buyers.

Expect Monday to be a huge drop.   People have had an entire weekend to research the forums, see how bad their investment is doing and realize that even with 800k box sales, Funcom still lost 6M dollars.  This company has no hope of being profitable for at least a year (if they manage to release an xbox version).  The company does not have enough cash on hand to support operations until that point.  The company is in debt, losing money every day and is unlikely to be able to maintain a development team for AoC or any of their other titles.   

It takes about 10 mins of looking at their cashflow to understand this company is heading for bankruptcy very soon.  Way too much debt, negative cash flow and no near-term revenue increase potentional.   Everything about AoC for the 3Q is going to be worse than the 2Q  (subscriber attrition, less box sales and Warhammer).  There is nothing that happened from July 1st until August 15th that leads anyone to believe there is a great turning point in the 3Q.   There have been no patches that did anything significant to the game.

OMG NOOOOOOOOZZZZZZZ it is the doom of all DOOMS!!!!!

Lets speculate some more about things we have no clue about and then pretend we actually know everything about the internal workings of FC.

It is a publicly traded company.  The 2Q financial statement tells you all you need to know

1.  No mention of any near term projects being completed
2.  A ton of debt
3.  Not enough cash on hand to pay for the next 2 months operating expenses
4. Losing money every day
5.  Box sales have evaporated ( currently below #50 in pc gaming sales)
6.  Stock price drops 20% in one day, is now down to a 3 year low
7. Third straight week without a patch (ie no dev team)
8.  Warhammer, a direct competitor for pvp mmorpg players, is set to release in a month

Everything I listed is a fact.  Now, you show me a single fact that indicates that Funcom will be profitable in the 3Q or the 4Q.   investors tolerated Funcom being unprofitable because they were betting on the fact that AoC would make money.    It is not making money, they lost 6M in the 2Q and that was with 800K box sales.   The third quarter will be substantially worse than the second quarter... and the fourth quarter will be much worse than the third quarter (because of Warhammer and WotLK).

Originally posted by Opticaleye

OMG NOOOOOOOOZZZZZZZ it is the doom of all DOOMS!!!!!

Lets speculate some more about things we have no clue about and then pretend we actually know everything about the internal workings of FC.

Who needs to know everything about Funcoms internal workings? A general knowledge of business practices and all of the public information available to date is more than enough to know Funcom is in the shitter.

Originally posted by Azrile

 

This is completely wrong.  The shares ended the day at their daily low.  If you look at fridays chart, you will see 16.30 is the low point of the day.   You will also see the 'bid' price is actually lower than 16.30, which means at the end of the day there were sellers who couldn't find buyers.

The low for Friday was 15.60 at approxamately 3:00 CEST which is the current 52 week low. Would you like to turn in your crystal ball now? It seems to be malfunctioning.

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Originally posted by Neverknow

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Originally posted by zymurgeist

Lol. People making predictions based on single day "trends"
 
 

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Just wait 'til the numbers really drop Monday. The predictions will come even easier.

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Waiting, Waiting, Waiting.......

Not gonna happen. It's wobbling around trading under low volume and after a morning dip it's back where it ended Friday. It'll probably finish the day higher than it closed Friday.

Originally posted by zymurgeist

 

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Originally posted by Neverknow

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Originally posted by zymurgeist

 

Lol. People making predictions based on single day "trends"
 
 

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Just wait 'til the numbers really drop Monday. The predictions will come even easier.

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Waiting, Waiting, Waiting.......

Not gonna happen. It's wobbling around trading under low volume and after a morning dip it's back where it ended Friday. It'll probably finish the day higher than it closed Friday.

Are you kidding me?  The stock dipped down to 13.60 this morning.   That was basically a 25% drop in the first 2 hours of trading... on top of the big drop on Friday.     Let's not forget, this is a stock that was trading above 55 just 3 months ago.  From the low of 13.60, the stock will probably climb to 18 or 20 this week (dead cat bounce) and then drift down below 10 by the end of September.

Volume is really high again also,  it looks like someone dumped 375k shares at the open.  I wonder if it was the CEO again or a different insider.  There aren't that many shares outstanding, so it has to be someone within Funcom that sold.

Ask not for whom the (closing) bell tolls, Funcom....

Originally posted by Azrile

Originally posted by zymurgeist

 

 

 
Waiting, Waiting, Waiting.......

Not gonna happen. It's wobbling around trading under low volume and after a morning dip it's back where it ended Friday. It'll probably finish the day higher than it closed Friday.

Are you kidding me?  The stock dipped down to 13.60 this morning.   That was basically a 25% drop in the first 2 hours of trading... on top of the big drop on Friday.     Let's not forget, this is a stock that was trading above 55 just 3 months ago.  From the low of 13.60, the stock will probably climb to 18 or 20 this week (dead cat bounce) and then drift down below 10 by the end of September.

Volume is really high again also,  it looks like someone dumped 375k shares at the open.  I wonder if it was the CEO again or a different insider.  There aren't that many shares outstanding, so it has to be someone within Funcom that sold.

 

All the high volume moves in the second half were up. It will settle somewhere around 20 which is where the stock should be and where it would have been if a bunch of noobs hadn't run the price up before launch. That trading above 55 was a speculative spike that had nothing to do with the health of the company. The drop was a correction.  The next move that will mean anything is after the third quarter reports.