In nearly every case, our companies' most valuable assets can't be found on any financial statement at all. Intangible assets such as brand names and patents are what give our Rule Makers their mindshare. These intangibles help to build what Warren Buffett calls a "moat" around their businesses.
....expenditures in research and development (R&D) and advertising are what create the critical assets of these businesses.
......Of our technology companies, Yahoo! (Nasdaq: YHOO) has a focus similar to that of Coke, Gap, and American Express. Product development only represents a small part of Yahoo!'s budget. It has, however, invested much more heavily in advertising and promoting the Yahoo! brand. This investment has helped to make Yahoo! the leading Web portal and one of the most frequently visited sites on the Internet.
BFLY was down 19% today. It was the 8th largest drop on the Nasdeq. Of the 10 stocks on the Largest loser list for today, BFLY had the second highest volume. Missed Number One by just a few thousand shares.
The stock was Pumped and Dumped. LONG Position Pumpers were selling and to add insult to injury, it was heavly shorted as well.
Short term this could come down to who has more cash in their margin accounts, the shorts or the Longs. As of today, the Short Sellers can Short the stock even more, using their gains from today or dig in their pockets for more $$$ or hold pat and let the margin grow.
On the other hand, those who were LONG and are down a lot, will have to average down ( BUY MORE SHARES ), Sell and take the loss, hold out and wait for a Margin Call.
In Short, no pun intended, Margin calls are a nasty thing. This stock is going lower..... If you are Long term, no big deal. If you are Short to Mid term, ouch.
I have been in this seat before, everyone has. It's not a fun seat to sit on. Glad I saw the Pump and went short for the Dump.
No offence meant to anyone, just stating the facts and my expressing my opinion.
Joe: You have to admit, Tony has a way with words.. : ) Could be worse, you could get flamed by Tmex and not even understand what strange thoughts he is tryiing to express. ( That was an attempt at humor, not a dig )
You should see what Tony said to me a few weeks ago..... Got my attention! I like creative flames MUCH better then incoherent ones.
Some say my spelling at times makes me incoherent. lol
What's with these " FLY " stocks. IFLY, BFLY, they jump UP big and CRASH DOWN Hard. I think I will run a " ?FLY "scan. : >
Instock, I'm not sure I follow you on this fellow having a way with words. Looks like he creeps onto boards to spout nonsense and then goes back to his self-centered SI thread. As far as the short term outlook, its anyone's guess on the price direction. BFLY definitely goes down hard after it goes up, but one day that may change. Day trading short sellers think that they own this stock, and waking up to a stock bidding up several points ticks them off. When this company builds enough mind share, it could become a short killer like Amazon and Yahoo. I can't wait for that day...in the meantime, I'll just sit back and watch the inanity.