| Latest Forum Topics / SATS Last:3.94 -- |
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Sats
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TikTalk
Supreme |
01-Oct-2022 13:25
Yells: "Anyone miss me?" |
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Sats Can go below 2.79 due to a deep recession same as many stocks that could also. This WFS is good for long term investor, speculators should not be involved too much atm.
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investshare
Supreme |
01-Oct-2022 12:13
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Imagine when the p&l and BS consolidated?
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ckmpd1
Supreme |
01-Oct-2022 11:11
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As in 2020 with SCM, it is the same in 2022 with SATs. Some may think subscribing SATs is a good move. They may well be right. We only know in the future. But SATs shares dfropped 20+% in a week To each his own
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ckmpd1
Supreme |
01-Oct-2022 11:03
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To you comparing SCM to SATs doesnt make sense because you have the benefit of hindsight. When SCM RI was issued in 2020, TERP was 75c and many thought SCM was a good counter to subscribe. Who wld have thought SCM wld go below TERP in 2020. Wld anyone dare say now that SATs wont go below $2.79 in 2023?
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ckmpd1
Supreme |
01-Oct-2022 10:59
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Cant you see that TERP is not a good predictor of future price? Of course to each his own. How SATs will perform in future depends on many still very uncertain factors, like interest rates, wars, global recession, etc. The script says WFS is a good acquisition, dont swallow line, line and sinker and just mouth. If it is so good, why did SATs drop from $4.10 to $3 in a week? If you choose to buy at $3, it is your money. That is why I said DYODD. If you want to post on a public forum like SJ, expect to hear alternative views.
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ckmpd1
Supreme |
01-Oct-2022 10:43
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Agree. Looks like it
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john_ric
Supreme |
01-Oct-2022 10:41
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Wall street all plunged friday. Look like monday will be a black day. Sats. Below 3. Again. | ||||
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ckmpd1
Supreme |
01-Oct-2022 10:30
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My point is rights subscription or TERP are not good predictors of SATs future price
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ckmpd1
Supreme |
01-Oct-2022 10:27
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DYODD. No need to believe anyone here. It is your money. Buy or sell at your own risk. When SCM was 80c in 2020, and there was a rights issue, TERP was 75c. SCM is now 10.6c
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ckmpd1
Supreme |
01-Oct-2022 10:03
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Yes. SATs got in principle agreement for all unsubscribed rights to be taken up. But there is a good possibility that SATs will drop below $2,79 after rights subscription.
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ckmpd1
Supreme |
01-Oct-2022 09:30
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Good question and good points. That is why many of us feel $3 is not a good price to buy. Got space for SATs to go lower, closer to $2.79.
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ysh2006
Supreme |
01-Oct-2022 09:26
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Right issue $2.79 why buy now ? How many company issue right the shares price can have approx 10% premium after XE ? all drop toward right issue price. | ||||
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Adrianinsing
Elite |
30-Sep-2022 22:05
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What this close was unlikely to be short covering
1. When you buy shares of stock (take a long position), your downside is limited to 100% of the money you invested. But when you short a stock, its price can keep rising. In theory, that means there's no upper limit to the amount you'd have to pay to replace the borrowed shares. As such, the covering of a share like SATS from a short position is not likely to be completed in a full manner when there is only 5 minutes max to cover millions of shares as this is a risk that almost all professional shorts ( 11 million short coverage is rarely by amateurs ) will never take as it could mean that such a large position to cover could result in final coverage settlement being ridiculously high ( in SATS case it could easily have been a risk of such a large short coverage being around $3.41 2. Rather this SATS close was buyer not wanting to push the close price up too much ( as he wants to collect more around this price next week ) while matching a quantity ( approx 11 million ) at a mutually agreed price 3. If you look at the statistics for the day the shorts are still outstanding including those from yesterday
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Adrianinsing
Elite |
30-Sep-2022 21:53
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Reasons why it is not a dead cat bounce
1. Post market rallies are almost never termed dead cat bounces 2. Dead cat bounces are almost always when there is a minor bit sustained rally over time and not all in one transaction 3. Dead cat bounces usually draw many inside whilst a post market settlement period is a matching of buyer and seller quantities As the below quote exemplifies, a dead cat bounce even over a small buy sustained rally period may look like a dead cat bounce may not be ? the biggest challenge of trying to identify a dead cat bounce is that it cannot be reliably done until it has already occurred. As an example, after the S&P 500 (SNPINDEX:^GSPC) declined sharply in March 2020 due to the pandemic and then started to reverse course, many analysts initially considered the rally to be a dead cat bounce. With the value of the S&P 500 increasing dramatically since that time, it's clear -- in hindsight -- that those analysts were wrong.
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Adrianinsing
Elite |
30-Sep-2022 21:43
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This will help you to understand what support at $3 means The share can drop as it did to $2.94 but can subsequently recover to $3 or slightly higher and it would still be considered a $3 support - largely as in this case as it was at that elect where it closed and where most of the volume was done. Maybe this quote below will help further ? After a stock falls below the support level, this price becomes the resistance level. A stock usually finds it difficult to cross this price level once it has fallen decisively below it. It's not as if this ceiling cannot be breached.
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Adrianinsing
Elite |
30-Sep-2022 19:13
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Good try
Looks like a dead cat bounce - but it was not - the market will play out and SATS will eventually reach the right level - unless the millions being bought are by very stupid people? What we do know is that the most of the sellers are mainly cutting losses at this price - but what about the buyers ? I agree that it looked like short covering and even liked like a dead cat ?. but it is not Lol 😂 In time all will be revealed 😊 |
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y2jchris
Veteran |
30-Sep-2022 18:39
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dead cat?
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Adrianinsing
Elite |
30-Sep-2022 17:33
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The flaw in your analysis is that the close was not short covering
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watashievil
Master |
30-Sep-2022 17:20
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really heng sia close naked short earlier never wait for matching. phew. cold sweat. the invisible hand appear liao. cannot play play. thou still feel this project abit out of SATS league to shallow. |
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ckmpd1
Supreme |
30-Sep-2022 17:19
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