I got no idea. I have felt for a little while that this stock is easy to manipulate - heck every time I bought I moved the stock pretty significantly. Recently, given the price drop, you can account for all of the volume in the stock for a couple hundred thousand bucks a day. Pretty easy to move wherever you want.
And I watched as the stock was invaded with all of the ridiculous pumpers and their obviously fake stories last fall (iphone, samsung, imminent buyout, biotech partner, airline partner, activist investor who is going to put the company up for sale by himself, etc,) - so clearly it has happened before.
And clearly the stock price is absurdly low at the moment by almost any criteria, unless you think they are going out of business. And certainly Cisco doesn't think that.
So I can speculate that someone is playing it to the downside and either protecting or preparing to play it to the upside. But my opinion in this regard is as uniformed as the idiots saying there are other lawsuits that we just haven't heard about yet, or who think Hart is purposefully dropping the stock price to take the company private himself.
Interesting comment Tom, I'm just looking at other players in the market, and Identiv does not seem to be a big player in Cyber Security, Credit Security, nor Identity Management. They seem to have a decent hold on building security when you google RFP, RFQ on Google. But much bigger players out there. Not a bad price for the stock right now, but the Lawsuit thing makes this one a scary one. I bit at mid 5s and am hoping to get out at 6.
It's hard to read an article like that and not envision Identiv as part of Cisco in a couple of years. Remember that article was not written as a puff piece, it was written from the perspective of what Cisco is telling wall street analysts themselves. Sometimes I think that there is already a wink-wink-nod-nod between Identiv and Cisco about the future.
Thanks, good article, it almost seems to point to INVE especially in the last paragraph. And with the referral to companies that can provide an "architectural approach". Small deals acquisitions is also mentioned. I like it, I just hope that Hart is not dumb enough to screw this up, my gut feeling is that he is smarter than others here are giving him credit for.
Nothing to do with options, but if you follow INVE twitter feed at all, look at the tweets/replies by @perosconi. I have been following for awhile, and I think he/she bought in with matusow litanny, then felt burned and took a short position (held long also) with bashing. The story changed today for some reason, "information" he says. I am going to stick with my plan, but I find it interesting. Maybe we finally get some news, hope it's good for all of us who have been hanging in. Cant' really pin too much on it though. As far as the options activity, I find that encouraging.
Today I saw the call volume for Jan 7.50 calls also spike...On the one hand I feel it is good that the stock has accumulated such a high short interest...and based on the volume that has transpired since the cisco deal short volume is at least 20-30% of the float which indicates that the amount of liquidation from institutions and others have been minimal at best...and the average volume during the past 4 months has also been pretty average to low...I would say roughly around 120k to start off and then tapered off to 60-80k...so definitely the price has been brought down by opportunistic shorting when buying pressure has been absent while accumulating on call options...i really do hope we find the bottom somewhere in this range and start going up...its about time..
Sentiment: Strong Buy
I glanced at something similar yesterday, but can't remember where. If you could give me the article title or where it is, I would be interested in reading. I will try to google Thanks Q.
I keep trying to respond to a post of yours in another thread about Cisco's plans as they relate to Identiv. The problem may be that I am trying to describe to you how to access the article that I am referring to. Let me simplify this and just tell you that the article appeared on July 14, and it describes what Cisco has been telling Wall Street analysts. The upshot is that they are not getting out of the access management business and quite to the contrary they will be looking to bolster their weakness in many areas and will be going on an acquisition binge over the next couple of years so they can be in a position to offer a consolidated security solution to their customers.
Definitely not fluff.
These guys have had 2 years to figure it out. Time to kick them to the curb or sell the company. Either way we have poor leadership that can't be trusted. The stock at $4.00 is sickening and clients like Cisco and Disney are probably wondering if we are going broke again. Will Jason decide to reverse split the stock again so he can look better at his Country Club with the riff raft?
That's because I told you I was not serious. That post by me was an exercise to show how easy it is to connect the dots of what real information exists here - not much. Most people on this board (and elsewhere) are taking what little real information there is and filling in the vacuum with all kinds of doomsday scenarios that are nothing but pure speculation. I was just point out that you can also connect the same dots in a different way and believe something completely different.
There is just too much purposeful BS around this stock right now. The only ones who can fix that situation is the company - create enough interest in the stock that the little people playing with this now are insignificant to the stock price.
How can we have a market cap of less than $50M when Jason said we are worth $400M? Also you never told us Tomie who was interested in buying the company back in the day?
I considered that they might want an exit, because of the language liscensing their platform to INVE, but CSCO will still be handling the servicing, so it's not likely. I think that they are transferring to the better tech that INVE has in their platform. Win/ win. Combining all securiy elements into one platform only makes sense for big companies with lots of premises, and employees.
It is hard to interpret this deal as fluff, unless you think Cisco wanted to get out of the physical access business. Based on every article I have read, and statements and presentations from Cisco this is not the case. Quite to the contrary, physical access is one of the components of security that they are harping on a lot. And they are turning it all over to Identiv. And Identiv currently has a market cap of less than 50 million?
If you go to the Identiv website, and read the FAQ specifics on the CSCO partnership, along with the CSCO blog, it does not seem like fluff to me. It may take awhile for deal to translate into earnings, but the whole premise security, video surveillance market is getting much hotter. So is IOE. It may be that management wanted a chance to prove itself and avoided a buyout by CSCO for now, so it negotiated this deal. Since they don't take communications very seriously, we will surely never know if that is true. I really think they are still trying to get this company turned around as planned, these things don't happen overnight.