There is a good summary for SLP at the Taglich Brothers web site.
When do you expect to make your article available ? Thanks.
Walt hasn't sold any stock for about 5 years... Why shouldn't he sell some shares? I mean this guy has put his entire life into growing this company from a market cap of about $4 Million to well north of $150 Million. I consider myself very fortunate that I have been able to go along for the ride while he does all the work ! SLP has been my most profitable investment of all time. Thank you Walt !
As far as the timing of the transactions... The sale of 32,076 on 1-21-16 was associated with a stock price close of 43 cents below the previous day. The sale of 58,181 on 1-29-16 was associated with a stock price close that was 40 cents ABOVE the previous day close. In other words his stock transactions had practicably zero effect on the price of he stock. Anyone that thinks that the CEO is responsible for the wild stock swings needs instead to be asking the speculators that are causing it... Not the CEO that is doing all the work.
BTW... The insiders are prohibited by SEC regulations to "trade" their own stock... They can buy or sell within a 6 month period but not both... so don't be expecting to see him buying any shares in the near term
I think you are implying more experience in this type of transaction than you likely have- I never heard of a seller unloading all the shares in a 2 day span-usually they feed them in in a measured way, and it is particularly an issue with such a small trading volume- ANY ACTIVITY THAT DRIVES A STOCK DOWN 18% IN A DAY IS A BIG F__ING DEAL- MAYBE YOU DON'T HAVE MUCH OF A POSITION HERE- I DO.
Come on, consider the reality of the sale. Officers who own shares are very restricted in how they can sell shares. So what is normally done is that a programmed sale is set up through an independent organization. The officer expresses to the organization that nnn number of shares are to be sold in a certain quarter. The organization picks the date. The officer would be violating SEC laws if he/she interfered in a designated sale. So stop making a big thing about an insider making what is a relatively miniscule sale.
bjr- you are wrong on that- a 1/2 a million in stock coming out of a small cap CAN cause a huge drop- it triggers all kinds of #$%^&. And as this being to cover taxes, 1/2 a mill is alot of taxes-
Dude - the stock dropped $3 intraday at one point. That's not caused by a CEO selling a bit of stock. I follow many many micro and small cap stocks and this stuff just happens sometimes due to margin calls or algos gone haywire or whatever.
Smart. It was so shocking with fall and volume that I always think of unannounced
internal issues such as lost accounts, reporting issues, etc. Assuming SLP's fundamentals are still the same, then the company must be a great buy at these levels.
I actually sold a few shares last week... First time in almost 15 years ! I had an order to buy some today but it never hit. I waited too late in the day and it never came back down.
It has not took a years worth of growth off the stock price. If you bought a year ago, you'd still be up ~30-40%.
Just bad time for the market, this too shall pass.
My point is, he has done alot of work to build this company and grow its value- this current drop took a year of growth in the stock price off-
Bjr- there are very many positives & cannot think of any negatives. Best in class simulation products & always improving - not standing still on past laurels. Existing market only 10% penetrated. New potential growth areas including medical resonance imaging, defense applications. Also not to be forgotten are the results of their studies re malaria & cox inhibitors patent rights potential. Most importantly is the excellent management team. Hope this helps.
I think an institution (s) unloaded a big block and this has triggered a lot of stops getting taken out. I'm not in a hurry to be putting new money to work in this market but SLP, at this level, is very tempting. We have basically given back what we got on the earnings beat and obviously next Q's earnings could easily drive it back up.
This company is very similar to another one of my stocks, GIG. Nice little company with good revenue growth, solid financial footing, strong insider ownership, investing in R&D, lightly owned by wall st and at the cutting edge of what they do. Patience is required in these types of companies and volatility goes with the territory.
If you have the stomach and can buy, you usually make money with companies growing their revenues over
Today's drop has nothing to do with the company. This just happens sometimes in small caps when the market is down big, especially if the prior weeks had been brutal too. Something like a margin call does it; forced selling. It'll likely recover part of what was lost by the end of the day and hang out in the $9's for a bit.
Do SLP bulls have any questions they want answered in the article?
Would hope to chat here a bit on this board before I begin writing.
This is exactly why I sold half of my position the other day in the 11's.
Stock up 100% in less than a year, bad market, it was due for a pullback.
Insider sales would not cause that drop- not on their own anyway.
Wouldn't be surprised if this dropped below 8 before rebounding to it's current level (High 8 to low 9).
Holding long, will rebuy if it touches 7.50.