Guess that people are not buying Kemet's junk. Just no takers for their product.
Sentiment: Strong Sell
Just like he tale "The Emperor's New Clothes" the goof is fooling you to buy,buy,buy when u should be selling,selling,selling
I see several Kemet insiders buying blocks of stock, some as large as 10,000 shares. They started buying around July 30th, 2015 (last week) and have been buying more than I have ever seen in at least 5 years. I hope what ever they are hearing is good for us Longs here soon! Go look for yourself. It is showing up on the Nasdaq website.
Felt like some more insider buying this afternoon. About 100k shares were purchase around 2.10 in a short period of time. Wouldn't surprise me if CEO and CFO were buying today.
Much of the volume you see nowadays is fake volume generated by hedge funds/institutions. First of all Kemet got dropped by the index. Then it looks like Blackrock sold out a sizable position. So the hedge funds sold in front of it being dropped by the index and then covered upon Blackrock selling.
In the first half of July the shorts covered by 1.5M shares. I can't understand how that could happen with the stock price dropping like rock at the same time considering average daily volume. Some institution probably wanted to get out of it badly. Also, the 3.5M volume in one day at the end of June at $3, which doesn't look like was a short covering looking at short levels. That buyer(s) must have seen value in the stock at that time...any thoughts??
Sentiment: Strong Buy
Wouldn't surprise me we see a filing shortly. I know they give out many options and restricted stock but given the share price I'm betting on some insider buying and the stock price responds to around $ 2.75.
If the past is any indication of the future, buy at 4 and short to .10. Then ride to 15 and short to 1.50. Then pile in and wait.
Made nice bank on the .11 cents. You would think bottom is in. Holding up well,but on low volume. May easily take out $2.50. Will be watching.
Look for 25% gross margins by q4 fiscal year on flat revenue and stable Euro. Take a look at what earnings will be then based on these margins. If we can just get the NEC deal done. If they would announce the NEC tomorrow, the stock would take off and wouldn't stop until it hit $5. Nothing has really changed but the price of the stock. I take that back, a delay in the NEC deal and the surprisingly weak Euro but does that make the stock worth 50% less overnight?
Got in at $2.10 today! Good EC. Technically back to 70 RSI on one year chart IMO. 3 year 5 years were below 20RSI due to recent market and tech sell off. Looking for another good day today to clear the $2.50 zone. Wait and see.
In the conference call Loof says that they are in deep serious talks with NEC on how to get this deal done that both companies want. He says that the resolution is near on the investigation into the chip companies possible price fixing. It seems that things are finally coming together to get the NEC merger completed. They are already telling us how much more in earning per share that NEC would have added this Quarter. KEM is up around 20% today on this news. We may have seen the bottom last week. Things are looking to set up for a nice recovery and continued upward progress. Its about time!