Could this 49 cents/share upward move mean that the market is expecting a much bigger current quarter than originally expected?
well, u missed a nice run. even with continual insider selling it is going up. The insider selling window closes in 2 weeks.
CLCT is up 50% YTD so there won't be any tax loss selling from longs. However, there are over 500K shorts who have just been crushed this year. Will they be throwing in the towel and covering between now and year end?
last year by mid-December, the 30 day coin cert rate was under 120K. Now over 202K. Looks like we are within 1% of last qtrs numbers so far. Will know more in a few days. This will be a record December qtr
again. Surprising in that gold got crushed today and closed below $1200. Doesn't seem to matter. gold/silver go down and people buy more and want more certified.
Excellent dbtunr, and good to hear this. I will also be waiting to hear the news you are talking about for next week. I like the stock price upward drift that has been happening this week!
GAAP EPS will be 19c-20c. With one more day to go (I measure on the 20th as there is a delay) we are within 12K of last qtrs coin numbers. Typically, they grade anywhere from 5K-18k coins/day
The only wild cards with EPS is China expenses and non-cash executive compensation stock grants. I think the execs get their restricted share grants in this quarter. But if coin numbers are so close to last qtrs numbers, I would have to assume the same EPS of 20c.
closed at HOD, above $17. Only the second close above $17 in a couple of years. dividend adjusted, again a new multi-year record close.
looks like a little short covering
NLS Time (ET) NLS Price NLS Share Volume
16:00:06 $ 17.03 41,965
16:00:05 $ 17.03 1
16:00:05 $ 17.03 26,975
16:00:05 $ 17.03 14,989
about 84K shares right at the close
followed buy big blocks AH
After Hours Volume: After Hours High: After Hours Low:
68,687 $ 17.026
(16:26:00 PM) $ 17.026
152K+ in block trades near the close and after hours. Must be some index movement. The last time this happened was the end of June when there was a huge spike in trading (700K+) after hours. The stock went up $3 in six weeks after that. This was when CLCT was taken out of some of the Russell indexes. Maybe with the 60% rise in value this year it is getting added back? Or short covering before year end?
dbtunr: Hasn't it been great to have Beefstu57 off the Board for a while? We are enjoying a solid and rising stock price, and good discussions on professional issues for a change. If we are truly lucky, maybe he was one of the short sellers flushed off the board for good in today's short sales...
coins using the Dec 20 cutoff date are 6K less than last qtr. Estimate 441K coins total, cards 432K, rev $13.7M. Unknowns are China expenses, executive stock grants
Last year was 7c EPS and under $10M in rev