Within the KTCC conference call-minute 14-15, KTCC mgt talks about a long time customer introducing a new product that will be a "home run". From my research, I think that customer is SMT. So, for a speculation, SMT is a buy under $1.20.
Not yet-still waiting for a broad market sell off. From the dozens of series of data that come out of the FED each week the 6 that I follow closely suggest the FED has been tightening net/net since last August. One of the results has been $ strength and all its implications. Until the FED goes the other way-they can still raise interest rates but "ease" in other ways-I'm just biding my time playing small ball, but net/net doing very little.
On the other hand, inflationary expectations are rising in the Euro-zone and the US. This explains the bond market sell off. Implications:as long as oil grinds higher and the $ lower-bonds will sell off and commodities will rise.
As a predictive tool, I am getting "hints" the FED is "easing". Reverse repo balances are falling, excess reserves increasing, so the FED is setting up the conditions for M2, monetary base and FED balance sheet to consistently increase. If so, the $ will continue its decline with the factory sector gradually getting stronger-leading to wage growth-with the market looking to buy inflation hedges gold/silver will do well.
If the FED does actually ease in a policy change and Washington passes investment tax credits and/or infrastructure spending-the S&P 500 races to 2250.
Part-time jobs up 437,000, full-time jobs down 225,000 so all job growth was part-time jobs. Labor force was up 255,000, with 266,000 age 55 and older. Prime working age workforce 25-54 was down 19,000. Total jobs for the 25-54 age bracket still down 4 million from the 12/2007 high.
Total workers age 55 and older another all-time high of 33.38 million. The dynamic? Older folks have got to go back to work because they can't earn any interest on their CD's.
Current total mfging jobs about 12.3 million, at the end of 1999 it was about 17.3 million-so 5 million lost the last 15 years.
Bottom line, the jobs number was weak and I'm very disappointed at the talking heads for not pointing out the
the part-time/full-time dynamic and the age 55 and older dynamic. The "happy talk" folks are lying to the public. At some point in time, this continuing "fraud" will be exposed in a market that hits an "air pocket". Unless of course, the FED does QE4.
No! Other than trading HL several times, I have not sold any gold/silver stock positions. Although I think there is one more big sell off coming-perhaps because the $ starts to get stronger and/or there is a general sell off across all markets-a massive grab for liquidity-I am a net buyer of gold/silver stocks on weakness-holding for the big move where gold doubles and silver triples.
Other than HL, I don't want to over trade and perhaps miss upside moves. From all my reading gold and silver supply-from production and recycling-will be down in 2015 vs 2014. 2016 should be down from 2015, so with new supply falling and the market way under owns gold and silver, the demand/supply dynamics get better as 2015 progresses and into 2016.
Hi Commandor, Are you selling any of your position in SSRI? I listened to the CC and they had a nice quarter. As always thanks for sharing your thoughts with the boards.
Mgt sure is having trouble getting sales and earnings to grow consistently with last two acquisitions proving to have "trouble" not long after the deals closed. Institutions own 75-80% of the stock, so the only way they are getting out is if the company does put themselves up for sale. I was a little surprised that mgt was not "grilled" harder during the conference call. Perhaps there is some "activity" quietly going on-I do expect a 5%+ shareholder to try to put PCTI into play in the coming weeks
Title says it all, how long does the current management team have with this lackluster performance? Seems like a change at the top may be in order. What do you think commandor? Is replacing Dr. Singer the right move?
W/R to PCTI, I'm in no hurry to buy. Perhaps closer to $6.50 it gets interesting. In recent years, it is always "something" that keeps PCTI from stringing together a few good Qs. Due diligence for the last two acquisitions have been pitiful. As a result mgt now has credibility problems-time for a 5%+ shareholder to put pressure on mgt to put the company up for sale.
Expect June Q to be similar to March Q. Will look for insider buying before buy more myself. Otherwise, will be a buyer in Nov, Dec-during tax loss selling season.
For the most part, for all of 2015, have only been a net buyer of gold/silver stocks on gold/silver price weakness. Anything else, I've taken gains when I get them-let go of some KTCC when it got in the $12.30s. Still have some PCTI, when bought close to $7 on recent weakness.
I would like your thoughts on the recent cc for LTRX? Will you be adding and if so, what are you price targets?
Hope all is well with you. I miss reading your daily comments. As always, thanks for your insights and sharing your knowledge.
Sorry, a little late in the response. Yes. Up until PCTI's recent missteps I thought there were 3 fundamentally cheap stocks where mgts were building good businesses: PCTI, KTCC and LTRX. KTCC is the 1st to start to perform. LTRX and PCTI may have to wait until the 2ndH of 2015-assuming the economy gets a little stronger.
That is why I like to trade it. It is worth $10 - $12. If I got caught and the price went down instead of up I would not mind waiting it out. I would not try to pick up $.50 from $9.50 - $10 but at $7.00 it seemed like a sure thing. I'll be back.
Not bad, but I think you left an easy buck more on the table coming into the next week. Relative to the rest of the tech market, PCTI should be at $10 to $12. imho I own this at 4,5,6,7 and 7.5 One of these days Alice...
Sentiment: Strong Buy
I am out with a $.50 gain over 3 days. I will take the 7% and put PCTI back on the watch list. I don't know what the upper limit on the buy back is this time around, but the average price paid in 2013 & 2014 was $7.485. GLTA.