This board had extensive discussions about the
reason(s) for last runup at the time. Almost everybody on
this board agreed that institutes were buying into SWS
based on the numerous block tranactions during the
period. However, we didn't know whether the strong buys
were just for accumulation or for other purpose(s). At
the very begining, I tended to think that a big boy
was after SWS. After keep checking SWS's SEC filings
and % institute ownership, it is obvious now that
numerous institutes have been accumulating SWS during past
couple months. Individual investors might help in push
this stock a little at the late stage.
course, institutes are also buy and sell a stock as our
individuals. However, institutes tend to hold a stock for
longer period. SWS is a idea holder for many funds:
proved management, solid and stable business during past
three years,low p/e, fast growth, no debt, lots of
cash, pay cash dividend.
As I recall, you are correct. There was about a
two week lag on SWS's earnings run. It followed right
after NITE's, which may have released its earnings
numbers a few days before SWS. I remember someone on the
NITE board saying he/she was cashing out of NITE and
moving into SWS. That proved to be a very good move. It
seemed like part of the late surge (up to ~$90) in SWS's
run was the result of recommendation by Clearstation.
It seemed like daytrades may have moved in and of
course there was a big volume surge. A few weeks later
Clearstation recommended shorting SWS. That's about when the
price dropped sharply. All of this comes from memory
which can be spotty at times.
Hopefully we can get this bitch up to the mid
70's again so we can throw around the idea of another
stock split. No doubt we need more liquidity in this
baby. Don't misunderstand me, I love this stock,
overloading my portfolio with this sucker in April and all
through June. But enough jerking off, lets blow our load
and get this thing into the 90's again!
This sucker's float is so small( 7-mill)that if
we get a great quarter...
Also, I believe that the small float is what gets the
bid/ask prices gyrating all over the screen(as so
eloquently described by MR. Swede). It doesn't take much
volume to move this turkey all over the place, which
bodes very well for those of us on the long side of
If my memory serves me correct, I think we didn't
have a run until about 2 weeks after earnings last Q.
It was very suprising when they released .70 and it
took 2 weeks for a reaction. I bleive the last
earnings report is what got SWS "discovered" and on radar
screens. This report will be very important as I believe
institutions will be looking for consistency.
Times like these I wish the institutions weren't
so heavily into it. It seems to be slowing down the
ususal pre-earning runup. But also might avoid NDB &
AMTD's fate of 'sell-the-news' after good reportings.
With about 40% ownership, who's buying &
Where's GOODTIMING99? I'm sure he'd have an excellent
link to help provide a clue to all of our questions?
That guy's a research machine!
long long & planning the $100/sh party before my next