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Perion Network Ltd. Message Board

  • leelamandava leelamandava Mar 3, 2014 8:15 PM Flag

    Volume

    More than 2 million shares traded. But it oscillated between 12.90 and 13.70. Revenue may grow 8% in 2014. EPS questionable. What P/E does it deserve?

    Sentiment: Hold

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    • P/E should stay depressed or compress even more as the guidance doesn't look credible here given the abysmal Q4 quarter of the former Conduit business. Moreover management admitted on the call that the current business model isn't sustainable going forward and the company will have to invest heavily to develop new lines of business. Given the ongoing challenges I would expect the stock to move much lower from here over time. Will short the stock going into Q1 earnings next quarter.

    • lee...

      According to I.B.D., the accumulation/distribution indicator is a quite bullish "B+". Iit tracks the relative degree of institutional buying (accumulation) and selling (distribution) in a particular stock over the last 13 weeks. Updated daily, stocks are rated on an A+ to E scale.

      A = Heavy buying
      B = Moderate buying
      C = Equal amount of buying and selling
      D = Moderate selling
      E = Heavy selling

      The rating is enhanced by "+" and "-" signs to show additional detail on institutional activity; a "B+" indicates greater accumulation than a "B" rating, whereas a "B-" indicates less accumulation than a "B" rating, and so on.

      The other volume indicator, the "up vs down" is currently at a very bullish 1.6. It is a 50-day ratio that is derived by dividing total volume on up days by the total volume on down days. A ratio greater than 1.0 implies positive demand for a stock.

      The problem?

      The fly in the ointment is that the current 50 day M/A for volume is a v-e-r-y thin 185,000 shares traded per day. Granted, today was a bit of an anomaly, but the fact remains that PERI is a v-e-r-y volatile stock, for the time being.

      Secondly, if you look at a chart, you'll notice that PERI is [almost] forming a "quadruple top"...closing very near to previous high which have been very strong overhead resistance.

      Until PERI can not only break through but remains above, say $14.87, I personally would NOT be adding to my position here.

 
PERI
5.20-0.36(-6.47%)Oct 1 4:00 PMEDT

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