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Planar Systems Inc. Message Board

  • alexalekhine alexalekhine Feb 7, 2013 1:17 PM Flag

    $2 first time since

    April 2012

    Quite a move.

    aa

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    • Quite a nice trading volume level on the move up on Friday 3/8.

      Although the price did not hold at the high for the day, that high was a new "high for the move"
      and the highest since last April.

      Unfortunately, PLNR management is in a position of "fooled me once, shame on you."

      Investors will have some skepticism that the recent pronouncement of profitability for the current year is not a case of "fool me twice, shame on me."

      That means, early May for the 13FQ2 (March) earnings report.

      Still, from a technical analysis perspective, if it can stay above about $1.98, the trend is clearly up.

      As Larry Livingston is reputed to have said, he can tell only the direction of least resistance but never the extent of the potential of the movement in that direction. I am in that camp.

      aa

      PS, at some point the ratio of the price between PLNR and CYAN will be so attractive taht I might swap some of my PLNR position to add to my CYAN position down here near these levels.

    • your two comments in one day, must mean your selling. cyan , going no where.

      • 1 Reply to southwalled
      • Not selling CYAN.

        The shares I hold are essentially "free" as a result of swing trading over a few years on the big move up. I find it a very pleasant place to be (as a trader) where there are no psychological pressures over the potential to "lose" money.

        They again posted record quarterly revenues. Unfortunately, the amount of disclosure is really limited. It looks as if the March 2013 FY will have 40 cents a share in e.p.s. That leaves the stock at a reasonable valuation. At some point I expect it to make another improvement in its sustainable earnings capability and the stock will move back up.
        Fortunately, I sold alot of shares on the way up in the 7s, 8s, 9s, even the 10s, and some on the way down. Most of them had been bought in the 2s, 3s, 4s, 5s.

        aa

 
PLNR
2.14+0.02(+0.94%)11:18 AMEDT

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