an institution showed interest in buying 300,000 shares at $39 this morning and moreover there are other buys which may add up over 400,000 shares just today. Since the float of CLRS is only 4.4 Million shares I expect the price to skyrocket in about two weeks. But MarketMakers are likely to torture small investors to shake them and get their shares before moving the price to $100. Wouldn't you agree?
buy 300,000 shares this morning at 39, any manager worth a damn would have sold it today at 44 for a 1.5 million dollor profit in 4 hours. I highly doubt any respectable company would make a 11.7 million dollar wager on a stock that is up %440 percent in the last 3 weeks. C'mon, wait to everyone who doesnt have a clue and buys at 42 has to panic sell, who make the money between the bid and the ask then?
This overbloated pig is going way down. The one reason it has for a rise is the CSCO, MSFT deal. That was a month ago, and this stock has risen over 300% since. It's been more than priced into this stock. Everything announced since then is meaningless PR fluff. With the one exception of the quarterly report. Which portrays a mangy dog. They've lost 26% of their revenue, and margins have been sucked down into deep negative territory. After the buying craze is over, there is going to be a significant correction and sideways movement. Because this company can'nt support a p/s valuation of 10. sell sell sell. And congrats on your impressive returns. But its time for this rock to come back down to earth.