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CryoLife Inc. Message Board

  • dlhild Aug 31, 2012 10:56 AM Flag

    Volume & Price

    Today the first trade was for 700 shares at $5.49, followed by 200 shares at $5.46, followed by 200 shares at $5.46, followed by 796 shares at $5.46, followed by 200 shares at $5.42. This gets it close anyway. I think there are two points that can be made here. First, volume is so low that it is hard to know the real price and there is no way to buy/sell in volume without affecting the price. Second, based upon the trading for the past few weeks, it looks like CRY is locked in a trading range of between $5.20 and $5.65. If you want to make a more precise guess, the trading range may be between $5.35 and $5.60. I think CRY is range bound for another month or so. Then when the quarterly earnings are about to come out, I think CRY will break out of this trading range. Earnings will likely beat expectations, making a case for an upside break-out. The general market seems top heavy, making a case for lower valuations. Either way, I think we are range bound for a bit longer. Then we will go up or down. At some future point though, the market is going to drive valuations lower. The timing for this is impossible to predict though. If SA retired and took up shuffleboard, I think the case for an upside breakout would improve. Why? The SA legacy: A higher stock price in 1996 than currently.

12.18-0.07(-0.57%)May 4 4:02 PMEDT