what's happening is institutional investors are completely taking over company.. Everyday they are buying at close.. stock is being held down despite large buying... Outlook is favorble for rest of yr.. They will force a buy out... seen it before
they have 3 bids on PEMEX..... we Know they have increased backlog and picked up a contract for 63 mil.. What I am looking at is the bigger picture. Institutions own 96.5% of company. THEY AREN"T SELLING.. That's the bottom line.. Holding
the company is poorly run and don't know how to conduct PR ... there is no new bidding on construction , but 80% of backlog of 172 mil should be performed in 2013 they say. They say they expect improvement each QTR over 2013.. I think today was pure manipulation ...146 mil rev and EPS on line... 81K shares took the stock down at open.. yep , 81K.. that 81K triggered stops and sell off of inexperienced investors .... now we see a 100K buy order at 1.86 followed by a rash of more buying... there was NO MAJOR SELL OFF.. what does that mean ? we will head up eventually.. overall picture is good.. company will be more profitable this yr than last... we just have to put up with the BS ... also large short pos favors in unstable mkt atmosphere we have . I don' t like any of the company heads.. they don't know how to speak.. the first speaker slurs his words and has the enthusiasm of a slug ... We got screwed for the time being.. Also , 50 SMA is at 1.82 which they hit right on the money... nope.. there is no major sell off so I'm not worried about future outlook.