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UniTek Global Services, Inc. Message Board

  • per_a.jacobsen per_a.jacobsen Aug 27, 2013 11:55 AM Flag

    Here we go again

    All,

    So another irrelevant disclosure, tearing the price down 30 to 40 cents, and giving the third opportunity to make 25% to 50% return in a couple of days.

    I am not a trader, but I allow myself to admire the predictability of it all.... buy on almost any news and recognize 25% gain in a week or so. It's like an ATM for traders.

    Ok, just for the record. The Nasdaq letter was not unexpected. The delay in 10Q filings were not unexpected.

    Best,

    pajacobsen

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Hey how's that opportunity to make 25-50% in a couple days working for you? (Your words) So it should be at around $2 or more now?
      Great call! Your crystal ball needs a little Windex to clear it up a little for you. Or maybe a change in your cheer-leading outfit.

    • since the spread is so large usually and the volume so thin, it is impossible for anyone to make money trading on news in this stock. This stock is like a roach motel: you can get in, but can't get out (at least for now that is)

      • 1 Reply to fiberbull
      • Fiberbull,

        With all due respect, I disagree.

        While it is true that as a short term trader, you will have trouble operating in this environment, the equity has clearly demonstrated solid runs up, interrupted by drops on non-significant news. Each of these cycles have yielded plenty of up and down opportunity, and I will say that you could reasonably have doubled your money over the last years -- twice.

        The key is to understand that this is not a short term (as in swing or day) trade, but rather an investment (or trade) with an indeterminable time-horizon.

        Of course with the volatility/volume profile of today all bets are off (as it is for any other equity,) but ultimately this is a $500 million company with strong margins. No amount of letters back and forth between lawyers is going to change this, I think.

        Best,

        pajacobsen

 
UNTK
0.47-0.01(-2.33%)Aug 1 3:59 PMEDT

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