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Alphatec Holdings, Inc. (ATEC) Message Board

  • atermofcondition atermofcondition Apr 5, 2013 10:56 PM Flag

    Anyone else read this board?

    Looking for some opinions on this stock. Positive qtry #s and a new FDA approved product. Why the rounded top?

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    • I have a broker who is very skilled at picking small-cap stocks who has been recommending Alphatec to me for a year or 2. I had been watching it and got tired of it sitting in the same $1.55-$1.70 range for such a long time and really had nothing I was considering trading to buy in with. Then, everything changed with the last earnings report. Beating on the top line and new device approvals. I missed the runup to $2.50 and thought I had no chance of getting the stock at a "reasonable" price. But then, and I don't understand why, the stock dropped all the way back down to almost the same level I had been putting off buying. When I saw this I decided to jump on the stock and get in with at least a few thousand shares to start. Right now I have close to 10K shares and I don't think the company will disappoint this year. My daughter is in a spinal orthopedic surgery practice and business is better than ever. What's the downside at this level--if any? The chart shows a nice upward trend from the low on 11/28 and it looks like this should be the bottom at both the upward trend line and the 200 DMA. I think the stock will trend higher into earnings and then hopefully retest the recent highs.

      Sentiment: Strong Buy

      • 1 Reply to mgm2020
      • Kinda the same thing here. Got the advise from my broker when the share was at 1.65. Bought a bit later at 1.97. (should have sold though at 2.3 and bought back now!) . He has been in contact for a while with the CEO and knows quite well whats going on. A lot of selling pressure from older shareholders every time the share goes up. Those were buyers at around 9 $ at private placements and by now they are a bit tired of waiting. Previous management did not do a good job. New CEO is well known in the sector and did a great job at DJO global. If he manage half as good as he did there this share goes easily to 3-4$.

        Sentiment: Strong Buy

    • I don't get it either, I bought back at 1.97. There is a lot of selling pressure. From what I know there are some old shareholders that bought when the company went public at 10$. They have lost so much that as soon as the share goes a bit high they try to sell as much as possible. The new CEO is very good. He did a great job at DJO Global and probably this will go up with next quarter results.

0.3589+0.0239(+7.13%)Oct 8 3:59 PMEDT