If anyone needed a reminder that this stock is very volatile, trades thinly, and that care must be
taken in placing orders, yesterday will provide such a reminder---After trading around $1.70 for most
of the day on higher than average volume, the stock in the last minute or so dropped $.14
to the $1.56 level---Approximately 10,000 shares involved at the end of the day---
$16,000 approximately involved ---The $.14 cent drop X 30,000,000+ shares = $4,200,000 drop in
aggregate market cap in just a few minutes..
In any event, assuming $.18 in operating earnings per share in 2014--
and further assuming only a 12X PE---stock could be trading at approximately
$2.16 +/- in March 2014. ---This would represent an annualized % gain of
nearly 77% from 9/16/2013 closing price level.
Although my focus continues to be on 2015-2016--ChyronHego near-term,
could grind its way higher over the next few months. There will be headwinds---
one factor to consider is that the one year holding period for long term capital
gains is now in place for those investors who purchased significant quantities
of stock late last year (and early in 2013) when Chyron was trading under $1.00---
There will be investors selling to take profits---hopefully selling absorbed
by new investors taking positions.
Nearly 45,000 shares traded at close, taking CHYR down approximately six percent (6%)
from where it had been trading for much of the day---Overall market was weak
and this could have been a contributing factor---
My guess on trading range between now and year end remains pretty much the
same as previously posted ($1.48 - $2.00)
I do think the stock will close the year out closer to $2.00 than $1.50---
My single point guess------$1.80---then significant gains from that level in 2014-2016.
This assumes no major negative geopolitical events, and hopefully some indication that
our Congress can at least try to work together in the best interest of the country.