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Systemax Inc. Message Board

  • look2it00 look2it00 Mar 25, 2008 3:33 PM Flag

    Volume...

    Big volume coming in over the last few minutes. I don't know how this stock stays down. Someone is buying large blocks and they are keeping the price down to fill the order. Jesus when this thing lets loose look out!!

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    • look2 I agree! SYX is poised for a big jump.

      Barrons this week had a big story about Best Buy and how these retailers may be undervalued for a recession.

      As someone pointed out here, from a macro perspective SYX has going for it on a macro level:

      it is tech
      it is mid-cap
      it is retail

      ... all of which is undervalued by Wall Street and starting to show signs of appreciation.

      And lets not forget SYX throughs off free cash (as we soon will be getting some of!) making it a PRIME TAKEOVER CANDIDATE.

      P.S.
      I put a takeover target between 20 and 30 probably around 25 to 27 if SYX keeps on doing well.

      • 1 Reply to pacenet_2000
      • You got to love new blood on the board.

        Uhm...If you look at the chart for the last year, you will see that it spend a considerable amount of time in the targeted buyout range that you mentioned. What did the Leeds do? The bought more stock at that price. They didnt sell the company. It is worth much more in a package deal.

        IMHO, if they wanted to sell the company tomorrow at $25, they would have buyers lined up in a heartbeat.

    • Who is selling at such a bargain basement price?

      • 1 Reply to Stsrfire
      • Not too many people. The trades you see are the MMs trading it back and forth, the same shares over and over. Yet who ever is accumulating realizes that they have to ultimately raise the bids to accumulate any shares in any significance. Most people can read a chart that an increase in volume and price means, the stock is going one direction. Few are selling and watching this play out, especially with all the fundamentals that support this.

        That doesnt mean that the shorts wont drop the price suddenly, especially in a weak market. The trend is your friend as they say.

    • Not staying down. I'll take a nice orderly rise over anything else. SYX is grossly undervalued, but if it shoots up, there will be profit taking, and shorts will regain their courage. Water torture is what we want for them!

 
SYX
13.04-0.03(-0.23%)Dec 18 4:04 PMEST

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