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Rand Logistics, Inc. Message Board

  • joetong419 joetong419 Jun 12, 2013 4:10 PM Flag

    RLOG earning, high volume, 52-week low

    Earnings announced was not suprised lower vs. prior quarter;
    High volume vs average
    Been many months RLOG traded under 5;
    Now wondering if the bounce will stay over 5; head to 6-7 range with next 2 quarters rosier.
    The positive: like the bounce; didn't get 4.80 but 5.09.

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    • joe - I picked up a few shares below $5 - couldn't resist.

    • Looks like it will slowly trend lower until better numbers are turned in. Management discussion was optimistic, but, when I read the press release for an earnings announcement and only see tables/discussion for the full year numbers without any mention of the quarterly, or a clear indication of what the per share loss (EPS) was, I know that they are purposely hiding it.

      I'm not buying back here. In the mean time, Knott continues selling shares hand over fist. When I see Levy and other officers pull cash out of their pockets to buy more shares, then I'll begin to think about it again.

1.04-0.060(-5.45%)Jul 22 3:58 PMEDT