Where is everyone hiding? No one posted here since February. Have all previous posters sold their shares? I've been waiting to break even with mine; meaning at least $30 a share. Itron has been going slowly up for the last few weeks but I don't see any news that's supporting this trend. Could it just be influenced by the present market trend?
Is anyone aware of any large orders in the wind? Generally, Itron price is driven high when new large customers' orders are signed, not because of their EPS announcements.
I still believe that Itron is a good long range investment, but I'd like to see some action in the near range.
ITRI was featured in Barrons Roundtable in 1996....that is when it got to $56. I rode it up AND down. It is a needed technology in a growing market. The question is: when will they stop surprising the Street with lousy earnings? until they show some management strength in making the analyst's forecast, we are doomed to a trading range....unless a deep pockets makes a takeover move.
Itausam: I'm in at around $16/share. I think the recent recovery was do to the last earnings and overall market trend. I'm interested in that large short position out there. Do you have any ideas about it? Is it mostly shorting against the box from last year? I have no info about current company orders. skeptically
No I've got no clue as to the short position. My contact man went back to Dallas and left no return address. And as we know, Itron is playing close to the vest. Only a decent contract can provide upward volatility as it did in 96 but the grape vine has nothing to offer. Wait and see what the next EPS brings .......... and hope! Itausam