1.NCR has been in the register business for 20+ years. 2. Many R&D people were fired for lack of productivity..Spent lots of money on no product. 3.Stock is in the dump because the company has know viable products to compete in the market. Management still has the 60's mentality and it has caught up to them. Just ask the customers!!
1. NCR is starting into cash register business now. Par is no way to compete with NCR. 2. Many key R&D people have left or are leaving. 3. For small company, book value is nothing, patent and invention is every thing. When I thought their eye instrument was going to take off, I bought a lot of shares at $11.00 back 2 years ago, all the way to $4.00 now. No company is willing to buy PTC by paying book value yet. I kick myself for the mistakes.
It shows a lot of very strong support to see this kind of volume at a low. This volume being traded at this price is an example of a bottom having been reached. You could of course speculate as to other things happening. Possible accumulation of shares by another company, buy out coming. Any way I like what I have seen today and yesterday to the tune of 10,000 shares. You will definately make money with par if you have a little patience..
Quote freerealtime.com was listing volume over 600,00 earlier in the day. It must have been an error - Final volume today was about 296,000 and about 350,000 yesterday, but that is still a lot of volume for PTC. Maybe the volume quote was and is wrong for both days. this whole thing is very perplexing.
Where in the hell is all this volume coming from? There is something very strange going on. A millon shares in two days - that is not anywhere near normal. Is it a buyout or are they trying to go private. Or maybe someone in management is getting out - or shorts. Anyone else got a guess. This is crazy.