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ACS Motion Control, Ltd. Message Board

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  • snugly60031 snugly60031 Mar 7, 2005 6:18 PM Flag

    thats all they have to offer

    I am long 800 shares, average about $5.50. IMO today's failure of the shares to sustain early rally after earning news, almost guarantees the price will go lower near term. I wouldn't read too much into the lack of guidance and some of the other criticisms of the report, since this is a foreign corporation, and they probably have some different norms in earnings reporting. IMO the report looked pretty good for what it did say.
    Looking at today's chart the big seller probably did unload shares this AM during the rally. There are some volume spikes and price drops during that time. I have noticed recently that there will be minimum or no trading volume periods during the day, when I believe that the MM has been trying to place the big seller's block trade. Then the price will drop on a spike in volume. I don't believe that the seller has finished based on today's chart. I believe that for those of us who believe in the company these sales are presenting an excellent opportunity to add to the position.