So the company has nearly tripled its PPS earnings since last quarter. Beats revs again, guides in line expecting sales to increase despite economic woes, and yet the stock price is down over 40% since last quarter while the Russell Index is down only 7% since that time. I'm not selling under $3.00.
i got in at the end of the day today at 2.03 but tonight all the talk about the rs got me a little worried. the soros info just made me feel alot better about the purchase. i would still like to know more info on the rs like is it definite and if so how long till they do it, approx.
The big money managers are staying away because ....
... they are prohibited from investing in a stock under $5.00, which is why the R/S, when enacted, will hopefully draw-in those who absentee-ers and drive the share price northwards.
When the shorts cover....and as I've posted before, LTXC was the 7th most shorted stock on NASD, and may be 6th now....when the shorts begin to cover, and they will, you'd be foolhardy to sell at $3
It's the reverse split concept that's allowing the shorts to PLAY with our money.
I'm for the reverse split, but management's timing wasn't in the interest of the small shareholder.
LTXC is a star in the firmament of automated testing, and the price will catch up with the value here.....it's simply a matter of time. Patience will work with a fine company and this is that.