Two quarters ago in November, in the days leading up to the earnings call the share price advanced $0.50, with flat money flow to visit the 139 day simple moving average. Right after the call money flowed out.
One quarter ago, in the days leading up to the earnings call the share price advanced $0.50 to touch the 139 day sma with $10 million positive money flow.
In the days leading up to this earnings call, so far the share price is up $0.25 with about $3 Million positive money flow to touch the 139 sma.
In all three cases the trailing 12 month earnings per share average has improved. In the two previous quarters the share price has declined between earnings announcements after the $0.50 jump.
My best guess is that institutional investors are taking their quarterly position right now with an eye on the medium turm moving average and the 12 trailing eps. They understand it's a guessing game with amsc right now and don't want to trade the stock daily.
Some renewed hope for a settlement with the Chinese lawsuit. Could be an interesting final 20 minutes. The large short position could get a little spooked with a close over $2.80. Kind of guessing but I'll buy at the close if it closes at or near the session high.
I don't think it has anything to do with the lawsuit. I don't think the lawsuit is ever going to happen to be honest. Chinese are crooks and if GE maintained business with them despite the way they operate, then that allowed them to get away with it. The only reason they'd pay is if we had collateral. The collateral was holding off business with them. Now we have no more bargain chips!