Believe it is in anticipation of divident payment on June 1. Seen this temporarily raise a stock before. That and the fact that although they had a dissapointing quarter, CSL is still a great company and a great stock. The market may be getting over the recent bad news and recognizing that that was not typical for this company.
No one is talking about the potential for the iTV to positively impact earnings going forward. Unlike the iPhone whose name is now being debated by lawyers and which will not launch until the summer, the iTV comes out next month. It isn't getting the same press, but it has the potential to be big. Whether this thing pops next week or not, it WILL pop.
Bought $2.00...still holding. This is a highly speculative stock and not the one I watch. I bought only 1,000 shares. I don't stay up nights worrying about this. My other money is in more stable investments which are doing fine. If this ever takes off (as I believe it one day will), I will look BRILLIANT! If it goes into the toilet (it might for awhile) I have lost very little money. Hopefully, no one here is mortgaging their future on penny stocks.
The quarter has just ended and we have a month until they report on it, but the drop below $30 suggests to me that some insiders know about upcoming bad news.
I have seen this happen before, and it always makes me mad. This is supposed to be illegal, but you can see from the behavior of a stock what the insiders know. I hope I'm wrong.
I'm long on BCON, but financials don't look good. More red ink. They're going to have to report actual income before this is going anywhere. Don't look for upward movement any time soon.
So what. No stock goes straight up or down. Additionally, everyone knows the first 1/2 hour is for amateurs. When I hold a stock like this, I don't worry about the small movements.
To those of us who got in after the fall, congratulations! To those of you who were holding when it fell - congratulations! We all win today. There was no way this stock was going to stay down. I agree with the poster who said near 37 by options expiration. I was going to get out at 37 but may stay in longer. You can never go wrong with a solid company.
If I'm reading this right, the money may not come this quarter. Since the market is forward looking about 6 months, I expect to see run up before earnings and continued run up after earnings in anticipation of continued growth. This is a great stock to be in right now.
I like "up" any day. What's wrong with having the stock go up on low volume? I see this as a positive - the market recognizes the undervalued state of this stock. This is not a reaction to some pumped up news, just the correct direction for this stock. Up on low volume, up on high volume, I'll take either. I'm looking to get out in the high 30's - and we're going to get there.
It will. The market is now a little less exuberant about CMTL. This is a solid company, it just may take awhile to bounce back. They should report the 1st week in March. I expect to see solid upward movement then. It seems to have found a bottom around $31.50. Up slowly from here.
Actually, you can find a worse board. I traded in and out of Cisco for awhile, and all they talk about is politics. Every once in awhile you'll see a post about the stock.
As for this board, what alarms me is the short supply of bashers. It's a bad sign, and I'm in at 2, so I'm not real happy right now. Hoping for more good news and more bashers to indicate movement up.
The real questions is: why did they file these, and why now? Why not a year ago or a year from now, or 18 months from now? I am guessing that the answers to all of those questions would be found in the filings themselves. Does anyone know how and when (and if) we can view the above mentioned filings?
No one has commented on the Motley Fool article. CMTL is listed as one of the 10 best stocks to be in. I can tell you I found this stock by searching for beaten down companies. CMTL will do well in the months to come. Don't worry about day to day fluctuations. I'm down a little over $1/share right now, but I'm not worried. Earnings forecast is $.32 for this quarter. Last time CMTL had earnings of $.32, it traded at $35/share. Way undervalued at current price.
I really thought it would go lower, but it seems to have found the bottom. It will languish here for awhile, then go up as the end of the quarter nears. Remember, CMTL didn't say they were going out of business, they simply warned for a quarter and stated that some orders were delayed. The market overreacted - this stock is way oversold. Anyone who bought in the last 2 weeks will make money and soon.
Seems I never find the bottom or the top. There was the time I sold Ameritrade at $12 thinking I had done well only to see it go above $17.
Now, CMTL is pretty low right now. I wish I had bought earlier in the week when it was below $30, but I got in at $32 and of course that was a signal for it to go lower!
This stock is so oversold and undervalued right now, it's hard to go wrong at any entry point. I think we will all make money in this stock in the coming months as the market shrugs off the initial shock of the forecast.
I am looking for something around $35 in the near term (next few months). This assumes that $.27 is accurate for the current quarter.
Most of the Dow stocks are great for flipping. MSFT is the best because it never goes anywhere - it just bounces around. QCOM is another good one. I can buy and sell these all year and sleep at night.
BCON is fun because it could actually go somewhere someday and then think of the bragging rights I'll have. "I bought it at $2(true) and now it's at $100". I'll look brilliant! If it tanks, I don't ever have to fess up!
To the poster who said the market's purpose is for some to make money at the expense of others - wrong. The market is doing its job when everyone wins. I buy low, sell high, you buy from me at high, sell higher. Options, short sales, many ways to make money.
As for BCON, it's a speculative play right now. No ananlysts are covering it because PEOPLE - THIS IS A PENNY STOCK. If you don't understand the risks, you should get out and buy something safe and boring like MSFT. Actually, I trade in and out of MSFT all the time. I have a little BCON, I won't buy more, I won't sell this for a long time. Small fraction of my investment $$$, little risk to me.
I hope it goes to $100, but even if it goes to $.01 I didn't buy enough to lose my shirt.
Good luck to all.