This will be a $10 stock some day, mark my words. The real question isn't whether it will happen but how long will it take. The next 2 quarterly earnings report is when the stock starts to get recognized in my opinion. If you recall in the last conference call, ipass said that they receive a minimum revenue # from the Tata partnership.
It's been my experience with these small and micro caps when they get added to the index the short interest will go up dramatically. The hedge funds have looked at the historical data and place their short bets. If we get a little stablization in the market and a good outlook by Shaike this might be our ammo to get to the upper 30s quickly.
Have a friend that just retired from Intel. I asked her about her friends and the upcoming layoffs. She mentioned that the vast majority of the layoffs weren't in the US but rather in Israel. Sounds like what Shaike said on the call is panning out. Looks like Intel is getting out of certain business and that some of that business is coming Silicom's way. Only time will tell but seems like the stars may be aligning.
They picked on the wrong stock here. I could see them end up with a 8 figure loss very easily if they keep doing a kamikaze on this stock. Their computers are selling every rally to keep the stock under the 50 day moving average. They tried to push it under the 200 a few weeks ago and that didn't work. The funny part is that we had a big institutional seller part ways with several million shares in the first quarter under $1 and the stock is up from there. Add the 2.7 million short and the institutional seller and we have 5 million shares of demand on the other side in the last few months. I'm going to copy this same message in 6 months and add another comment on how much money the shorts have lost just to tell you I told you so.
Short interest down to 2.35 million from 2.49 million. The price was up from 2.59 to 2.63. Look for big covering this next reporting period as the 2.50 call options will get exercised by Bobo. PS - AVX and VSH which are Kemet competitors are at 52 week highs. Look for more upside in the near term.
Boardie, I've been here a couple of years and this is definitely a show me the revenue story. John Paulson owns 10 million shares and we have several former GE people running the company. They key is can they execute without raising more equity. If they can, this can be a 20 bagger within 5 to 7 years.
4/29 to 5/13 short interest decreased 103k to 2.492 million. During that time the price went from 2.28 to 2.59 on just over the 100k shares covered. With a little good news this stock is going to fly.
In my opinion at least 80% of the volume was manufactured yesterday. The computers took it below the 200 day on Monday. The algos say once it goes below on a low volume stock they will try to keep it below. Watch the short interest to be up significantly again come the 5/30 reporting period. My feel is that it will also be up come the 5/15 period but not as much. We may see the 5/30 # approaching close to 2 million shares. We need to sign Brazil.
Shorts have bought call options on nearly 500k shares expiring in June. The strike price is $ 2.50. No way the stock closes under $ 2.50 a month from now. If they tried to cover 500k shares in the open market they would push the stock up a minimum of $1. Bobo is stuck and a little bit of good news in moving forward with the merger we are at $4 plus.
I've forgotten who sings that song but if the last conference call plays out accordingly, this week or next might finally be lift off with Brazil on the horizon. Look for $3 plus if this plays out according to plan. If they had options now would be the time to roll the dice as 2k could turn into 40k or 50k really quickly. Unfortunately, no options here.
Boardwalk, glad to see some old timers still around the board. I remember Authentec quite nicely as it was my second largest holding at the time. Went off at $8 or so and was surprised Apple bought them so cheaply but it had a nice run up. Long and strong Mitek for the last 3 years in quantity.
So short interest says it will take 30 days of average daily volume to cover. Ok, it may not be that much as I see you've bought June 2.50 calls for over 400k shares. Bottom line is you are still stuck. You've made a good chunk of money on your short of Kemet but you errored on increasing your short significantly around 1.50. Kemet is a low volume toy that you are experimenting with to see if you can take it to other low volume stocks. The reality is that everything went perfectly for you on this stock (global industrial recession, crazy strong dollar, NEC Tokin price fixing, etc.) and still by the time you cover you will come out with minimal profit. Next week, we will see $3 plus. We'll see if you have the guts to short some more shares at that level. Twenty years from now you will always remember your Kemet lesson and the guy who called you Bobo.