I have no love for Chardan.... don't trust a thing they say... But would not surprise me to see them turn on Kerrisdale. Good
But they will trade it well below where it should be at least 1 more time. I agree there could be a few more down days before it starts to settle. DHT reported and the report was good. Took the market a while to digest it so was a great opportunity to pick up shares there.
Fro will be the same way. The market is good right now. Shipping Rates are up and oil is continuing at ~48-49/bbl. This will result in more storage needed. The shippers enjoyed 1 out of 3 months last quarter of improved rates. factor that in when they report Q4 to get a Q1 2015 estimate. They are looking good and the market is starting to realize it. The recent pullback was good. Allowed higher lows to be set. "Shopping" here right now. Have not bought, but expect to. Just need to set my price and see. Traded a bit in the last run-up....
But combined, the 9's and 8.50's (1245 shares) against 5 9's and only 78 8's would make sense. They could well spike it early then take it back down to 8.49... Will be a learning experience watching it tomorrow. Either way, it looks like we are beginning to set higher lows here.
Hmmm, seems Mr Market is taking its time to digest what was actually a good quarterly report. Yes, the reversal of the impairment charge helped, but it was a reversal....
But you always have to wait for Mr. Markets reaction. Personally, I agree with you. It is a very good report. Definately shows a great positive forward trend.
EBITDA for the quarter of $25.6 million. Net income for the quarter of $28.5 million ($0.31 per share) including reversal of prior impairment charges of $31.9 million.
yes, use forward P/e and in the write-up, I believe the analyst used a forward AP/e of 14.x and stated his reasoning for using that.
John lee is a great candidate for ignore... form posters on both boards...
Agree on the day trading. Dropping my cost basis here similar to the strategy I used with HIMX. 5-10k buys pocketing $3-500 per trade. Small change, but it adds up quickly.
90% of my investments are fairly well locked down and maintained as core positions...
Chardan seems to have lost their bite... I would not call GSAT under heavy selling. Volume is very low. Picked up some traders here.... Might as well make a few trades while I wait.
Would not surprise me if this was heavily shorted again at the 8.9x level the other day. The last couple down spikes were used to cover shorts. This presented a new opportunity to short. I don't think it will have as much downside gain as the last round. With recent news, maybe test the low 8's before beginning to move up.
And earnings are known...Will the guidance show some of the expected ramp in quarterly EPS? I think they will. LCoS is nice... I'm more keyed into Jackies comments regarding the WLO and array side as the greater growth opportunities. These started selling late Q3. What will their growth be?