But it's also the 3rd highest close since mid-January. Gigantic volume too---nearly 2 million shares. This stock used to trade a couple hundred thousand shares at most (check March on the historical link). This is obviously a major breakout already, but as Roberto Pedone pointed out in that article mentioned in a link below, it's on the verge of a gigantic breakout. I haven't been around for a full year, but I see that the 52-week high is $19.50. Will need to get through the congestion in the $4.40-$4.85 area from a few months ago first though (early December I think).
Smart timing---after a bloodboth like today, market will rally hard tomorrow (don't forget market was down yesterday too).
Only down because a) the Bio sector is getting hit, and b) the entire Nasdaq is getting pummeled. It's the normal 50% retracement. Remember, during the rally it jumped about 2 bucks from 3.40 to 5.40. So the chart still intact.
Besides the fact that a .20 flip on 800 shares nets only about 100 bucks after you pay commissions and the taxman.
Forgot to mention---the Kodak acquisition possibility I read on the IV board (sorry, I forgot who mentioned it) but still didn't want to steal anyone else's stuff. The funny thing is that the person said they didn't want it to happen (they were thinking that UNXL has a lot more growth potential than just $5-$10). Personally, after this week's debacle, I would settle for 10 bucks myself.
Huh? Doesn't hold it's gains? Have you been paying attention? It was $1.40 for three straight weeks (the last week of March and the first 2 weeks of April). Now it's held in this $2.40 area for two straight weeks---an increase of over 70%. And by the way, on a related note, this is why it's taken a little "breather" this week--was heading up too fast. This consolidation is much healthier in the long run. The chart now is a thing of beauty!
At this price would make no sense. The shorts made their money already and now can make a lot more on other frothy stocks that have a lot more room to fall. Doubt UNXL can go down much more than maybe .50, if the $50 million revenue estimate is accurate on the new product they just acquired. And from a risk/reward perspective, if UNXL proves itself with the new product, it could easily see $5-$6 in the near future. And as someone mentioned earlier, it's a cheap acquisition candidate now---Kodak may want to try a hostile takeover in the $5-$10 range.
So the selloff in the last hour probably just a technical thing you think? Fundamentally, it's should be sound going forward with $50M in revenue with the Atmel product they acquired.
It was the same heavy volume AH after the Atmel announcement, with a 52-week high. Very similar parallel.
Future still sounds bright. Obviously down in the AH, but the first reaction is not always the right one. After the Atmel merger news, the stock skyrocketed to close to $9 in the AH. The next day it dropped over a buck, and closed today at 4pm about $3 lower than there. So don't assume this is where it will be trading in a few days.
Good post, thanks for responding. I also think people shouldn't assume call will disappoint as this is not an earnings call---completely different animal and I think it will be hard to disappoint (almost any news that comes out this afternoon should be an impetus to buy, assuming it will improve the revenue stream). If they didn't have anything good to announce they would have just waited for the regular quarterly call in 2 weeks.
Who gave me the thumbs-down and why? I was just asking a simple question. I am actually a long (if that matters).
Volume very light---only 36K, so probably doesn't mean anything (just hoping there wasn't a leak about what will be announced tonight).
Have you been following the AH action tonight? It's been trading between 2.87-2.89 for the past 2 hours. People are dying to get in nobody what they have to pay right now.
Well I can tell you that on April 2nd, VLTC was 2.63. The very next trading day (the day after Easter) it closed at $4.43. Just sayin'........
Dude, I think you missed my point. I don't give a rats-as$ if you tout your crap---just saying that you should do it on the board of the stock in question--that is the whole point of each stock having it's own message board.
VGGL happens to be having one of it's best days in it's history, up 33% on an insane 6.2M shares (so far, ad it's only 1pm). Thus, even if people were to pump the other crap, this would be the one day of the year where the focus should be on this incredible move by Viggle. Most of us got very rich today, and we all should be discussing how much further it can run.
Voltari now $14.43, a mere 19 days later. Can you imagine if VGGL goes up another 12 points in similar fashion? Could be a reach, but the 52-week high as someone pointed out for Viggle is close to 20 bucks (seriously).
I just browsed down this first page of the MG and there were posts touting all these other scam stocks:
Now I realize they might not all be scam stocks, but if you are going around to all the other message boards touting them then you have an agenda, and in a lot of cases, most likely getting paid to pump. I never buy anything getting pumped on another board as usually they are one-day (or multi-day) pump and dumps.
The 52-week high is $19.50, so you may want to consider holding on a lot longer than just $8. This is a significant breakout since last week, especially that spike day middle of the week with the insane volume. The "big boys" obviously wanted in real badly!