Gee, I don't know...
It's already trading way below Book Value, and at only 3 times cash on hand.
It sure wasn't over-valued before the news. It still dropped almost 7% the day after.
You want more? Go find a company where the street didn't already expect bad news. We've gotten used to it around here.
So you're saying to put two "control freaks" together and you'll get a positive outcome? I'm not so sure...
That's without even considering the past and current friction between these two particular companies.
So, a Blum partner gets on the board Friday, and that doesn't budge the price Mon and Tue.
It's up >7% in the last two days on no other news.
Anyone have ideas why?
> Please tell us the other version !
The other version merely includes what happened before everything you just dredged up from the distant past. Your reason for the "wicked man" to do what he did just doesn't make sense. Your cause-and-effect for this being why he was "thrown out" doesn't match the timeline, either.
I'm sorry, but I don't remember how much of what happened became public knowledge. It may sound convenient, and you may blast me for not "telling all". I'm just not comfortable providing details since I worked at Avid at the time and might say something I shouldn't.
There are wicked men, and those willing to play hardball.
That's a pretty good tale.
I'll just say that many people remember the sequence of events a little differently than how you described them.
The end result is, of course, much the same...
Actually, I believe it's an "above the line" deduction. That means anyone who qualifies (bought a brand new hybrid) gets to take the deduction, whether they itemize or not.
Avid did make an attempt to put Media Composer on the SGI platform. The product was to be called Avid Media Fusion, and handled uncompressed video (may have been dual stream).
You are almost correct, because it was part of Media Spectrum. You are correct that it never worked out. But, these were not only for the Onyx. They ran quite nicely on the Indigo boxes.
No, $8.85 (31-Jul-01) is still the all-time closing low.
The all-time intraday low was $8.70, on 2-Aug-01.
The previous all-time intraday (and closing) low for AVID was indeed $9.00. Back then, it was really close to book value, and the company seemed to be in worse shape. Now, it's not so "bad", with book value down around $5.
Well, there goes my "following the Nasdaq"
So, how low does AVID have to go before it gets
pumped up again? Whatever the reason was for that runup
to 25 just over a month ago, I'd really like to see
it kick in again, soon!
Actually, from what I've been told by others in
the past, going up on small volume is the good sign.
When there's large volume buying, the price will
pretty much go up no matter what. When the price goes up
on small volume, that means that people are very
willing to pay more for the stock.
Here are my
thoughts, and I'm no guru. This is coming from looking at a
3-month chart of AVID and the Nasdaq, plus my
Back around Feb 28, AVID was around $15/sh and the
Nasdaq was at ~4600. AVID volume picked way up and the
Nasdaq began its rise to 5000+. There was no real AVID
news at all until Mar 13 when the upgrade came out. At
that point, AVID volume dropped back down to normal,
the Nasdaq started its rapid descent back to 4600,
and AVID also dropped. It's been a pretty close race
between the Nasdaq and AVID since then.
at this point, the Nasdaq is under 3900 and AVID is
at (ouch) $15 9/16. So, compared to Feb 28, the
Nasdaq is well below what it was then, and AVID is
slightly above what it was then. I think that's due to all
those who drove AVID's price up while getting in before
the upgrade (how'd they do that?). This all happened
without any major news coming out about AVID and while we
are all still waiting for the first quarter
This is still a turnaround play (again), and I don't
see major money getting in until there are real signs
of a turnaround. That requires positive results
(mostly increased revenues), and that hasn't happened
I'm glad AVID's at 15 and change instead of 10 and
change. I'm also hoping I get to see AVID at 45 again
before I die, or give up and sell.
AVID does seem to be tracking the Nasdaq for the last week or so, though.
are a couple of charts to look
It's pretty exaggerated, and I've hardly ever seen AVID track the Nasdaq this closely
before, but it does seem to be happening now.
The other noticeable trend is that when
volume's up, AVID rises and when volume's down, AVID falls.
I'm confused by the recent activity in
after-hours on AVID stock. Could one of you more experienced
traders let me know what's going on here?
nice end-of-day runup today to 14 3/4 (yeah!), the bid
and ask stand at 12 3/8 and 16! This sort of thing
has been going on for the past 4 or 5 days, and I'm
really curious about it. I think I even saw an
after-hours _trade_ at 16 the other day.
it's been active and volatile lately, but that kind of
bid/ask spread is just ludicrous.
money in the market!
That $60 is _after_ the 2-for-1 split. Looking at the
chart, it looks like PG had bin above $120 for about six
months when it split.
You can get this every quarter in the investor
relations section of Avid's web
They say it's available starting
at 8pm (I assume ET) tonight.
Looking at the recent upswing on no
news, I've figured out a new investment
In the past it often seems that if I buy a stock, it
immediately goes down and if I sell one, it immediately goes
up (nothing new to you, I'm sure).
recent past in mind, I've decided that if I want one of
my holdings to go up, I'm going to _consider_