Let's see, yesterday morning at $10 or so and a 1¢ eps view. Later in day to $12.14 on a 1¢ eps forecast. Last night at 2¢ actual & price $13+. This morning at $14+. All of a sudden analysts see light of $22/share targets or so. I hate this feeling like sheep being led by the Judas Goat.
I'm a seller until next market rumble in GRPN.
I have to say that we want knew people to get into the market, It increases volume and raises price for all of us. Remember the housing market/bubble. We all had to learn and some have to get support to understand the market and certain business practices. If we let our knowledge and egos get in the way of communicating, then we might as well not expect support when buying a new car or looking for a good plumber. So let's help the uninformed get comfortable with the market as they represent new buyers who acting individually add up to making markets vibrant and profitable.
Thank you for the update. People like you who reasonably share info. is what makes for a sensible, friendly environment. So kudos to you as you start your new year. Best of luck. MktMuser
Can one of the financial bloodhounds on NZT share their determination on how to allocate basis in this Chorus distribution/spin-off? I hate to have to reinvent the wheel. Thanks, MktMuser
In this economy, where is laying off 8% of your workforce a positive? It still indicates that you were overstaffed and reflects poorly on management judgment. Losing $12 [even with inflated restructuring costs so you can manage profits down the road] is still not a good thing!
Thanks, I'm following the volume, which after the Thursday price drop of $1.92 or 16%, has stayed in a range of $9.26-$9.84 at the close on 2.0-2.3X 90-day volume. It is being accumulated with today showing another heavy volume. Price is down 27% from 180 day average of $13.44.
Looks like the accumulation will continue as only weak hands are moving now, thus price up from Monday's $9.26 close. Just my 2¢, but supports optimism shown by Pres. on the conf. call.
It's easy to be prescient with 20-20 hindsight. Let's see how your advice pans out over a few days. Me, I will hold, and with your kind of advice, I'm considering buying more.
Thanks Fastbreakex for an insightful post. But seriously, when everyone was looking for a short squeeze, we got a long squeeze instead. So we all learn a lesson that when the big money moves, the retail investor is left holding the bag. Just like Musical Chairs, when the music stops do you have the cahonies to hold tight or will you sell out? Choose the latter and the stock will pop. Choose the former and you'll have to wait till next quarter, or actually be an investor and wait till next year for a L-T Cap Gain. So is this a long-term hold or do you want out?
Where is the SEC and the protection due from the Financial Reform Act? I hate to be so negative, but this is such an obvious manipulation that the SEC should be all over Power-One;s [PWER] manipulation.
Obviously, a perverse response. Shorts manipulation cannot break below resistance level on PWER. I find it hard to believe that there are many sellers at these prices. Manipulation is the name of this game. See ya' all at $16!
As of 11/30/2009:
2.0MM Fidelity Select Potfolios
2.3MM Fidelity Asset Manager
0.6MM Fidelity Advisor Financial Services Fund
0.4MM Fidelity Stock Selector
0.5MM Fkdelity Asset Manager
per top 10 Mutual Funds Holding XIN
Does not confirm 12MM shares, but makes sense in grand scheme of things when you consider that XIN profits way up the last 2 quarters. Price being held down to allow fund accumulation.
Yes, the ADR does = 2 shares of the stock as traded on the Chinese exchange, converted to USA $s. So last 2 quarters EPS were 32¢ and 14¢ on top of first two quarters of 8¢ and 3¢, respectively, anyone seeing a trend here? So add it all up and we are at 57¢-EPS for 2009 selling at $4.04 for a PE of 7. Finally, is it just a coincidence that the symbol XIN is just one letter down from spelling WIN! Pretty symbolic, HUH?
To explain the benefits of a stock split, go rent the movie "The Treasure of the Sierra Madres" by John Huston, starring Humphrey Bogart and the director's father, Walter Huston, who won an Oscar for best supporting actor playing a grizzled, old gold prospector. Taking Humphrey and the other main character played by Tim Holt into the back hills of Mexico, the young and INEXPERIENCED pair want to leave. Now this is the part in the movie that cinches the Oscar for Walter Huston where he dances all over the land on the side of the mountain telling them how dumb they are for standing on top of a gold mine and not even knowing it! Your comments on stock splitting and it effect on the stock price are somewhat akin to what Humphrey and Tim's characters were complaining about. So join me as we dance along the side of this mountain awaiting today's quarterly financial results that should only be buttressed by the initial inroads being made into China.
I am duly impressed with the quality and depth of knowledge of the commentators on the Board. Gives one comfort when I reflect back on holding HTGC when it dipped below $5 and even bought more back then. What I find troubling now is that with both Spa Chakra and IFLG being recapitalized and operated by HTGC, no one seems concerned that there aren't other shoe[s] ready to drop. Though the market is up, the economy's improvement does not seem or feel like a grass roots phenomenon.
Don't get caught-up in just the solid track record of NEOGEN's solid nondebt creating acquition history. This is a well run company that has a development ptogram going with China, who can hopefully be controlled so that they don't steal NEOG's technology. Split will also grab some attention.
I'm waiting till after Sept 14th, when the dividends are distributed. Then the less sophisticated think they've earned their dividend and they can now sell to protect their principal. Of course, they don't understand that the record date was back on August 14th. Usually, there is a downturn in the price, especially if the market gets a little flaky.