The trading volume has been massive.
According to my trading software, it is almost up to 9 million shares traded for the month of August.
Today is the highest trading volume level of the entire move, beating the 830,124 posted on Tuesday August 5th. Recall the earnings came out on Thursday 7/31 after the close.
The volume seems much more massive than it should be as a result of the earnings report; I can't help but wonder if something more might be afoot.
The lack of posting activity on this board is also weird. One would think that with this amount of trading volume, the amount of posting here would have exploded. It has not. Why would that be the case?
I would also mention that as of yesterday, Red Oak had sold almost their entire position.
Also, CEO Perkel unloaded 85,000 shares under $4, bringing his stake down to a bit over 800,000 shares.
The price has spiked about 50 cents in not very long here and the price is testing the high put in back at the end of July after the initial activist events and company announcements were made.
It is an auspicious sign, coming out of nowhere as it is.
Well, its easy to think it is big time insider buying but they look like zero cost stock grants to executives and not open market purchases.
I'm going to hazard a guess that we see a $0.085/share monthly payout established with the late-September or late-October dividend declaration, to signal good things coming in the earnings report.
That would be an increase from $1.00/share annual rate to $1.02/share annual rate.
Just a guess.
Re-read his resume.
He has a fair amount of relevant experience.
Of course, nobody has alot of experience growing algae, but fresh herbs are pretty close.
None of Iraq's oil is produced anywhere it could get flooded.
The dollar is strong; oil prices are weak. Lots of supply means prices will stay relatively weak.
Our mass notification system in NJ (northern, western) is the firehouse alarm which is basically an air raid siren from (I imagine) the 40s.
The vols and EMTs all get text messaged their info.
Well, let me start out by saying that Jenkins was always my favorite Ferguson. Cubs fans will like taht one, too.
However, last night I was watching the post 11 pm (eastern time) coverage of the Ferguson MO events on Fix news Channel.
I was astonished to see a HUGE, i mean MASSIVE, set of video walls in the studio being used by the
anchor Shephard Smith. They were easily 10 feet or more high, though there was about a 1 foot space off the floor on the bottom.
From left to right, it had to be close to 50 feet long. With a static display in the center, it was effectively divided in half with a different camera feed shown on each. The "tiled" nature of the display was notable on a closeup, but nearly invisible with a view from further away. it is hard to imagine it was a product other than PLNR's and its was extraordinarily dramatic.
I can't see local TV stations going this way, and I don;t know if CNN and MSNBC have the same thing, but it was remarkable.
PLNR in the 4s. Who would have thunk THAT?
Nice to see LRAD continue the uptrend today, and the volume remains
remarkably heavy. I've only caught a small piece of this move, as I was distracted by my large position
in PLNR, which has had an equally amazing run on equally heavy sustained volume.
1) Debt/Tabgible Capital is probably twice the 20% level since tangible equity is only about half of stated equity...though that math is not precise.
2) If the tangible capital is around $9-$10 a share, the stock should not sell below that level for long if it remains profitable. If it does, then share repurchases will accelerate growth in tangible book value.
3) Don't discount the impact of Operation Chokepoint; this is something that I probably did not take enough into consideration when I initially bought a starter position here. Since it hasn't shown me a profit, I have not added to that starter position. Operation Chokepoint? Check out what happened to Corinthian College (COCO) when Obummer's federales cut off their oxygen supply.
I'd like to see the Q3 earnings before I consider adding here, but the stock is too cheap to sell.
So you've sold 8,600 of about a 19,000 share position on the way up. Nice!
The way to look at it is this: Calculate the total amount you spent accumulating shares, then calculate the total amount you have generated selling shares. Divide that by the number of shares remaining. That's you're cost. if your advisor is smart, he'll have you sell enough share so that you have taken ALL of your cap[ital out and you are on a "free ride."
Well, we had a breakout to new highs today with a close near the high.
The move follows a consolidation of less than two weeks following the initial "blast-off."
The volume confirmation of the new high is quite encouraging.
If you are willing to discount 30 cents of forward earnings at 15x, a $4.50 price is readily achievable.
Given the momentum of the share price and the fact that stocks typically overshoot on both the upside and downside, a trade above $5 seems not inconceivable.
Now, I realize that this is a grotesque level of "optimism" bordering on "euphoria" and I don't want to be a "jinx" but I should tell you all that I sold an appropriate portion of my position in the upper threes after having loaded up in the low 2s. As a result, since I did lighten up so much, it is possible that this goes much further!
Also, I heard that a flying pig was cited above the skies of London this afternoon.
I was short a bunch of the 10 puts across a few accounts.
I covered in a couple of the small accounts where I didn't want to tolerate delivery, but only paid 5 cents per contract with no commission.
In a couple of the bigger accounts, I just let them expire.
The Sep 10 puts look pretty juicy at a 45cent/55cent bid/ask spread.
If you are willing to take share in at around $9.50, you can get paid for being willing to do it.