Hi Pappy ... your exuberance is consistent which I like. I only have 3,000 shares ..... but an $18,000.00 payday is very nice for a short term trader (less than a year)!!! I'll take it. GLTA
Volume picking up a bit .... did MM see our posts (LOL) or is here a little (and I mean a little) more interest?
Getting ugly Pappy. The real question is WHY doesn't anyone want to pay $2.95 and why is there no volume? Surely, others aside from you know the cash position of the company and that it reports this month.
In a way you have. This is a great company that, IMHO, I'm looking for $18.00 by year end. However, it is still thinly traded and somehow does get manipulated. I'm confused as to who the sellers are as there is very little float. I've used these days to pick up a few hundred more shares each time it happens.
Pappy ... 75 shares traded. No sellers = correct. No buyers also! A crapshoot which I hope you are correct on.
OK Pappy. I certainly see your logic. I think I'm more of a "patient" trader and am waiting. I see it a bit different than a typical consolidation due to the total lack of volume. Holders not selling ... waiting .. and buyers not interested (yet) or not there until a catalyst occurs. I do completely agree that a very positive catalyst could add $1 - $2 in a short period. I'd pick up more in the $3.15 area.
Another stock like this, but domestic, is PGTI .... more volume but in the same holding pattern waiting an next report.
Pappy ... there is virtually no buying interest .... or selling interest ... at this time. Volume says that clearly. My concern is more no buying interest. All I can see this week is a HOLD pattern until a new catalyst emerges.
Still quite a few sellers @ $3.40 - $3.50. Nothing will happen until another catalyst occurs to bring is some volume. Low volume also means low interest at this point and little accumulation. Long and waiting.
Hi Pappy ... I'm in again # $3.22 ... will add some more if it drops below $3.10. I think you are correct and patience will pay off.
As a trader, this was a great trade to be in @ $2.45 and out @ $3.38. Low volume today is good as there is not a dump going on .... some profit taking which is always fine. Meanwhile I'm looking to re-enter in the $3.10 area. GLTA
VENICE, Fla., Jan. 9, 2014 (GLOBE NEWSWIRE) -- PGT Industries (PGTI), the nation's leading supplier of residential impact-resistant windows and doors, broke ground on a new $15 million glass operations plant on Thursday, January 9, 2014. The 96,000 square foot facility will allow PGT to expand its current glass cutting, tempering and laminating processes and more effectively control the quality of glass being used in its products.
Sentiment: Strong Buy
bigfnfriend .... What date and section in the paper?
I, too, have researched this company and seen their recent growth. I've contacted their IR dept. and am trying to get them to be more aggressive in "getting the good news out" to the financial communication lines. There's a great story here, but not much is known about this company out of Florida.
I look forward to their next report which should be a great catalyst for the PPS and some PR.
I've seen targets of $15 to $20.00. Both look good to me ..... but could surpass that it growth continues. $17 this year would be sweet.
Sentiment: Strong Buy
I am most impressed with the prompt response I received from mu email to PGTI.
I remain long term very bullish on this stock.
Here is the response I received:
Thanks for your email. Prior to May of 2013, we were a 60% majority owned company. Accordingly, our average 30 day volume at the beginning of 2013 was just under 100K/day. Since the secondary offering in May, in which JLL began to reduce their position, through yesterday where we announced that JLL has completed their exit, the volume has increased to over 400K/day currently (as high as 800K in the beginning of July).
We remain a somewhat volatile stock, even with the increase in volume, due to the industry we are in and the macro economic factors that influence our stock price including: housing start data, interest rates, and employment. Many of our fellow public companies in our industry have also experienced similar volatility. We have talked to many new shareholders this year who, like you mentioned in your email, believe in the long term story of the Company. We cannot control, however, the short term holders and their actions.
We are currently working on increasing our communication to the public, and recognize that this is an important part of being a public company who is not majority owned. These communications will cover many areas, besides financials, so that the nation knows who we are and what we are doing.
Hope this answers your question.
Vice President and Controller
PGT Industries, Inc.
Sentiment: Strong Buy