220k shares, mostly on the buy-side, and the stock is unchanged. One has to think that at the very least we are eating through major supply. Hopefully the pipeline of deals is robust and that future quarters will show that the turnaround is in place. At a valuation of around 1X revenues there is certainly room on the upside for a company that is back in growth mode..
Miracles do happen. Wouldn't it be nice to wake up to this headline in the morning where your company was acquired at nearly 3X its closing price. ReachLocal to be acquired by Gannett (GCI) for $4.60/share (1.69 +0.09)
Addition to the microcap index didn't help. Endless seller winning the day - does he know something? Hard to believe that seller would be so aggressive - does management have some answers. Long term investors want to know what's happening. Will Xerox reps soon start producing? How is the quarter going? Will last quarter's sales momentum continue? Are we making some progress in the US? Questions, questions, questions???
Yesterday looks like it was a teaser but the Endless Seller showing he is in full control with stock down 6% on less than 2000 shares. Makes one wonder why this company is public. Maybe todays Russell Microcap addition will bring in some buying later in the day.
It is now 3:30 and TISA hasn't traded in over 3 hours. However, is there any doubt that shares will trade right near the close and pressure will be applied to the closing price. Management should really look in to the trading pattern of their stock.
Same pattern every day. Stock moves up on meager volume, seller appears on the offer side pressuring stock lower, hits the meager bids and then unloads several thousand shares at a much lower price. Stock then gradually recovers on light volume but seller makes sure that at the close the stock is at best unchanged but usually off a few cents. If someone has a clue as to how or why this stock is being manipulated in this way I would like to hear their theory. Maybe it is a small time algo trader or someone who is working a large block and knows he always has stock to sell. However, given the number of years this stock has traded like this, this last theory doesn't make much sense. Anyway, Groundhog Day continues
Endless seller like the 600 lb gorilla sits on the offer side of the market always trying to drive the closing stock price down. He acts like he has a printing press.
Pretty much agree. TISA needs to show that new partners like Xerox are producing meaningful new sales. I would like to see some new bank customers and progress with new companies for initial implementations rather than add on products. Of course nothing would help more than the company reporting another strong beat quarter on the revenue number and strong cost cutting leading to a profitable quarter. The ultimate announcement would be the sale of the company at 4 or more [amazing how much our expectations have been diminished]. Anyway, another Groundhog Day it appears.
Looks like the TISA stock manipulator is alive and well unfortunately. It will take some real news of a positive nature or a major stock buyer to convince this algo trader that things have changed at TISA and he is on the wrong side of the trade. Doesn't look like today is the day.
TISA should have the trading in their stock investigated. Today at the close there was a 1.68 bid yet someone sold an odd lot at the bell to give the stock a closing price of 1.65. Someone is obviously manipulating the stock price to make it look even weaker than it really is. This type of trading has been going on for far too long and management needs to address it. Investors are being hurt by this algo market manipulator. Every positive announcement is greeted with selling and this endless seller has been at work for many, many years.
When a stock trades 10k shares a day, a new seller of 5k shares can destroy the stock price. I believe the lack of liquidity in TISA creates an ideal environment for a dedicated algorithm seller to make the stock do whatever the algo wants it to do. There really is no reason for TISA to be a public company but with the damage that Izhak Nakar has done to this company it probably is in the shareholders best interest to hope this management can get us back on the growth curve and then sell out at a much higher price. Still management must prove that the turnaround is real and not slip up/
For many, many years, with brief exception, there has been a very strange trading pattern with TISA stock. It is almost like it has its own algo which tells some account to sell no matter what the news. Yes there will be the exception like the last earnings report but other than that there is always a heavy sell side offer which I have dubbed the endless seller. Hopefully a few good quarters and news announcements will convince the "endless seller" to become the "endless buyer" like what happened to MITK.
Not sure what it will take to generate some excitement in TISA stock but today's mobile banking client shows that things are indeed happening. Keep these wins coming management, eventually the stock will respond. The huge volume after the earnings announcement and the move to around $2.50 shows that investors will eventually respond with a big stock move when they feel that management can consistently deliver. It took awhile for MITK to respond to better numbers but when investors gained confidence the stock quadrupled. Hopefully from this depressed valuation TISA can eventually have a similar move.
Constant sellers, guess it is going to take some major contracts to get investors to believe in the turnaround story. That's what happens when a CEO like Izhak Nakar dupes investors for so many years. The new management team will just have to keep producing to overcome years of skepticism built up by the inept Nakar. However, if they do produce, given the stock's current valuation, there is a great deal of upside. I for one am sticking it out
Feels like if it weren't for the occasional seller, TISA stock wouldn't trade at all. Guess after so many years of ineffective leadership by Izhak Nakar, shareholders and new investors would prefer to wait until they know that a turnaround is indeed happening. With such anemic volume, it would be hard to be an aggressive buyer because there is no getting out should the turnaround not happen. I for one believe that new management, after so many years in the wilderness, has indeed begun the process of growing TISA and that longer term investors will be rewarded with a much higher stock price and ultimately a takeout by a Xerox, SAP, etc.
Though TISA stock has yet to reflect it, things are indeed looking up. The management team has begun to take expense control seriously and the product line has been updated so that TISA can now supply end to end solutions. Orders are beginning to flow and profitability should be reached shortly. The only thing missing is investor confidence that this is indeed happening. More frequent order announcements should bring investors with longer term horizons in as buyers. The current valuation of around 1X revenues represents a true bargain if the turnaround is to be believed and profitability is returning. It would not take much for a valuation closer to 3X revenues to return should management deliver on their promises.
Hopefully management delivers this time