Yesterday there were 32.232 shorts,27.8% of the total volume and it still ended up for the day. Either the shorts were buying more than selling or there are some determined buyers. It's good news if ALLT already used the allotted 15 mil to buy stock
Would get more of a positive response if money was attached to that 50% subscriber increase in WebSafe Personal and Business products PR
Today the total volume was 280,559 and included three trades of 50,000 each at 3:28,29 and 30 PM. There were 21,114 short trades among the other 130,000 shares traded, 16.2%.
The daily short volume in the last month has usually been about 10% of the volume, like today, or less and ALLT has only 300,100 shorts as of May 1, more than 100,000 less than 0n April 1. Shorts are buying more than they are selling and ALLT has the fewest shorts they ever had.
PK,maybe the chairman suggested you talk to the CFO because he is holding the money allotted for the buyback. Today's action may mean they are buying s unless there is some news. At PKT they had 100 mil in cash but didn't have any buyback.
PK,you made similar statements on PKT. Did you have anything to do with the takeover of PKT or the activists ?
I know you also were always complaining about the management and had some contact with some of them.
I don't remember how high the ratio of cash to market cap got on PKT but right now on ALLT it's 77%. They must have a strong poison n pill preventing a takeover.The value of the company is now at 36 million.
PK, they may have purchased some stock in April on the 26 and 27 day.If they don't show some buying in the next two months we can expect another bad quarter. Wouldn't make sense for them to buy in the last quarter knowing it's going to be a loser. Congratulation on your successful call and trading on this stock
Since they knew they were going to have a loss why buy the stock? They now have 14 million available.
About 500,000 shares were purchased in this area in large blocks on April 26 and 27 and unless ALLT used up the 15 million allotted for buying can't we expect more buying in this area especially if they report meeting their estimate tomorrow.
Guess we can"t put much significance on that up move of 23 cents last Thursday on 44000 share volume. Since then it's gone down 24 cents on the same volume.
Wait until after the report Tuesday. There is enough up action to have me believe the insiders know something and are acting on it.
Yesterday a 250,000 block dropped to 5.28. Today, three blocks totaling 250,000 went at 5.30. Assuming ALLT is the buyer they can buy back 2,830,000 shares, in this area, with the 15 million allotted to buying back stock.
I got in at 5.7 and bought down to 4.87 and always done well when stock is listed as"extremely bearish", no confidence in the management and has cash of over 60% of the market cap and no debt. Remember PKT. Can't evaluate their products with very limited tech knowledge but will hold on until someone like Cisco takes over or it moves up on it's own .