I've seen worse reasons/excuses for buying. No harm in riding the wave. If you're a trader, you know the risks. If you're an investor, then you will likely take a more measured/intelligent/informed approach to buying a stock.
I have seen stocks move like CNAT over the past few days. Many have gone up; some in ridiculous fashion. Many have gone down: some in ridiculous fashion.
Relatively low float on CNAT, so this kind of pps action is common. Add in the fact that it's a "biotech" and that can make things that much more dramatic.
I agree with those who think the stock is going to move higher, based on several factors. "Someone knowing something" is not really among those factors. I have seen the "buy the rumor, sell the news" allegory hundreds of times over the years. I believe there are rumors (some founded, some not) swirling about CNAT.
It also appears that you have provided proof for traders that they should be buying and selling right now based on evidence from the recent past.
Looks like VPER has the big runs!
Collier County deal is with Apollo. VPER has something to do with Apollo, but nobody can provide any specifics on it. How specifically does an Apollo deal (big or small) directly affect VPER and VPER shareholders?
Nobody seems to consider the fact that anything that is done is done by Apollo. Sure, VPER owns SOME portion (anyone care to clarify that with real evidence?), but how does any revenue generated by Apollo affect VPER? It's POSSIBLE that VPER would be entitled to an amount of Apollo profits equivalent to their percentage ownership in Apollo, but nobody knows how much that is. Nobody knows if that's exactly how things would work, and those profits wouldn't fall right to VPER's bottom line anyway, because they have to pay for their overhead, which as far as I know is just salaries for whoever works there. Nothing left for shareholders. I don't understand why people are so worked up over anything Apollo does.
I dumped for taxes at the end of 2015. What the hell is going on with SMTC? Has it bottomed?
This appears to be ramping up to something. I think the guys at Blackrock just said "if we can't double our money in a few months, just buy the whole company. We'll dress it up and sell it for 10x in 2 years."
puestapete is correct. Everybody makes a bad call now and then. At first glance on earnings, you made a great call, but after digesting earnings, the telematics sale, and listening to the CC, it looks like they are moving rapidly in the right direction.
If Portney is going sell to somebody (i.e. get beat), I'd think Blackrock would be one of the top suitors. Whether they buy the whole thing or just flip the stock, they obviously like the up side. HOPEFULLY this gets interesting in a profitable way for shareholders.