Do you know when the earnings report is coming out? I know I'm lazy. Be nice if it can recover today and close up again
Lack of interest is fine with me. For now it's mostly insiders driving the share price, with most small investors not knowing anything about Surge. Reminds me of Chenier Energy|(symbol LNG) and other natural gas big gainers before they rose 400%. Surge just announced the 5 cent dividend for shareholders due to in mid August, so another 7 or 8% dividend check. I've been reinvesting the dividend as shares and the added shares are starting to make a difference. I think the only obstacle in front of Surge are the environmentalists who oppose all forms of oil and gas. But I think the environmentalists will lose on this one and Surge will continue to rise towards $8 this summer
Surge is surging again today. And just announced the 5 cents per share dividend again for August, which is about a 7 or 8% dividend.
DB bought at $23. He's a coin collector, but his advice here on when to buy and sell has been awful.Think for yourself and do your own research, but always be careful with companies who have insiders that sell on good news. The company appears to be doing very well and should have some fund managers buying in now that it's back in the Russell 2000, but it's hard to expect fund managers to buy in when the insiders continue selling. Even June 30th another insider sell a bit, which followed the large insider sale from June 23rd and the flurry earlier in the month and in May.
I've held my original shares from the $14 level from about a year ago, but it's hard to recommend adding more shares of CLCT due to the continued heavy insider selling.
He ruined this board by flagging all posts that raised anything negative about CLCT and asking Yahoo to take the posts down. Yahoo is pathetic and removes any post that bothers anyone. So when I pointed out that CLCT had major insider selling the past 6 weeks, he flags these posts and has them removed. He's a coin collector and thinks this is a giddy coin collectors chat room, when it's a stock message board that should be used for pointing out positives AND negatives. Okay dbtuner, now go ahead and remove these posts, but realize you've ruined this board
The Russell rebalance is laughable. Most of the stocks added to the Russell 2000 went up as most stocks do when added to an index. Unfortunately the insiders at CLCT continue to choose to sell on good news,which really sucks. It was the heavy insider selling that led to the heavy shorting of the stock that caused the correction from $23 down to $19.50. And maybe there are some funds manipulating it down in advance of buying or maybe there is bad news that only insiders know about. For now only the insiders know and none of us are insiders including dbtuner
At the $22 level I was warning people here that the heavy insider selling was killing share price and getting the short players to hammer the stock. But Dbtuner had nothing better to do than to tell me I'm wrong and to tell Yahoo to remove my posts. Incredible that Yahoo would remove someone's posts who warns people about heavy insider selling. The day after dbtuner told me insider selling makes no difference; another insider dumped 25,000 more shares and the stock tanked another 6%. I've watched so many day traders and clients like dbtuner lose all their money and it's always when their ego's exceed their wallets. From here who knows where CLCT goes, but it's always a major red flag when insiders sell heavy on good news
The stock would have been $25+ on the Russell 2000 news if the insider selling had stopped their heavy selling, but they continued right on into June and into last week. There's no way of knowing why the stock had massive total volume Friday(840,000 shares on Friday compared to their average of just 48,000). Possibly some fund managers were buying as some large investors were selling or maybe there's some bad news that the general public doesn't know yet.
Nice big bump higher today after some profit taking last week. This stock has been great and has the potential to be an absolutely huge winner this year and onward
The price didn't rise $1.20 because there were a lot more sell orders than buy orders. Pretty simplistic but that's how the stock market works. Have a nice weekend.
700,000 shares were not bought today. Over 800,000 shares were traded and the stock took a heavy drop,so the majority of the 800,000 shares traded were sell orders
I know more than you realize and the warnings I tried posting were accurate. This is a
Yahoo finance stock message board, so you shouldn't be asking Yahoo to take down posts that disagree with you. You should respect all views and regardless if you agree.
Here's Stocks 101. Insider selling almost always hurts share price and 161,205 insider sales in 6 weeks of a very lightly traded stock is a big number and attracts short players. The number is 161,205 whether you want to argue about how you define a few thousand of the shares. It's been heavy selling with another 26,000 this past week.
Insider selling also discourages fund managers and other investors. Now maybe some fund managers want to buy in and want to first manipulate the price lower so they can buy at a better price. That would be the optimistic view. Or maybe the heavy insider selling is simply knocking down price and bringing in more short players with no big players looking to buy in. That's the pessimistic view. We'll see how next week goes.
What happened was more insider selling. Yahoo Finance shows that there's been another 26,000 shares sold this past week by another insider. I tried warning people here that the heavy insider selling was killing share price, but every post I wrote regarding the insider selling got taken down. I would suggest that people here take notice of the 160,000+insider shares that have been sold the past 6 weeks, and that people understand that this is why the stock is at$20 instead of $25. Insider selling attracts short players and the combo of insider selling and short players bring a stock down and also discourage fund managers and other investors from buying the stock. The insiders of this company are greatly holding back share price.
The insider selling of this stock continues to kill share price. According to Yahoo Finance insider transactions, in the past 6 weeks alone, this lightly traded stock has seen 161,205 insider shares sold.
I tried posting about the heavy insider selling, but Yahoo took my posts down???
Why would Yahoo prevent users from warning others about heavy insider selling???
The stock has a nice dividend and has done okay, but the insider selling has killed the stock's potential. And now this past week another insider sells another 25,000 shares. The excellent news of the past 2 months and the addition to the Russell 2000 should have brought the stock to $25+, but instead the insiders caused another 10% haircut and brought the stock back down to $20 range.
You liked it better when you could post anything you want and never be called upon anything. Unfortunately for you, this is a stock message board that's open to all member of Yahoo and some members and holders of this stock might actually like to see more than just positives and hype. The 120,000 insider shares sold the past 6 weeks is why CLCT isn't above $25 and if the insiders continue to sell every time the stock has a 10% rise, then the share price will continue to be hurt.
Analysts often shy away from covering lightly traded stocks that get hit with heavy insider trading that follow every bit of good news. The 120,000 insider selling shares that were sold the past 6 weeks is what caused the recent 10% sell off. The stock should have risen to $25, but instead dropped back down to $20 due to the insider selling. CLCT remains a nice hold with it's growth and 6.5% dividend, but the heavy insider selling greatly limits it's share price and discourages a lot of investors
Of course the short interest is up. Insiders have sold 120,000 shares of CLCT in the last 6 weeks, which attracted short players and scared off buyers. So instead of the stock moving up to $25, the stock falls back down to $20.
Again, sorry you made a bad buy. In case you forgot; the title of this thread which you started indicates you made a bad buy at $23 range: "mental note to self: be more disciplined with buying"
For a split second you actually stopped trying to impress people and showed some humility. That quickly ended when I called you out on some of your inaccurate facts and posted that the heavy insider selling helped lead to heavy shorting and that both factors caused the stock price to drop.
The 120,000 shares you said insiders sold the past 6 months was wrong. It was actually 120,000 insider shares sold the past 6 weeks. The insiders selling and the added short positions helped bring the stock down 10% to $20, when it should have risen 10% towards $25
You have no idea of who I am so stop with the silly outbursts