Grabbed all I could in the 16's. A reversal like yesterday/today on volume can only mean one thing.
MOVE will take out its recent high in the next few days. Thats what it has been doing all year.
Revenue is accelerating and they are gaining significant makret share in chunks from TRLA and Z.
Both of which are showing revenue is slowing down.
The MLS's are cutting the chord from Z and TRLA this is sign of good things to come pps wise in 2014.
Yes, this is the report that will make analysts pay attention. The knock on MOVE has been that they can't grow revenue like the newer companies in the space .
Great numbers, smart convertible they did this quarter, and numbers are acceleratng.
I would think from a stock price perpective we should trade higher this quarter and maybe push up toward 20. There should be a huge ramp once we get through January and people eye up the next spring selling season maybe 25 to 30 range by summer.
Bustiing out on light volume...if a volume surge comes in today or next week we will head to 18.00 as shorts scramble and longs scramble that have not pulled the trigger quickly enough.
On 6/30/2013 they reported 1.1 Million shares owned...they just filed an SC13G that they own 4 Million shares....now wonder the float is being sucked up so dramatically now.
Investopedia explains 'Schedule 13G'
To be able to file a 13G instead of a 13D, the party must own between 5% and 20% in the company. It must also be clearly understood that the party acquiring the stake in the company is only a passive investor, and does not intend to exert control. If these criteria are not met, and if the size in the stake exceeds 20%, a 13D must be filed.
Nice test of the 20 day average. Looks like the shorts attempted to take it down but it has bounced quite nicely from the 15.70 level. My guess is that if the stock breaks 17.25 people that were shorting on the government default will have to cover.
Looks like MOVE wants to take a shot at it's 12 year high...lot of air up there after maybe a pause around 17.50-17.75. GL haters, MOVE is well positioned to go higher with the multi-year housing trend in front of us.