At least earnings are around the corner now, probably mid-September. I still feel that they will announce a deal with all that money they have. I see stock heading back towards $6.00. This is also a good time of year for MLNK, usually head up in the Fall-early winter.
BRY will pass the $11.50's on its way to the passport launch, then, $14 into earnings before selling off back to $11-$12. December will be $16-$18. Mark this post!!!!!
What will move this stock up? Announcement of acquisition....they must be close to doing something with all that cash....earnings are still 2 months away. This is boring.
GRPN is one of them. This stock is low, so is ZNGA, SODA. Look at GLUU. It took off after its selloff. These other stocks will also have their day, they just need a catalist. AT worst, you will be sitting in dead money for a few months, but these stocks cannot go any lower
I actually saw the MLNK ticker on CNBC at around 4:10 PM, I thought that there was something up, but no dice. I think that is the first time I have seen the MLNK ticker in years on tv
BBRY is also trading at less than 1X earnings. So are plenty of other stocks, no big deal.
I believe it is a blip. No news release to coincide with last minute trade.It was a good trading day and we closed above 50 dma.
I don't see why not, they have all this money now sitting in the bank, they have to do something with it soon. It has to be the right company bought, profitable and self reliant. I still think once that company is bought, the stock moves higher faster.