Agreed. It looks like a rope a dope scheme as the big volume shows up at the end of the day waiting for the price to gain during the day only to be sold off in the last minutes. This is going under a dollar very soon imho on its own and for sure when the lack of earnings is reported next month. News or revenue will change that but right now silence means pennies. Imho ASTC knows this and will not buyback for a dollar what they can buy for change. Maybe ASTC will support the dollar share price area but right now that does not appear the case.
I was waiting for the sell pressure to continue and lunch time is a good time to see it. There is also the end of the day high volume selloff which yesterday shaved off about $0.07 from the sp. Let's see what happens during the last trading hour today. IMHO it is going to continue until some income shows up. BTW almost 2/3 of the value is gone now since July and not a peep from IR!
Way to go Pickens, dam m near 67% value gone now and no end in sight. Why have a "for investor" tab on your website when you NEVER hear anything from them. Also Astral Images is a total bust. Companies that do not turn a profit FAIL! Is below a dollar back in play now? If the buck 30 cents range is gone I will be closing out my position before the pennies. I am just soo happy I dumped 1/2 when the ASO sale happend as the only hope here now is that government contrac,t a #$%$ shoot at best. Huge volume dumping now with no end in sight!
Don't care about Pickens but the common's misery will be over!
Looks like I am spot on about this w/r to right now today "any rise is met with big volume dumping"
You are right though "if nothing changes, nothing changes." except down the share price will keep going.
Since March say @$3.00 per share to closing in on a buck and a half ($1.50) a share now half the value is gone. Pickens doesn't understand or more likely give a spit that a publicly traded company needs to be profitable eventually. All the speculation here won't stop the decline anymore as any rise is met with big volume dumping. TURN a damm profit or go private as the common shareholders will be left holding the bag if this keeps up!
With todays plunge ASTC now has lost 25% of its value since the start of the month and 50% since July on better than average volume. Not a peep from IR as usual and so much for the buy back I do not see happening. Pickens had perfect timing when he dumped that quarter million shares for $3.20. The only reason to hold anymore is the shot of a government contract. If there are no more sales of 1stDetect than that contract imho it will not be enough to support this ticker or the reason to hold. The silence of IR is deafining and is doing NOTHING for investor confidence. SSDD!
SSDD! Someone wants out and the dumping continues. I tend to agree wth @pa1702 the 2's will be gone by the end of September. This might be it for me as well! Over 10 years here and watching the gains I have left vaporize. I am just so happy I unloaded 1/2 my original position when the sale of ASO was announced. I added a little back @2.40 which unless something changes looks to be history. Damm shame!
I added some shares last October @2.35 and did not look back until now. This nosedive has yet to bottom and without any profit there is no reason for it to. The only real iron in the fire is First Detect and the lack of any news of sales just the shot at a government contract appears not enough now. Been in this ticker a long time but the ice is getting dam thin. ASTC has lost about 1/3 of its value in a months time now. With the market in a downtrend how low will she go?