We had a drop on higher volume yesterday. But if you check the 5 day Yahoo candle chart and the one day chart, every time it went down, it was on light volume and EVERY time it went up it was on high volume. All candles that are long and white are on volume. ALL drops are short candles on light volume.
Pretty amazing, in fact.
This supports the idea that accumulation may be what's happening. It takes time for these big players, who believe in the company's future, to get their full position. And it's still possibly going on, even after recent big gains in valuation. That would bode well.
Add $3 a share or so,imo, if favorable. It dropped by much more than that when the lawsuit was announced as I recall. The Enterprise value of Mitek was cut in half -at least.
any time the stock moves up ...
There has always been some reaction to the new high- in terms of profit taking, shakeout, whatever. Whatever low is produced has always been retested at least once if not thrice. This happens even though the CC and results are great. And they were very good this time again.
Sometimes the stock trades momentarily "crazy low " -below it's 200dma but once these lows are "in " it just goes on to a new high. Just takes time... see what it does this time, if anything, to fake us out.
Hopefully big volume buyers pounce again.
...and today, Yahoo finally updates the information I posted. Check the institutional interest. THIS is what will drive the stock price higher for a while-imo. Remember GTT was left for dead. But it's VERY much alive and well. So institutions need to address that.
If you missed it on the quick take-off, now's your chance!
$7.50 is only 50 Miles up the road and Mitek's not taking any time for grits right now.IMO.
Taking a good product that works well, that everyone seems to like and making it work better.
Gee, wonder why USAA hasn't done the same?????
Something fishy about their entire lawsuit!!
No real head to head competition in 3-4 years.
Now, with 3-4 million per Q starting to come in and and Ellen Degenerous doing skits about it Mitek owns the market pretty much solely.
Commenting on recent acquisition , Calder said:
GTT will leverage this increased exposure to take on bigger
competitors by promoting its service proposition of simplicity, speed,
agility and global delivery. “We are going to supercharge our 50
strong global sales force to continue to grow our business
organically,” says Calder. GTT’s customer targets: medium and large
scale enterprises as well as carrier accounts.
Chalk one up for organic growth!
I know how it must feel. The chart is a disaster for anyone short.
But, you can always grasp at straws.
A start up company may find itself with a negative balance because it takes time and resources to generate steady profits.
Management has raised money based on expectations that the products will sell into a multi- billion market.
The negative earnings could be a tax "shelter" as earnings do come in. That is, if the products are marketed and received successfully. That helps with earnings and cash flows that may come.
The company represents a highly speculative opportunity for investors in the stock. Returns could be enormous if it pans out.
It may take a long time before positive earnings come. But if and when it develops into a profit making company, it becomes valuable, so the stock becomes valuable. This is based on future cash flows expected.
So the stock could rise long before it is sold as a profitable company. or it could rise long before it becomes profitable and is not sold. if the market perceives suddenly that the company will NOT be successful in bringing products to market, it would drop under 10 cents rapidly.
Keep in mind this is not their first successful medical company.
The more cloud computing there is ,the more you need a network to deliver cloud computing...
Article by CISCO, "Networking and Cloud: An Era of Change", says:
The network is fundamental to cloud computing. However, networks have to change for the cloud.
...how you do these things has to change:
• Network architecture needs to be flexible, instead of being a static stumbling block
• Network services need to be location independent: delivered wherever data, applications, and users are and whenever the services are needed
• Network resources need to be abstracted so that provisioning can be automated and actions orchestrated through common interfaces
So GTT has been building this type of network for years. It's about the most interconnects and fastest in the world.
msn money has this
INSTITUTION NAME SHS HELD SHS CHG %CHG $CHG* %OUT %PORT RPT DATE
Cannell Capital LLC 3,455,296 3,455,296 NA 18,486,000 15.03 8.97 09-30-13
Spitfire Capital LLC 1,147,733 128,513 12.61 359,836 6 NA 12-31-12
J.p. Marvel Investment 956,265 0 0 0 4.16 1.98 09-30-13
Royce & Associates, LLC 219,360 219,360 NA 1,174,000 0.95 0 09-30-13
Williams Jones & Assoc. 217,927 0 0 0 0.95 0.06 09-30-13
Goldman, Sachs & Co. 59,704 59,704 NA 319,000 0.26 0 09-30-13
Columbia Management 41,325 41,325 NA 221,000 0.18 0 09-30-13
Dialectic Capital 20,000 20,000 NA 106,000 0.09 0.02 09-30-13
Morgan Stanley & Co Inc 18,984 18,984 NA 102,000 0.08 0 09-30-13
Wasatch Advisors Inc. 3,200 3,200 NA 17,120 0.01 0.01 09-30-13
Merrill Lynch & Co Inc 2,500 2,500 NA 13,000 0.01 0 09-30-13
Citigroup Inc 1 1 NA 5 0 0 09-30-13
GTT posted higher revenues and EBITDA today, boosted by a full quarter’s contribution from the former Tinet network that it bought from Inteliquent earlier this year. In addition, the company suggested further acquisitions might be on the road ahead as part of an aggressive growth plan.
GTT posted $45.1M in revenue for the quarter, up 59% sequentially due mostly to the acquired IP and Ethernet revenues. Meanwhile, adjusted EBITDA rose to $7.6M, more than double last quarter’s $3.7M and moving their margins up to nearly 17%. Aside from non-cash items, loss per share was $0.04.
A few weeks back the company refinanced its debt, cutting off 250 basis points, and the integration is apparently largely complete. Along with their higher stock price, they definitely seem to be ready for further inorganic opportunities. Their stated goal is $400M in annualized revenue and $100M in adjusted EBITDA.
So what might GTT buy to go with the PacketExchange (2011), nLayer (2012), and Tinet (2013) assets? I’d have to guess they’d be looking at further scale in the IP/Ethernet space. But other than perhaps Hurricane Electric there aren’t really that many assets with the IP revenue or traffic scale in the neighborhood of Tinet that are within their reach.
So perhaps we’d be talking more about something more focused on the managed MPLS/Ethernet space targeting cloud connectivity, where there are more options. Hmmm…
Going down? Up is the new down? This stock is firmly in an uptrend.
It'll get overbought and pull back but then it'll just go higher. Unless I'm amazed and dumbfounded and future revs over next 16 Q's or so are lackluster and don't show formidable growth.
Click Yahoo "analysts estimates". If I'm reading this right, we have estimate upped from losing 4 cents to break even. He's been way off before but he's upping some future Q estimates. That's always a good thing. All these recent purchases yet break even ??-- sounds good to me!
Note to bullit_freerider : fiberfull post on bwen
Looking over the transcript of CC, it's a completely different ballgame coming forth.
It's a lot to take in- a lot of transformation going on with ORBC . Even the industry standards, which they are at the forefront- with their new partnerships- to make more uniform- less hodg podge... they are defining what M2M will be in the future. The future looks big to me.
So many deals. And the OG2!
The new opportunities due to the (successful sounding) M&A- it's almost boggling!
For me, it's too much to get into the details of these breath taking changes. The scope and size!! Of all the stocks I own, I must say this is the least I probably understand but bottom line, I'm left with a feeling of wanting to ride this one into orbit.
If a company were to go from a $3- $6 range to a $25 trading range these would be the kinds of transformations that would be taking place. So, yes. I'm looking for big things. The ground work is laid down for this ORBC to be real 2014 and 2015 mover, imo. A good place to be.
Just looking at the reefer (refrigerated container market:
"Maersk Container Industry: The slump is over
The demand for reefer containers is predicted to grow as new parts of
the world emerge as potential markets..
In May 2014, MCI expects to open its new container factory in Chile,
which in 2-3 years will start to send 40,000 new containers out into
the market every year. Along with its facilities in China, Maersk
Container Industry will soon be able to produce 80,000 new containers a
Hard to understand?
It's called a trend.
Look at the max term chart.
Since early '09, ORBC makes a run, gets a bit ahead of itself (as chart watcher aptly says), pulls back and goes higher. Nothing but the same old pattern for ORBC.
If it DIDN"T make a run and there WAS no pullback before going on ANOTHER run- THAT might be hard to understand.
Even God rested on the 7th day.
How easy do we want the stock market to be? A straight uninterrupted line -as long as the news is good? It'll never happen.
At some point it could get so far ahead of itself that something more long term than a quick pullback would be required. But it doesn't look that way to me.
Except for a few pockets here and there, there is no overhead resistance, till $18.