Here is the link
Very interesting. If they are really in the top 2 suppliers of these parts , then they have some pricing power behind them. RAISE PRICES A LITTLE!
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So where does that put the small investor? Since these entities own well over 50% of the stock, could they not force a stock buyback at $5+. I would not be too happy with less than $8.5, since that is my effective buy-in. They only have to purchase a few remaining small investor shares to literally own the entire company. How would a buy out take place and what would be offered to people after the stock has been around $5 for the last year. Are there other examples of such a deal controlled by similar firms?
It's only 2,000 shares but it is an indicator.
That was probably a trade outside of the normal bid/ask but externally agreed upon by the two traders. If you tried to buy or sell a 100k block of shares without an arrangement, the stock price would probably move up or down a full point or more on a market order.
There is so little volume, a 100 share trade this morning dropped the stock $0.05. A 1% drop in the stock price on almost no shares because of the thinly traded situations arising every day. Almost every day starts with a drop like this and it's up to someone to step in and "catch" the falling knife. A drop like this can put "stop loss" trades into the exchange and cause much further downside. Unfortunately, there are not enough traders on this stock to eliminate the volatility. This stock has been bouncing above and below $5 for the last 6 months even though the company appears to be getting some solid footing on their revenue, profits, and costs. Patience and covered call writing in the meantime.
I agree; This stock is being "played". Patience, time will tell. Dramatic moves can be caused by relatively small volume days. This could be the "calm before the storm".
there had not been an SEC investigation? Let's see; growing company, $1 profits annualy, Even with a P/E of 20, the stock would be at $20. With the growth they are expecting, maybe $30-$40/share.
MX guided to lower numbers and I do not expect them to meet their lowered estimates. This is a longer term stock play. The months ahead should start showing some improvement. Stock experts are all over the map on the furture stock price: from $5-$22!
The new Apple Iphone will be using a very efficient and colorful AmoLed display to allow long battery life with constant, low pixel-count display, allowing a clock face to be displayed without draining the battery. It is still a rumor at this point but Samsung has already switched and I do not think Apple wants to buy Samsung AmoLed display driver chips!!!
Volume is too low the last couple of days to be of big concern. It's the big guys buying back shorts that will again drive this stock above $5 again. The company statistics are improving but are still pretty boring.This reminds me of National Semiconductor before it developed switching regulator IC's. Power management saved NSC from complete failure. Let's hope MX's Amoled cellphone driver chips can drive their earnings positive.