Barring a strong rally tomorrow, it looks like the peak of our pre-divvy runup was this morning's $26.42. That's pretty good, considering we were sub 21 two weeks ago. Now, the big question is how much of a selloff will see after the stock goes ex-dividend.
Allo, as I type this message, PSTI is at $3.35 with exactly one hour of trading. How about a strong finish to close above $3.45?
Hi caltrials! Well, so far we're holding up nicely on very heavy volume. Let's see what the last hour of trading. Hopefully, we'll have enough buying interest to ward off the profit takers/day traders.
As a followup, wouldn't it be cool if we suddenly saw some insider buying?! I love it when insiders buy into strength. It would be a tremendous bullish signal.
As long as the insiders continue to hold, so will I. I might even add some more. However, I'm not going to make the same mistake as last year. I kept holding while the insiders were dumping at $4+. If they start unloading this time, so will I.
So, insiders, it's up to you!
Maybe some fund manager read Zami's newletter from Jan 15, read Acceleron's recent report, and became convinced that PSTI was a strong buy? Heck, all of us longs on this mb have been convinced for years that PSTI has been undervalued. Maybe the rest of the world will catch up.
With AAPL and YHOO blasting estimates, the market should rally tomorrow. I don't know about the 17s, but we should at least get back to the 16s quickly.
Allo, I read the bullish Acceleron article posted on Yahoo, but I didn't see the $21 price target. Where was it? Thanks!
LOL, Bill. I got a kick out of your post. You're obviously a bright guy, so I highly doubt that your friend is much smarter than you.
Anyway, when I expressed some disappointment over last quarter's earnings, you correctly pointed out that RSG will require patience, but is a good long-term hold. I agree. You might get a kick out of the fact, that, a couple weeks ago, I bought some RSG for my wife's IRA at exactly $40 per share.
I'm looking forward to seeing the earnings report. In addition to the fuel issue, I want to see if they give us more financial detail about the Tervita acquisition and the plans for the Las Vegas recycling center.
My point is that ex-divy day is Jan 30, while earnings won't be released until Feb 27. Why the 4 week gap? With an ex-divy day of Jan 30, I would've expected earnings to be released on Feb 5 or 6, based upon CLMT's past practice.
I'm looking forward to earnings, too. Let's see how the cheap cost of fuel is impacting RSG's bottom line. I hope we also get some more information on the planned Nevada recycling center.
choo2choo, that's why this upcoming earnings report is so important. You are right; the specialty products are mostly oil based. The price of crude declined in the last quarter from $95 per barrel to $60 per barrel. This means that CLMT's costs should be significantly lower, and hopefully will lead to great earnings.
All good points, choo2choo. It looks like our recent rally is losing steam. We need CLMT to declare the dividend before the weekend.
There's no question that CLMT was oversold, and, IMHO, still is. CLMT released a good earnings report on November 5, 2014. In stead of going up, the stock then crashed from 29 to 19. We've recovered about 1/2 of our lost territory. We'll probably need another good earnings report to sustain the rally. I hope they declare the dividend this week. GLTA