Who sold 10K shares at 14.5 cents per share? That was a 20% discount to its last closing price. Was that one block with all shares sold at that price, or were some of those shares at a higher price and the last shares at the lower price? Jeez!... I'd have bought 10,000 shares if I could have got them at that price, but never would have sold at that price. This stock is a steal at 14 cents! (If you assume 1 penny of earnings, then the P/E ratio is 14; if you think SMDM can earn 2 cents next year then the P/E ratio is just 7, and also, the corresponding market cap of $5MM is just a fraction of its annual revenue!)
I guess you have that sometimes with stocks with no volume, but I still can't see how you give away shares at a 20% discount when there's no bad news. Make sure your orders are limit-orders on stocks with no volume and a small float.
I hope so. There hasn't been any volume traded since your post. I do want to see some bottom-line profits to entice some more investors to take a look at this company.
If you want to invest in a stock that has crashed for an out-sized return in the teen surf/skate apparel sector, look at ZUMZ. It's down 31% and sitting at 5-year lows. It could be a good turnaround candidate. PSUN is down below 5-year lows, too, but unlike ZUMZ, it's unprofitable and soon-to-be in a dangerous fiscal situation. You can earn a 100%-plus return on ZUMZ or PSUN, but with ZUMZ there is much less risk. Disclosure: Long PSUN and ZUMZ, but much larger position in ZUMZ.
No, Santa didn't die. He's just getting his clothes at American Eagle, Forever 21, H&M, Kohl's, TJMaxx, and Macy's now.
AEO had 11% comps, and Aerie had 18% comps, in it's last quarterly report. It surprised on both the top and bottom lines. If this continues, the elevator will be up-and-away, and you'll be left lamenting that you missed it.
Okay! I'm going to put in an order to sell 800 shares at 75 cents, and I'll have made well more than my original investment back (commissions and taxes included), and I can just hold those last 200 shares for ever as a speculative bet on an out-sized return like "an option with no expiration".
The stock really popped 18% yesterday afternoon in late trading, and has not given back more than a penny of those gains today. The whole market is down a percent today, and this stock is holding up nicely. That means there are still a lot of buyers to hold up the price regardless of market direction... a very bullish sign.
Bullrun is right. Comps were up 11%, and the company beat on the top and bottom lines. This is simply an opportunity to buy a very good business at a very good price. This success should only continue, as so many other mall retailers (ARO, WTSLQ, ANF, PSUN) are shuttering stores; it will simply be more foot traffic in AEOs instead, as their competitors disappear.
Yes, this is a time of easy credit. There are investors who are wanting out-sized returns, and they see that this company just lost 70% of its market cap in the last few weeks, and now its cash-on-hand is half its market cap. While this is very speculative, any whisper at all and the stock pops 50%.
Well, that's why the company's market cap is $30mm instead of $230mm. The stock is down 90% over the last two years and the stock is down over 60% since the last quarterly report. Death is priced in here. Any good news, and we've got a two-bagger or more. I'm still neutral on the stock with a "hold", but still excited about the huge return if even rumors of a turnaround or an infusion of cash investment, or a new partner, are announced.
It was up 12% yesterday morning on high volume, but slowly gave back those gains throughout most of the day. Now it's up 14% again this morning on decent volume as well. We'll see if it can hold this bottom and provide a nice bounce. If that does occur, there may be a mini-short-squeeze which will push the stock higher yet.
They do have the liquidity necessary to continue forward. With back-to-school going on right now and Black Friday and Holiday shopping just three months away this is the time of the year in which they will at least break even, if not earn a little bottom-line profit. So the BK fears can wait until 2016 since they have $25+mm in cash-on-hand.
Okay, I just went long 1000 shares at 44 cents per share. I'm definitely playing Russian Roulette with a penny stock. (I still rate it a 'Hold' in my book). But I figure I can quickly throw in the towel if the fall continues, or I can double my money and sell more than half so I'm playing with the house's money forever with the last few hundred shares. So my downside is 10-20% and my upside is a two, three, four, or five-bagger.
Okay, now I might stick my toe in the water on a speculative bet just for fun. Have been bearish all the way down, but it's got some pretty deep lacerations on its back so I think it's been beaten thoroughly enough. At a market cap of $32mm, it's finally good and cheap.
Yes, this company could 'cook the books'... ever-so-slightly... to the downside, and give a negative conference call with negative expectations for the coming quarter and year and let the stock crash to the 120-130 range. They could increase their share buybacks during that period when the stock price is in the basement. Then when they report the next quarter and far surpass those low expectations and revise expectations to the upside, management looks good by turning around the giant company and stock price quickly, and all the while they reduced shares outstanding at the lowest stock prices in years in the meantime.
Sentiment: Strong Buy
I'll cash out and take my 15%+ gain on that rumor.
Okay, I am out at $11.19. I know that was a quick trade, but I just played the bounce off the bottom. I'm 70% common stocks and 30% cash, so I wanted to get out of a position anyway to bring that ratio back down a little.