AVAV's afterhours trades on that kind of low volume are meaningless. Some small time geeks trying to make a play on investor sentiment is all. A stock doesn't return the day's loss in 1 or 2 trades.
AeroVironment is the Pentagon's top supplier of small drones. This is only the beginning of the story to unfold over the next 5 years.
With the recent trading channel I sold in the 30's hoping to buy back near the 28 bar. As my luck would have it the LOK PR was released the day after my sale and I immediately wanted the shares back. This normally wouldn't be so bad but I have a 90 day trading restriction on my account due to a recent "free ride". I got my shares back alright but that unexpected untimely PR cost me $10,000 in the process. I wouldn't have done it any different today, I just have to chalk it up for a stroke of bad luck. I think AVAV is still under quiet accumulation and could break-out to a 40 or 50 bar any day now.
I know. AVAV is currently the leader but it's worthwhile to keep an eye on TRMB. They are another great company with tremendous distribution networks. They led the way in GPS.
This is based on today's trading stock price. I expect the PEG to reflect very favorable buying opportunities following the near future quarterly reports. I expect commercial drones will be a huge success now being tested in six states. Drones are a natural environmentally attractive evolution of delivery for products, food, and mail. The US postal system is losing billions and needs this. Purchasing of products is moving to online dominance. Also, the increasing sales of electric vehicles, particularly Tesla's next lower priced model is just icing on the cake here. AVAV has just renewed leases on their current development and manufacturing real estate.
Still powering an led at Burger King?
Well, one thing's for sure. You've won the title here of Pumper in Chief.
Why do you say "AeroVironment is the leader in miniature drones"?