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Vertex Energy, Inc. Message Board

lucky84dog 8 posts  |  Last Activity: Aug 21, 2014 10:42 AM Member since: Mar 7, 2012
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  • Reply to

    ???????

    by lucky84dog Aug 20, 2014 2:54 PM
    lucky84dog lucky84dog Aug 21, 2014 10:42 AM Flag

    UCTT missed 1st Q low projection slightly and just matched 2nd Q.
    I'm speculating they will beat on balance the rest of the year. Went in at their recent low.
    Cashed out TCX early this month w/ 15% gain to raise some cash but held on to 100 shr. Upped the anti a little this week. They are Canadian and may not be of that much interest to many. See they drove VTNR below $8 again today. Pretty volatile for such low volume. Guess someone is playing short cycles?

  • lucky84dog by lucky84dog Aug 20, 2014 2:54 PM Flag

    Any one care to speculate why it was ripped down today? Seems there is a whole lot of funny play in this stock. Wiz: couldn't resist this chance so bought back in today. Also holding TCX & UCTT. Any opinion about those?

  • Reply to

    Optimisim on this stock?

    by lucky84dog Aug 15, 2014 1:24 PM
    lucky84dog lucky84dog Aug 18, 2014 12:20 PM Flag

    You are mistaken Wiz. Wasn't bragging about a smart move: indeed I think I am lucky to have gotten out with a small profit, having averaged down from$10, which is a stupid game to play. This stock may pay off long term but that too is a gamble. I have chosen to trade equities for a while rather than hold long term. Market is too old and is in my opinion unsustainable at this level. VTNR may be managed well but it is a small operation right now. With only 20MM cash and a line of credit of only 20MM, I cannot see how they could expand much further through acquisition except by dilution with another sale of treasury stock. Thus they must grow current operations and operating margins IMHO. BTW. my practice is to hold only a hundred shares of each stock in which I may be interested buying.
    Guys: I submit that The August Doldrums has little to do with the action of VTNR and similar small caps.

  • Reply to

    Optimisim on this stock?

    by lucky84dog Aug 15, 2014 1:24 PM
    lucky84dog lucky84dog Aug 15, 2014 3:25 PM Flag

    Hope you are right John42.
    My great concern has been the disproportionate increase in the inside ownership of the stock coupled with the PPS the last 4 days. Cannot help but feel insiders care little about outside public.
    Also am concerned that management will instigate another dilution to continue growth by acquisition
    to cover weak organic growth.
    Like I said I will hold my hundred shares to keep it in the spotlight.
    Lucky

  • lucky84dog by lucky84dog Aug 15, 2014 1:24 PM Flag

    Why? From May to Aug this year: Float went from 21.2 MM to 22.6 MM. PPS from $8.38 to $7.80.
    Institutional shares 12.01% to 15.35%. Insiders holdings from 18.50% to 44.80%. Zack's ranking of #1 to not ranked.
    With all that insider preliminary access to earnings, who do you thinks has done the heavy selling 3 out of the last 4 days? Analysis's upgrades my foot. Not unless he is among you Touts. Management worked the books to the fullest to manage what on first appearance was a fine quarter.
    I gambled (yes, gambled) buying in heavy on Wed. and selling out at $8.80 Thur. Lucky dog indeed.
    Luckily I'm out with a profit and down to 100shr. just so I can watch it for maybe another opportunity to fish.

  • Reply to

    Playing Games

    by superbowl6wins Aug 13, 2014 11:38 AM
    lucky84dog lucky84dog Aug 13, 2014 1:07 PM Flag

    After its performance yesterday and today, I have little hope for a great upside surprise tomorrow.
    More inclined to believe that the private beneficiary's of the low buy in have been dumping big time
    because of access to pre-report information. No way to prove of coarse but it would make little difference.
    The SEC officials are like most politicians: spout good rhetoric with hands out why looking the other way.

  • Reply to

    Surprised by lack of comment on todays action?

    by lucky84dog Aug 12, 2014 3:30 PM
    lucky84dog lucky84dog Aug 12, 2014 4:04 PM Flag

    Thanks guys!~ Didn't figure all were dead. Appreciate the response.
    I'm holding only 500 shares: In at $10. Bought just before announced dilution.
    Had considered some call options to cover but don't know now. Still believe it
    is a good longer term bet.

  • Looks like a huge dumping is in progress today. Leaked information the cause?
    I should have thought there might be some commentary in this regard.

VTNR
7.30-0.29(-3.82%)Sep 19 4:00 PMEDT

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