Too far out of the money for me. (strike of 45). I like deep in the money options. Hope whom ever bought them makes a lot of money.
Seeking Alpha emailed me a + article about ADA yesterday. Assume the article might have factored into the option buy and the slight up tick in price today. Does not take a lot to move the share price. You have to subscribe to "seeking Alpha" to get its articles. Given Seeking Alpha seems to have a steady stream of ADA articles, I reluctantly subscribed (no cost other than you have to give them your email). Email I got said it went to 246 people (not a lot, but might be enough to move the stock).
Seeking article said your getting M-Prove and other upside for free at this price. Arthur did not go into a lot of detail.
If they can deliver what's in the pipeline, they have a lot of room to run. Need to close more RC deals. Should be interesting for the next 12 to 24 months.
appears you're right. This said, buying and a 3% up move on a down day. Can't complain. Hoping for a couple RC plant sales soon.
Assume we'll break 52/all time high when the announce a RC plant sale or two. Low volume implies we could have a nice rally next time we get some news.This said, back to watch the paint dry.
Saw the 8K on the line of credits. Nice to see they are progressing. Still would like to see a split to increase float. Understand they would need to increase interest in the company to really impact liquidity. This said, we're getting there.
agree - I too we'd move up more on the market rally. This said, ADA trades on news and we haven't had any real news or update for ~ month. The really need to start moving (selling) the RC plants. Still think they need a new broker or should cut a deal with Goldman to help sell them. And just to be clear, no, Goldman is not their broker (they are an investor and 15% owner of the RC business).
Would seem logical we'd get news next week. They have not updated the investor presentation for Oct, so assume they will (update the report). They do seem to struggle getting things to close, so I'm eager to see if they've sold any RC plants or have more plants running. Last I recall they had 10 RC plants running.
While I admit I like to see the stock go up vs. down, I think its a buy and hold at least until next summer. Short term moves don't seem to have logic or a cause other than sellers moving on.
On options, some of the drop over the last two weeks may have been options related. We had a lot of Oct options open. What appears to happen is MMs buy the stock as they write in the money options and liquidate their positions as option positions are liquidated/closed.
Did not keep track of open options positions, but assume net options may have gone down as people closed oct - which may have pushed us down a few dollars. Stock remains illiquid, so sale ~ 100K + or - in shares related to options might have been part of the short term down move in share price. This said, long term should not matter.
While its just my guess, I think we'll spike back into the $40s on news. This week? Who knows?
Long term, I still think the fundamentals will support a share price in the upper $50s to low $60s by year end (can't say were we'll actually trade, but exit rate at year end projected by management with a 15 PE seem to suggest a share price within reach). Next summer agree a ~ $100 is not crazy (need management to deliver).
Shows there is a lot that will be "what's next" after RC and ACI/DCI systems. Don't know if the press release will change stock direction down trend this morning, but it should/assume it will.
Stock always does the opposite of what I think short term. I think its bottomed, so that mean they're a 51% change she goes down (not trading on fundamentals, just drifting up and down really). Assume news is coming, but may not few until the end of the month. Looking forward to the (any) update.
You seem to have been right on calling a bottom. This said, volume is light and we still have no news. I continue to think we won't get an update for a week or two. If anyone is brave enough, I assume IR might tell you when they plan to update the investor report if you email them (Sept is the latest on the web side).
Still think sell off was about nothing or people being bored with lack of news. My WAG is we'll move back into $40s when we get the next update. Think we have a great story with a lot of potential.