If Bags thru in, he wouldn't sell in the open market, he'd be shopping his shares to some institution or another firm looking to buy CLRO (PLCM, HPQ, etc.), or even offer his shares back to the company.
Yesterday's drop was more like the Market Maker taking the stock down to clear out some Stop Loss orders. A word to the wise, never put a SL order on a thinly traded stock like CLRO. Keep a mental stop.
Expect the price to be back above 9 dollars very soon.
I read a link posted on Stock Twits that Chevron recently purchased 62.5K acres from Alta Energy for supposedly close to $1 Billion. If that's true, then it can only be good for AXAS IMO
Gaps don't have as much relevance for stocks that trade on relative small volume. Also, if the H&S pattern was to play out, then the stock would go to minus 4.
Better to look at volume breakouts like today.
The reason for the high Income Taxes Payable for the 12/31/2012 period is that they had received the $45 million cash settlement from UBS, but had not paid the taxes ($14 million+) on it until the 1st qtr. of 2013.
I agree with your thinking. I've had the Mar 2.50 since Aug. There is very little Time Value in these, so any increase in the stock will be reflected in the Calls. And what's best is that you only have to pay 1/3 the price of the stock.
For those not familiar with options, in the case of the June 2.50, you could buy the equivalent of 1,000 shares (10 contracts) for on $1,150 ($1.15/contract), plus comm. If the stock only gets back to $4.00 between now and June, the Calls will be worth a minimum of $1.50 or 30%. If the stock drops below 2.50, the value will disappear.
Bottom line, is if you want to add some leverage, look into the Calls.
The company forced the Bagley's to rearrange their shares in order to get full voting power for the shares that they own.
As a shareholder, I wish they'd just kiss and makeup. Don't need all this distraction at this important time for the company.
Ok, before I get "flamed", I'm currently Long GV, as I also think it's undervalued. But one thing that concerned me with this latest report is that they had more "non recurring" expenses. Last Qtr. it was expenses related to getting the STEC project done on time and this qtr. for bad sub-contractors.
Who cares if they have more revenues, if they can't equate to the Bottom Line.