Please elaborate on who you believe "they" is.
To me, "they" are all the people who arrived here before you and were buying shares at prices between 90 cents and $1.30. Not wanting to see it revisit those prices again, "they" decided to take their profits off the table.
As September progresses, there's likely some funds that will be lightening their loads with quarter end window dressing - so I'd look for shares to continue to trend lower through the end of the month. Then come December there's year end tax selling to deal with - along with what would seem to be another week earnings report.
You'd better hope the company announces something stellar between now and December 1.
The stock down today on above average volume when the indices were higher isn't a very good sign.
Simply to manipulate the price up or down. I've been seeing a lot of it lately in thinly traded companies.
16:00:03 ... $ 2.61 ... 78
15:59:23 ... $ 2.611 ... 822
15:59:23 ... $ 2.611 ... 900
15:59:23 ... $ 2.62 ... 100
13:38:57 ... $ 2.70 ... 100
Now, considering what we've just seen, doesn't it seem quite coincidental that Brown announces this share buyback, and it just happens to coincide with the final couple months when a bunch of their options expire?
He and McDermott knew exactly when to exercise/sell - right when the company was buying the shares back and as your observation notes - when they were creating the demand to sell into.
Quite funny and pathetic at the same time.
ding, ding, ding, ding, ding
I follow insider transactions extremely closely and make most all of my purchase decisions based on them. One of the first key criteria I look at is if directors are buying while officers are selling - if so, then I do not buy. Who knows better what is going on? No brainer - if officers aren't buying, then neither am I.
Someone assured me the shares are going to $2.40 - so I'm waiting for that price before buying more.
Will add below $2 - market maker is going to take control of it now and just walk it down little by little.
Seen it before - will happen on low volume day by day.
Eventually shares will go higher, but for now it's likely going lower.
Well, clearly there wasn't extensive thought put into it and if they hired a PR/marketing firm to come up with it then they could have done much better.
When I first saw the name, I had a flash back to Commerce One - one of the biggies during the internet bubble.
I understand the desire to kill off Navarre, it's history, the baggage attached to it and make a fresh start. However, I agree, they could have come up with something better.
who_gnu - check the chart - it's on the way...looks like we'll be having a merry xmas.
Check the 5 year chart I think we're going to see a pretty hefty breakout over the next few months and into the spring.
Also, so we can "chat" and carry on our own off-topic discussions - let's just go over to the GAMR board. It's been dead for a long time. If you want to leave anything for me, post it there - I'll do the same for you.
what have you been buying lately besides GAMR?
my latest purchases have been:
AXST - could have a good rebound over next few months
SBFG - just a low float sleeper bank with good dividend and good growth. if it goes up great, if not good dividend, minimal downside
all have decent insider buying.
over the past week my EVOL and PRPH have begun to take off. if PRPH does pull back, you might want to pick up some shares (under $1.60 is the price to be buying) - it's another special situation...just heading in to their strong season. Read some of the filings and about the CEO Ted Karkus - he owns a big chunk. They turned down a buyout offer because it wasn't good enough. anyhow - check it out.
Please tell me that you're not so gullible or misinformed.
“Craig Robinson dead 2013” : Actor killed by internet death hoax
By Jessica Simpson
Last updated on September 22, 2013
News of actor Craig Robinson’s death spread quickly earlier this week causing concern among fans across the world. However the September 2013 report has now been confirmed as a complete hoax and just the latest in a string of fake celebrity death reports. Thankfully, the actor best known for his roles in The Office (US) or Hot Tub Time Machine is alive and well.
Craig Robinson Death Hoax Dismissed Since Actor Is ‘Alive And Well’
On Saturday (September 21) the actor's reps officially confirmed that Craig Robinson is not dead. “He joins the long list of celebrities who have been victimized by this hoax. He's still alive and well, stop believing what you see on the Internet,” they said.
Some fans have expressed anger at the fake report saying it was reckless, distressing and hurtful to fans of the much loved actor. Others say this shows his extreme popularity across the globe.
In response to your post that this is in fact true, I will apologize on the assumption it is true. However, if in fact this is true, then why has there not been a 8K filing to this effect?
If the CEO dies, it is a material event and requires a filing with the SEC.