and when those 300,000 share blocks are being sold (there was another yesterday), who is on the other side buying? it has to be Ted - right?
My next buy is at $1.45.
"They just announce confirmation of a first new order within China."
Makes you wonder if there was any bribery involved? Hmmm?
And please tell me how they will resolve the cash situation? Do you not agree that they are running extremely low on cash and will require an infusion by some means soon?
whatever took place, I think market maker knew what was happening and was manipulating the price the entire time. if you look on the NASDAQ site and the trades/timestamps you'll notice periodic 20,000+ share trades at $1.65. and then, in the last 10 minutes of the day, a single 100 share trade brings the price from $1.65 back to $1.83 and after that a few 100 share trades keeps the price up and brings the close to $1.80.
15:53:05 ... $ 1.837 ... 100
15:51:41 ... $ 1.65 ... 2,000
15:51:41 ... $ 1.65 ... 5,300
15:51:41 ... $ 1.65 ... 21,000
15:51:38 ... $ 1.6498 ... 150
I was slowly picking up shares each time they dropped the price today. I also have my bigger buys out there at $1.55 and $1.45 - so if others get scared and want to sell, go for it - I'm happy to take the shares at that price level.
maybe you're right and someone who acquired a larger position during the runup in December decided to sell it all now for quarterly window dressing, as they need to report their holdings as of June 30 soon.
and well deserved!
As folks are doing house cleaning of their portfolios, looking to sell the garbage and rotate into quality, ISNS certainly qualifies as stinky garbage.
Shares could easily fall another 50% - because sales continue to decrease and losses continue to increase.
Hey, where are they going to get new cash from? They will likely run out by Jan 1. They may be running on fumes right now.
Ignore pumping Seeking Alpha authors.
I'm reading a market psychology book by David Dreman (contrarian) and he covers exactly what's happening with ITI.
He explains during a bubble period, while people are racing to the inflated stocks, the value stocks get neglected. They will also get pulled down along with the market as we've seen this past week. However, he shows that time and again, when the bubble eventually pops, those value stocks with real businesses outperform everything.
Shares are a smidge above book value (again). I'll wait to buy more for once we get the earnings announcement. Either the shares will move back up, or they will get whacked by sellers ... I've seen it many times over the past couple weeks - even when unjustified. It's the theme for this earnings season. However, after unjustified whacking takes place, the rebound happens very quickly either the same day, or over the next few days.
Anyhow, the three or four of us here know the situation - just have to wait for some numbers to show it (again) and others to figure it out.
You shouldn't use corporate money or the corporate name in the press to make a personal statement.
The press release, your statement, and the decision to spend more advertising on ESPN is no different than what loudmouth Nick Caporella does over at FIZZ.
You're more than welcome to your own opinions - there's absolutely no reason to tie PRPH to them. If ESPN provides better advertising rates, better frequency, and translates into better sales then wonderful - spend more advertising with them. No need for the press release or getting involved with this.
end of the year shares will be making new 52 week highs
the next couple earnings reports will show continued improvement and turn back to profitability.
you don't buy when everyone else is - you buy after they've all raced for the exits and tossed their shares at rock bottom prices - just like in the movie Trading Places.
with volume back down to historical levels, now is the time to buy - by the time the masses come back again, we'll be sitting pretty.
Check trades at market open - possibly a Seeking Alpha pump and dump article. If it is Seeking Alpha, we'll know within 24 hours.
Be cautious and make money. The three or four folks here know the company and stock better.
This is big...just a foot in the door of many more like it.
Assuming we go by the bank's non-GAAP numbers and take EPS at 35 cents, annualize it, and we have $1.40/share. That gives a PE of 17 today - which is too high for a bank at this time. Similar bank PEs at this time are in the 12 to 15 range. There are bargains out there trading closer tangible book value (BDGE is below $14) , with PE close to 10, and offering similar to slightly higher dividends.
Bottom line, BDGE is still overpriced garbage and should be trading no higher than $20.00 - giving PE at 14.3
The growth is not sufficient to justify the premium...overpriced.
I've had some thought about this as well - as I have only 1000 shares of PDEX in one of my accounts and the brokerage wants a $30 fee for exercising. As I get 440 shares, this comes to a fee of about 7 cents/share + $1.90 and I'm not getting much benefit compared to the current market price, so I actually decided not to exercise for those. In another account I have a larger position and though that brokerage also charges a $30 fee, it is negligible compared to the number of shares.
The other point to consider, even though there is a fee to exercise, you should consider that if you were to purchase additional share directly in the market, because of the poor liquidity, it may be difficult to purchase the number of shares you're getting through the rights. If for example, you're getting 5000 shares, the likelihood of being able to purchase that much at a price below $2 is probably pretty slim (at this time at least).
Anyhow, based on the $1.90 price, fees you may need to pay, and the weakness in the overall market, there is something to consider. There's still a little time until the 24th, there's still time to decide.
why shouldn't I be proud of myself? look at the price today, look at my posts on this board since January.
you're proud of the $100 you made on a dead cat bounce? good for you.