Is Credit Suisse wrong or is reaction over done? Now under $16. $28 price targe looks pretty good.
This is going just as I expected. With an avg volume of just over 4M and about 23M short shares, there is a lot of covering to do.
I understand why people were short on SCTY when it was in the 40's and 50's. Now it is under 25. Nice trade for those short. But at some point a short has to decide when is enough profit. Yesterday's earnings provided enough initial panic to drive SCTY below 20. But the underlying situation with SCTY is not bad, as analysts are pointing out.
So what does than mean...a substantial portion of shorts cover and move on to other positions. Now 21.5 and crawling higher. This could go green with all the covering.
I am not saying SCTY will be green, but shorts will start covering positions. Shorts have had great success riding this down in the last 2 months. With analysts screaming that this drop is overdone, and without SCTY testing AH lows, it is obvious the worst is over today and shorts will take their profits and cover throughout the day.
I read that too. It may not be a big deal in the long run. Still, it is giving reason for some to bail. I think SCTY does have its challenges, but not to the extent of the move.
The stock price the last 2-3 months has indicated things would not be good and I thought much of tonights announcment should have been expected. This appears to be a flush of old investors.
Ok, I am back. I was in TAPM prior to last earnings announcement. I was dissappointed by its move after last earnings. Even though I felt TAPM 1M in revenue to get real attention. 728k in Qtr revenue was still great. But when it didn't move up I bailed.
I don't think there is doubt that TAPM is being built to be sold. The question is when. Part of that depends on continued growth and an appreciation of PPS.
I believe earnings is 2/11 or 2/12.
For a while I thought I was the one who died. I bought all the way down to low 40's, then got a call from my broker. I was in a low equity situation. They wanted me to lquidate or add funds. Did an ACH transfer. whew. Up $10 since then...
This move should surprise no one. IMPV is trading at a lofty valuation Forward P/E 159.97 and
PEG of 57.65. and its forecast loss for Q1 was double of the expected loss. When a stock like IMPV trades at lofty valuations, it needs to surprise on higher future EPS not lower.
8-K text ....
Adaptive Medias, Inc. Receives Acquisition Proposal From Adsupply, Inc. for $35 Million, or $1.50 Per Share, in All Cash Transaction
IRVINE, Calif., Feb. 01, 2016 (GLOBE NEWSWIRE) -- Adaptive Medias, Inc. (OTCQB:ADTM), a video technology company that supports publishers, content producers and brand advertisers, today announced it received an acquisition proposal from private digital advertising technology company AdSupply, Inc., for $35 million, or $1.50 per share, in an all cash transaction. The offer represents a premium of nearly 900% to Adaptive Medias’ closing stock price of $0.16 on January 27, 2016.
Under the terms of the proposal, AdSupply would acquire all of Adaptive Medias’ outstanding shares for a total all cash consideration of approximately $35 million, or $1.50 per share, based on a share count of 23,400,281 on the date of this release. The proposal was submitted on January 27, 2016 in a letter to the Adaptive Medias’ Board of Directors.
“We believe the combination of Adaptive Medias and AdSupply could represent a compelling opportunity for both companies and their respective shareholders, and could enhance the business and growth prospects of the combined entities,” said John B. Strong, Chairman and Chief Executive Officer of Adaptive Medias, Inc. “We have an aggressive, yet systematic, growth strategy for increasing Adaptive Medias’ revenue and earnings potential in 2016 and beyond, which may include a merger with a company like AdSupply or other strategic partnerships that we’re currently pursuing. Although AdSupply’s acquisition price provides value for Adaptive Medias’ shareholders at a substantial premium to the current market price, thus giving clear recognition to Adaptive Medias’ upside potential, it is our fiduciary duty to ensure we pursue all other options available to us. Accordingly, we will evaluate the offer and eventually decide whether or not this offer is in the best interest of our company and our shareholders.”
There may not be many shorts. But they are loud (see mickey). Not directed at you. But there are others here trying to spread fear to cover their own problems.
Shorts are desperate now. Even after the 8-K was filed they are still trying to muddy the waters.
I wonder how high ADTM would be without shorts desperately hanging on. But not for much longer. LOL
Granted...I was a little more optimistic than I should have been. However, the FDA clearance is not a non-event. This is a start that help it getting the rest in place. No reason to be up 1-2 dollars, but no reason to be down either.
WIth a low float, how high will this fly tomorrow morning? This could pop above 52 week high once people start chasing
EGL forecasting $2 Billion in revenue in 2016, forward PE was 11, now 7...6,000 employees...
Ok, the earnings forecast is a big miss. but they are still forecasting 1.15. EGL is not going out of business, they are investing in future business.. ergo the miss.
The magnitude of this drop is a bit of a head scratcher.
Totally agree. Once under $5 selling increased. Some margin orders I would guess. The degree of selling is overdone. But unless there are buyer to come in, it stil may drift lower. At this point, there are just a lack of buyers. It may need to pierce $4 to get some buyers.
attribute to the easy manipulation. Plunging $3 below all time low is a bit ridiculous. True TCS has dissapointed, but MMs have taken over today
It looks like there has been some bargain hunting once people realized what was going on.
Also, as interest has increased, the spread in the bid/ask has narrowed.
Sentiment: Strong Buy