GBSN has almost traded its float again in the first half hour. Nothing but day traders, shorts, and panic sellers here this morning.
That will be an impressive milestone. That will mean it is on a lot of people's radar screens.
Looks like of day traders have been attracted to TAPM now. I was holder from $1 - $2 last year. I have dabbled since. But I have been out of TAPM waiting for a move out of its range bound area.
Now that it is above .30 and volume is up, I expect the trend to stay for the forseeable future. I think $10 is a realistic pps in the 1-2 years. Near term, I look for an easy trade above $1 soon, and $2 in the next 1-2 months.
Another millions already today. TAPM is getting noticed. It needs to stay above .60 for its next move. TAPM has tested .60 twice in last two days.
LOL ... you missed the point. TAPM has moved out of its trading range and is now in a new range. It was not going to go any higher than .60 in the near term.
The move and retrace is all healthy.
Regarding a pump.... it is starting to consistently improve it revenue at a steady clip each qtr. That is not a pump or fabricated. Recent pps was based on latest qtr results. Next move up will rely on future qtr results, which are trending higher.
It probably should not have been at $2 a year ago. That was a thinly traded pop. Revenues back then did not justify the price. Now there is some wood behind the arrow and $2 may be realistic after next qtr results.
Not sure how much real potential is here. We'll see how soon the dump after the pump occurs. This morning? or a week from now?
Finally the downtrend has been broke. With last week stablizing above $10 and now with today's counter market move, SUNE is poised for a significant short covering rally.
Over 80M shares short...wow! That is a staggering amount.
People still looking for big beats....Forward PE was 24... AMBA is not trading at a premium at all based on Forwaerd PE. I still like the gross margins....
Ambarella sees Q3 revenue $90M-$93M, consensus $92.33M
Ambarella sees Q3 non-GAAP gross margins 62.5%-64%
Avg Vol (3 month)3: 4,144,630
Avg Vol (10 day)3: 3,822,730
Shares Outstanding5: 31.34M
% Held by Insiders1: 7.47%
% Held by Institutions1: 33.90%
Shares Short (as of Aug 14, 2015)3: 8.03M
Short Ratio (as of Aug 14, 2015)3: 2.58
Short % of Float (as of Aug 14, 2015)3: 28.74%
Shares Short (prior month)3: 8.34M
43% of CHKE's paltry revenue came from Target. The president selling 10000 shares in June was a warning.
I suspect Wunderlich's review was prior to Target dropping CHKE, since Wunderlich's announcment does not even mention CHKE losing Targe and 43% of its business.
Could easily plunge under $10
wow, is this ever a bargain now. I am not a shopper of Zumiez, but whenever I pass it in the mall it is busy.
The current PPS has dropped the forward earnings to 9.56 and PEG to 1.21. The PE is below a reasonable level now and implies that even though they missed earnings, the PPS has become an attractive entry point now.
Doubtful it will get back to 18 given magnitude of loss. Any nearterm pops will be sold as day traders licking their wounds and clearing their position.
Having said that 29 million is a low float and ZUMZ usually trades only 400k/day. So the combination could result in a quick rise to offset some of the plunge.
Shorts are controlling this now. It is easy to manipulate a low float stock.
Some capitulation has just occured taking this ZUMZ just under $15
JPMorgan analyst Sterling Auty attributes today's pullback in shares of Synchronoss Technologies (SNCR) to a research note from Baird talking about the potential loss of Verizon (VZ) as a cloud customer. The comments come after the wireless carrier changed the pricing in the Verizon cloud offering. Auty sees "no chance" of Synchronoss losing Verizon as a customer in the near-term since the wireless carrier recently renewed its contract with the company for multiple years. He views today's selloff as a "significant overreaction" and recommends buying Synchronoss at current levels. Shares are off their lows but remain down $5.91 to $31.48 in morning trading
there is no market stops on a huge rise in the morning. My experience is that if there are not shares to short for a stock when good news comes out, there is nothing to stop an influx of buyers.