Cal, I agree 100 % with your comments, in fact so much so that I took a loss and sold out. I have had a good year and didn't want this bunch of high school kids running a company I had my money in. This display of ignorance is one for the books and is almost a crime. Take care of yourself, I don't ever want to hear this company's name again and would welcome a SEC investigation into the sanity of these board members who play so loosely with the truth. Take care
You can bet they have some good-sized acquisitions on the table that will insure the billion in revs. for the fiscal year. I don't even dare dream what this stock could do if they can cut expenses enough and take other measures to raise the net profit ergo the EPS. When that takes place we are home free.
I have been very fortunate trading this stock from quite awhile ago and I have re-evaluated things this weekend and as a result....despite the fact that I am not impressed with management and that I bought back into this stock for a quick profit of some $3500 in three days and re-purchased rather quickly after that trade I have decided to maintain my position (now 5000 shares) past all the present goobly-glock (no that is not a real word) and to watch it climb in coming months back into the $4 area as the company's efforts to improve the bottom line take hold. There is tremendous leverage here with CRRS doing over a billion in revs this year and being able to save a dollar here and a dollar there spread out thru their entire network of acquisitions will produce a bottom-line figure demanding 4 bucks or more in the next few months..
Looks like finally we are on the right track to see and stay above the $3 mark next week. The Russell Index fiasco, the SEC suspensions, the noted silence from the company...all now a thing of the past. Twenty million in a week, love to hear about those two new acquisitions and lots more in the coming weeks. It's time to get the bad taste out of our mouths and make some good money. I might take jack to the beach with me tomorrow, he enjoys the young things dancing by. Come to think of it, SO DO I
Another day where the pre market Ask is lower than the last trade of yesterday's regular session and we all know what happened to our stock price yesterday. This is becoming serious now and I can only hope that in the near future the news is not full of pending lawsuits against the company. If that happens it would mmake current prices a steal.
All right you guys who are on top of things please explain this. Our stock is on the low tier of Nasdaq and as a result does not trade in the after-market. Yet today 700 or so traded near the close up to 2.65??.. Okay, I am waiting with my good friend Jack---
Usually in the pre-market this stock is quoted with a wide gap between the Bid/Ask with both quotes far away from the previous closing price. This morning the Ask is exactly at the previous close of 2.86 and that is a bad omen. I felt the CC was just okay, not bad, just okay but it looks like the sellers are lining up and that is very disappointing.
Cal the real secret to this stock taking off is to get that EPS up to a decent figure. Doing 750 mill in revenues and making a dime or so just isn't going to get it. To be fair they know that and are adding new businesses to the company with higher profit margins. If we do a billion in revs this year (and we will) we need something like 50 cents per share to get this stock really moving. Even if we get only 25 cents it would still be a double from this last year and the stock would move higher.
I caught it climb and it was simply a repeat of th e now released annual. Three guys asked questions but the only one of any interest was the guy asking what are chances still are of a delisting and the response was pretty much, "it ain't gonna' happen. They also said that from what they have seen so far in the first qtr. of the new fiscal year leads them to believe they are well on their way to a billion in revenues and I liked that. If they can pull some of that down to the bottom line they will have a really good year. Still disappointed over the stock's action today, it just seemed like it was waiting all day for something to happen and nothing ever did. Let's hope tomorrow brings back today's loss and then some.
Yeah Cal and me too with that ulcer thing. I am so disappointed in the stock today because I felt so good about it last night. The last ingredient in this puzzle will now be at 1:30 and with what happened today I am almost afraid to listen to it. I am really at a loss for today, just doesn't make sense to me and my good friend Jack.
Cal, this is especially for you as the company has provided the annual 10k you wanted. It is easy to see now why they changed auditors in the middle of the 4th qtr. as the many errors that were found were directly from that group. Thank goodness they did not affect any net bottom figures on the P&L statement.. I made a $5 wager that our stock would be bid higher than the closing trade of yesterday and somebody just put up a 5000 share Bid at $3 which wins my bet and therefor a bit of Jack will be my friend during the CC this afternoon. I am guessing somewhere between 18 to 23 cents up today following the 20 cent move yesterday. Oh what a wonderful world we live in.
Geez Cal, they released their financials for the year today and the filing of the 10k will be done in short order but all the figures are there since early today to look at. Besides that they moved the CC up to tomorrow to discuss the results of the fiscal year and the stock is behaving well. I don't think you are being fair now although upto this morning I was disappointed too. Not now and money is the name of the game and they are handing it to us on a silver platter.
And now we know why..They just moved the CC upto July1 and that is tomorrow. Bet it is all good and we trade at 3.10 early and go up from there heading into the call at 1:30. Jack Daniels, how about you and I having a conversation.
In case any of you missed the waning moments here is a recap of a VIP...With 4 minutes to go and the stock trying to rally a block of 12,000 shares at the ASK of 2.98 appeared which always scares the timid and drove the stock down to 2.92 in seconds. For the next three minutes it was 2.94 to 2,97 and I was cussing out that 12,000 share block for killing a last minute rally. Then what happens?....On the very last trade of the session 12000 shares were taken down at 2.98 which is beautiful because it takes those shares out of our way for tomorrow morning. Gentlemen, we are going higher. BTW I don't mean to hoard this space but nobody else seems to be in the posting mood?????
I want to be honest up front about my candid statement the other day that it was my intention to hold my shares until the CC on July9 but obviously things have changed rather surprisingly with the news today on all the detail they were going to release on July9 and now I am not sure of my plans. I am convinced the stock will be higher later this year but am willing to part with it on any further rally. You guys do what is best for you and let's all make some good money.
I would like to celebrate this sudden jump in volume and in price but I am going to hold back because I believe it is related to the heavy selling late Friday with short sellers doing all the damage. If that is correct and they are rebalancing now it is simply a case of covering those shorts and will subside soon. Hope I am wrong and that the buying isn't technical in nature but it looks that way.
Let's hope it is after we suffered brain damage during that Russell storm that hit us in the closing seconds Friday. I am willing to wager that come the CC next week we will be in the $3 area, give or take a nickel. The market shuts down for July4 and in fact the entire week surrounding that holiday is a non-event so you might as well get things done around the house, laundry, the lawn, etc., I wonder at the CC if management will appear wearing bags over their heads for their presentation?? The manner in which they performed the past several weeks still has me scratching my head.
Hi Cal..Don't pay any attention to that closing price, you will see an adjustment Monday morning in the opening few minutes. On my Ameritrade acct. the last trade was 554,000 shares for a total of 832, 000 but you can see the total AFTER THE CLOSE came to 1,776.000 shares so this Russell index things really gums things up. I bet we are back in the $3 area Monday and then we can relax as we approach the CC on July29. They will show some good numbers and I am sure talk about a record year in the current one. I will be glad to get all this BS behind us as we can't even enjoy watching the trading of over a million shares of the total today as they were all conducted after the close. Thank goodness this Russell thing is only once a year.
Not elated but pleased at developments thus far. Would-be buyers are for the most part on the sidelines but will have to step up to the plate in due time. The CC on July9 will be full of glowing promises about having a banner year for the company and I think that is accurate. We will have some real buying spurts between now and then (remember the 50,000 share buyer who appeared yesterday for ten minutes and drove the stock up 15 to 17 cents.). I am going to hold my position up to that date but if any of you are going to trade out please be nimble these spurts will disappear as as fast as they appear.