I am fully aware what's been going on in the market lately, however MFRI has been on a downward trend over this last year from a high of $13+ to a low of $4.68. That's what I am talking about!!!! So it,s not really due to current market conditions.
One more question for you before I sell. At the end of quarter April 2013, they supposedly had a $99mil order backlog, the same as at the quarter ending April 2015. The stock moved up from $7.69 at the end of April to as high as $17.50 by Feb 2014 Unfortunately, during that period was when I bought my shares at $13.40.
Also unfortunately I did not sell at the high, hoping that it move higher. The rest is history !!!
The question is that the backlog at the quarter ending April 2015 was again 99Mil why is stock not advancing as it did in 2013. In addition you keep talking about additional contracts in the works
What happened today???? Big volume and down at the end of trading !!!!
I don't know ted10054, this stock looks more like it's breaking down instead of breaking out.!!!
As a matter of fact it could hit a new low today, if it goes down another 5 cents !!!
In other words, it's still a pig. Once a pig always a pig. I guess Moynihan still has to go along with all the other high level departures recently.
I think that's what the analysts are still after !!!!
They will raise dividend in 3rd quarter after government approves their survival plan. I would not be surprised to see it go up to $.40 from current $.20
1.] you mentioned that WSTL is in a hiring mode, which might indicate that company is growing. If so, lets hope it's not more useless V.P.'s
2.] I am not a Techy, therefore can you explain to me what "DAS" is, since that appears to be a latest "buzz term"???? Thanks
Thanks for your encouragement, however today again, stock went down and again last sale was at the low of the day $5.81. someone always seems to come in at the end of the trading day and slams the price down!!!!
I think the seller is still around. The last two days the stock turned red in the last couple of minutes after being up most of the day. Also on both days it was sold at the bid price.!!!!
With your forecasted break out and powerful up move, can I expect to recover most of my paper losses?? I purchased my shares @ $13.50