Exactly! We're simply rounding out the base. The downgrade makes them look foolish. It did hit the "fly" so expect the rough push downward. Today, maybe again tomorrow. In the meanwhile, even if the margins were half with essentially no long term debt and the way the entire world is moving... Gotta love it...Benchmark didn't tell you to buy it (who would?), they said to hold it. LOL Company is no more valued than it was over a year ago? Was Benchmark providing cover for those who need to cover? Investors and early traders giddyup!
A blast from the past -- blurb posted on TheFly last Dec --
VMW was down during the day, posted at the end of the day and gapped up big afterhours. Shorts should know this but will longs hold strong? The LemonCrush to $18 was uncalled for but...let's let bygones be bygones. After all the pattern seemed to be all fixed from the get-go as others on this MB have already commented.
Technically getting stronger by the day, fundamentally strong = buy.
Meanwhile, results after the bell from Qualcomm (Nasdaq: QCOM - News), F5 (Nasdaq: FFIV - News), and Apple (Nasdaq: AAPL - News) seem to indicate that fears about the impact of Japan on the supply chain may be somewhat overblown.
Consider taking a bit of your profits and letting the rest ride on cruise control or buckle in for what I think may be for some consolidation days. It also minimizes your downside risk. Outlook depends on whether you're a short term trader or longer term trader/investor. At any rate, at this point after the pop and run it's time to reassess and make sure you're being consistent with your own style of how you participate in this market.
Close below $13.50? No, I don't think so...not this day.
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Stellar Six Stock Picks- CNBC
We are in agreement re:VOLC!
A very nice group of stock picks and a nice contrast to the usual suggestions put out by many and the bizarre picks put out by others.
On behalf of those who are long and check the MB but do not post - Please continue to go forth with integrity without contributing to the sell out of the retail investors. Continue to help the retail investors and the institutional investors align and get our markets truly on track without the smoke-and-mirrors.
New Product for Release in Japan
May be why the Japan events not seen as being that material.
"clearance to market the PrimeWire PRESTIGE® pressure guide wire in Japan."
Any Docs out there with any experience or have heard anything about this product? Possibly attended the conference?
9.7M sh and with the exception of the opening a negative on-balance volume until the last hour. Now that's incredible. That's investing in the midst of the big players. JPM, MS, the Quants and all the rest. That's institutional rotation around an implicitly agreed upon price point. A short squeeze situation was averted. Some institutions wanted on and other institutions wanted off. Overall selling though net money flow negative. The HFT programs kicked in and kept it range bound basically the entire day. We're just along for the ride ladies and gentlemen.
My opinion is that ISIL grinds it out from here based on fundamentals previously discussed. A good company. Making money, positive cash flows/ROA, good revenues, not too big & not too small (could be assimilated), actually makes a product. To longs, undervalued. Some time might be needed to get away from the front page takeover talk. It made some watch lists today. Into the great machine it goes. I'd expect the MB spam to start relatively soon. Unfortunate, but there's profit to be made. O's did change to X's today on traditional P&F.
If you bought today and you're down and you're looking for advice: Go long, don't overallocate. The computers will pick you up and grind you like you wouldn't believe. Stick with it, it's worth a shot. Hope, Trust or Hopefully Trust that neither the GOV, the Institutions, the Hired Media (doing you a service of course) and/or that even ISIL doesn't sell the retail investor out. HAVE A PLAN. Plan for it NOT to be THAT EASY. Make no doubt, “This is Thunderdome”. Best of luck to all. Make no doubt, I have no allusions that I'm all that great- that I'll be in this stock in 2 months or even 2 weeks, but I've experienced a thing or two and am just sharing an opinion FWIW.
Yes, it looks like $12.50 is gone. The AH $13.10 puts us at the base from that horrendous drop in FEB. That could fill fast or it could grind upwards but I would not want to be on the short side of this trade, especially given some of the fundamentals that you've mentioned.
There will be some who will trade right off the bat and this might present either a covering, re-entry or buying opportunity.
Any chartists out there may be looking around Sept 20.
Despite the quake and tsunami's devastating impact, only a small portion of Volcano's business is in the most affected region, President and Chief Executive Scott Huennekens said.
"It's not really that material," he said, speaking in an interview on the sidelines of the American College of Cardiology's annual conference.
Analysts are expecting sales in Japan to rise at least 25% again this year, eclipsing $100 million. Only about $8 million of that is in the most affected part of Japan, where all but one hospital have still been doing procedures in recent weeks, Huennekens said.
7.6% short interest according to nasdaq as of last stats.
Tide will turn. 0's -> X's on traditional P&F
Punching through resistance.
Many other technicals will turn.
Slow shorts should cover.
OT: FWIW - STEC down on no news today (TMF is not enough).
At lower price than when the Zack's #1 snippet was put out Mar 15 -
Andrew Edward "I know you are but what am I?" Left
0253075 LEFT, ANDREW EDWARD
• C.R.2-29(a)(1) - FRAUDULENT COMM. TO PUBLIC PROHIB.
• C.R.2-2(a) - CHEAT,FRAUD DECEIVE CUSTOMERS
0253075 LEFT, ANDREW EDWARD
• RESTRICTIONS ON ACTIVITIES 2 YRS
• REQUIRED TO TAPE RECORD 2 YRS
• TEMPORARY BAR FROM NFA MEMBERSHIP 3 YRS
• MAY NOT SUPERVISE 2 YRS
• OTHER--SEE NARRATIVE
Impressive Warrlock. Indeed you are! Predict the SAR and rule the stock. You always make more money than you lose I bet.
I am curious... the stock drops hard on the changing of the SAR but within a few days it is over. It would seem that the fundamentals then take over. What is your take now that the stock has dropped and looking at the fact that gsi, skbi, and cbpo have all rallied since dropping Frost? CVVT appears to be following the trend.
Auditors come and auditors go. It would seem that any company worth its salt would consider changing given what has come to light.
Do you follow or are you strictly technical?
The decision point is coming but what is your long term bias? Or is it irrelevant?
Those higher expenses will be welcome if it squelches any rumors put out on a blog, not to mention by an analyst. Great news today and ironically the stock up only 2 cents. It's as if the great computer was put on "keep it range bound until we get back".
Seen this before. This company has got the "fight for its right to party". So far, it's all good.
Look around. So many killjoys it's amazing.
The decision to change the Company's independent auditor was recommended, authorized and approved by China Valves' board of directors on December 27, 2010. In addition to making progress with the shift to one of Big Four audit firms, the Company has committed to improving its internal controls by strengthening its internal audit and financial reporting function by hiring two qualified financial personnel with Big Four auditing background.
The Company has met and received proposals from select Big Four audit firms, and is in advanced stages of negotiation with one of them. Both parties are proceeding with signing the letter of engagement in due course.
"We are committed to establishing the highest standards of financial transparency and believe that a transition to a Big Four audit firm is a required next step for us," said Mr. Jianbao Wang, the Chief Executive Officer of China Valves. "We fully appreciate the professional services rendered by the audit team of Frazer Frost LLP in the past."
In terms of the China Rate Hike at least part of the company gets High Tech Enterprise Status for 3 years.
investorplaceasia . com
September 2, 2010
Strong Start to Global Markets in September
Good News From China's Manufacturing Sector
Today the second string went to work. It looks like the head-fake worked.
"Asia Stocks Rise for a Third Day as U.S. Growth Report Bolsters Confidence"
This company is hitting on all cylinders. These hit jobs are pathetic. It's one thing to bash companies that are overladen with debt, but this isn't the case with many Asian companies.
AS for Frost. The fine the company paid isn't much more than the legal fees, the coffee and munchies. It's all good.
Buy on the dips.
When the economy gets tough.. It's hardly about CVVT. It's about taking business from Frost and redistributing it to other "well respected" firms. Why? Thinking ahead it's all about the $$$, just like it always is.
Bottomline, these dips are great for accumulating shares and taking them away from shorts. Days like these allow the shorts to cover with ease.
Shorter term catalysts:
- Money managers watching their performance suddenly starting to lag their peers at the end of the year. Picture end of year bonuses based on relative performance.
All shares shorted since last May-Jun are basically in the negative.
- Little people “Big” in their own minds having to explain to their spouses how they lost so much money.
- No one wanting to start out in the negative in the new year. Nothing like spending months to dig and hope oneself out of a hole because of one's ego.
Intermediate term catalysts:
- Things you've already noted in your post.
Longer term catalysts:
- “Wave was also pleased to receive favorable testimonials from customers such as Boston Medical Center and PricewaterhouseCoopers.”
- "We believe this exposure will prove to be an important catalyst to sales opportunities in the coming months and quarters. Further, as the review of recent progress and developments attests, we believe that interest in hardware-based security solutions is building and that Wave is positioned to benefit."
Risk: Company cash and expenses. The company selling out investors via dilution.
Best YMB feature: Ignore user. It really cleans up a lot of the boards.
“Below are the top five companies in the Systems Software industry as measured by the short interest ratio. A higher short interest ratio may indicate the potential for a sizeable short squeeze.
Wave Systems (WAVX) has a short interest ratio of 20.8 based on average daily volume of 345,000 shares and 7.2 million shares short. That equates to 8.9% of the 81.2 million shares outstanding.”
Huge amount of shares and only a slight increase:
- Either short biased traders are working overtime or those holding or inclined to buy don't know when they've got a tiger by the tail.
The 7.2 M shares is based on older data but the gig will be up in the next couple of days when the short % is updated and the playing field is momentarily as level as it will ever be for the next two weeks.
No doubt MILLIONS of shares are short and will be covering as the price continues to move up. Who gives up a profit? The same people who short KNOW how to read a chart.
Hold strong longs, "Up An' Atom".
Buy some shares and apply a screwdriver to a “short”, just like you've always wanted to do.
It will take time for the fundamentals to catch up with the real-time company improvements.
The company is not going to come to the rescue of the shorts; a higher stock price is in its best interest.
GLTA...except the shorts.
I don't plan on spending much time on this board. Those with an opposite POV can go at it.