Cant see an insider buying to encourage a pump & dump. Its a very unusual buy, thats for sure but i really dont think many insiders typically buy because of or into a pump & dump.
Hard to say if this is a pump & dump right now. Its like being in a bubble, Hard to tell until later on,
I simply havent done any work here. Period. And I havent sold a single share so I hope its not a pump & dump.
As for PSUN, Must have had 4-5 rounds in that stock over the years. Never really bought in to the new mgmt and I havent paid much attention in years but clearly there was money to be made when it looked the worst.
My last buy was a 76 cents and then sold out at $3.99-6.49 with the last being a sale at $4.49 on 9/23/10.
He shorts fed fund futures as his own personal chartity. What he wont tell the masses is he loses FAR more on them than he makes on any single stock. He could have fed millions of starving kids with just a portion of his feds funds future losses !
Sure is odd to see an inider pay a 68% premium to what he just paid a few weeks prior.
Hey, isnt he your buddy from Imation ?
Look toward the following year, Estimates were in the $1.60 range prior to tdoays release & probably the refinancings.
Lots of leverage and with the refinancing, maybe they can earn $2.00-2.25.
At a 12 multiple, thats $24-27. And maybe they earn MORE than $2-2.25 !
$19.50 is a nice run from my last buy at $3.51 11-14-11. Just kicking myself for not buying about 10 times more than I did back then. At the time, it looked like they were knocking on bankruptcys door.
Now, they are awash in liquidity.
Harsha seems to think they are going to have even more cash at year end.
verus 9 cents last year.
I compute cash per diluted share to be $3.416. ($111.276 mill divided by 32.571)
They just cant seem to stop the sales slide.
Have no idea why they need to sit on all that cash.
Hope Harsha gives 'em heck in the call.
Somehow, I doubt you paid $2.50.
I paid $1.56 on 1-9-09,$1.03 on 3-10-09 and $1.75 on 6-29-10.
Been peeling off shares as it went higher with my last sale at $6.99 on 4-25-13.
Prior to that I sold at $6.49 and $5.49 in late 2011.
Ive had denn on ignore for a long time because he is a proven idiot.
the importance of the lesson of having patience ?
I own every share of RCKY I bought at $2.26...current price $16.27
I own every share of BONT I bought at $3.51...current price $19.00
I own every share of STC I bought at $9.06... current price $29.54
Yeah, I just have no patience. Now, if I had blown a million or so on highly speculative fed funds futures, THAT would show the lesson of patience !
A whole new ballgame now.
Kicking myself for selling some last week at $5.49. We may never see those prices again.
This could be a triple from here.
went back & figured it up.
My average cost is $2.671.
I sold about 19% of what I bought total at $3.74 avg. (And bought more twice after my 3.97 sale in 11/09. That would have been the time to have sold it all.
This bull market has been showing me that even big losers can turn into winners.
LACO wasnt my biggest loser but it has been disappointing for sure.
Hopefully the upcoming hype can get us back above $5.
And wouldnt it be nice if they could go a few years without writing stuff down ?
It seems nobody within LACO has even been held accountable. Certainly not the top 2 guys.
Less than 10%.
Been owning LACO, this time, going back to 7/08 at $4.51. I averaged down multiple times and sold a little (way too little in hindsight) at $3.97 11/09.. My last 2 buys were at $1.85 and $2.06 but most of them were at higher prices.
This message board has proven to be a total wasteland as I have most posters on ignore.
Pleased the stock is up. Hope it continues.
One things for sure, there hasnt been any insider buying in recent years.
Afterhours quotes are meaningless 98% of the time.
Its like going to a casino.only the odds are even worse.
Whats wrong with being a shameless tout ? Seriously ?
Ask LTF about his shameless touts at $6 three years ago.
Yeah, but a slightly discounted secondary with a dozen or more partcipants each getting less than they wanted could provide longer term support.
What we dont know is how cheap they are willing to sell shares.
Will they sell as low as $4 ?
Will we find out every quarter in the 10q ?
I havent kept up with their SEC filings since buying many years ago.
A quarterly conference call sure wouldnt hurt. Unless they have something to hide.
(Like what are pie 5 Same store sales ?)
Special Opportunities Inc might be better.
Unless they are planning on turning this into some kind of mini-berkshire hathaway.
And maybe they are ? Maybe this will be Becker Drapkins public vehicle ?
I just know that they've got a good track record and they got me in this piece of #$%$ (In hindsight) and its the only one that hasnt worked out. (yet)
They last bought at $1.18 but there hasnt been any insider buying recently. Of course, they are probably prohibited from buying now anyway.
I own it at $1.362 avg.
First bought at $1.67 9/23/11.
Then added more at $1.71 11/30/11
And then doubled up at $1.01 11/19/12
I guess my cost basis is lower than Becker Drapkins though.