If you think that it is better not to buy today because EJ will be cheaper tomorrow, guess again ! When you beat earnings, revenue and guidance BIG TIME it usually takes 3 days to settle down to the TRUE VALUE of the stock that reflects where it's going in the next quarter and year.
You could get lucky and catch "stop loss orders" being trigger but that only last seconds and if you not watching it when it happens you lose. It's not over ! A lot of "shorts" need to do damage control which may mean run the PPS up to overvalue and then short again. I'am talking about the large hedge funds, they can run the stock down or if overwhelmed join in and run the PPS up to overvalue so they can short again. The small time investors, both short and longs, have no resources to control the PPS.
Because I'am not that good but I'am looking for a 20% gain in the PPS over the next 3 days. The reason I think that is because EJ has been hammered for the last month and is due a bounce from being way undervalued. If you buy today I still think you have 2 up days coming. Good Luck!
EJ HITS a HOMERUN all the way around ! Should be a great day for EJ but it is a Chinese stock so you never know. Only 402 premarket shares traded at 0655 so we need volume to set the price.
Look at the bright side, the MOST important thing today is the drop off in volume as the day went on. That is an important sign, it means all the people that want out are out and the falling knife has stopped falling! If you are thinking of buying the base may have formed. If the shorts feel the base has formed the last half hour of trading today could be an uptick.
This is not a new company with no direction. This is a company that knows where it wants to go and with the new mgmt. there will be a strong push to make things happen. All the bad things have been written off the last quarter and they are hiring a lot of new people on their web site.
As bad as things look now I see a lot of good things for the future. Their not just going to be sitting on their hands!
2,500,000 shares of its common stock, for gross proceeds of $26,625,000. The offering is subject to customary closing conditions and is expected to close on or about May 19, 2014.
No way of telling it the 2.5M shares were sold since those shares don't show up in the volume since they are not trades. Many times after the offering the PPS will fall since there is no longer an effort to keep the PPS up. Usually that is only a short term thing.
Zacks upgraded SMT to a BUY, Jaywalk last update was 5/19 and they have SMT as a hold. We have a lot of new people that are planning the future of SMT that may have set the bar a little low so they can exceed the goals of the investors. If you go thur all the numbers on they web site, their earnings and revenues are changing from different world markets and a change in product lines. With new blood driving the growth of SMT this could be a great stock but it will take time and at the current PPS there could be a take over.
The (.05) the company reports was "adjusted" earnings but Zacks list it as a "miss" from the expected (.06) of 50%. That could also explain part of the 37% haircut. Anyway they moved to upgrade the stock to a BUY as of today. It was a hold on Friday.
I don't see any warrant for this to drop 35% on the earnings they had and Almost All before the Bell
There are a number of reasons for todays reaction. The major change in MGMT. is a good thing long term but an upsetting thing for the short term. On the negative side the Liabilities are greater than the assets which is a serious bad sign. In addition the book value is negative. On the good side sign the new mgmt. is going on offense with 8 new jobs postings in the last 2 weeks. They also are going after new broad members to change, improve, their business plan ! The new jobs are listed on their web site.
Things ARE HAPPENING at SMT and this could be the bottom floor but it will take time for the results.
Another possible action is a buyout with a company like Leap Frog that needs a more rounded kids product line so they are not a one trick pony. They have a world class marketing network so they could cut down on that cost AND THEY HAVE CASH !
Your a real JERK . Since your OUT we don't need to hear from you again !
If THINGS WERE THAT BAD, the company should have issued a warning not hide the truth from the investors. When a stock loses a third of its value somebody was not doing their job !
I'am a member of ZACKS which is a great service but in this case I don't agree with them. My issue is the mgmt. and their "Stock offering" that couldn't come at a worst time to hurt both the company and the shareholders and I consider is a bad way to raise money on the back of the shareholders. Once this offering is over the PPS may go either way for awhile but long term the mgmt. does know how to make money. Seems to me it's a little late to be selling now a company that has had a super great 1 year chart and tract record. They sell a product that sooner or later people must buy. I'am not buying at these low prices just now but I will not sell either. Good Luck!
superbowl6wins • Apr 3, 2014 2:36 PM Remove
Zacks Rates ABTL as a 4 (Sell)
Seems they don't have their act together as of today .
That was my old post Apr 3,
That was over a month and a half ago when the PPS was 13.80 so don't blame Zacks for the last 2 bucks you lost.
Zacks is not always right BUT THEY ARE RIGHT MORE TIMES THAN WRONG! They do not hold stock, sell stock, or PROMOTE ANY STOCK. It cost 200 bucks a year I would pay 4X that for their information. !t Works for me. I still have ABTL on "Watch". Good Luck and I do think ABTL will do well Long Term.
OESX Orion Energy price target lowered to $6 from $8 at Roth Capital
Roth Capital cut its price target on Orion after the company reported results that the firm views as disappointing. However, the firm continues to expect the company to benefit from demand for high efficiency lighting, and it keeps a Buy rating on the shares.
I think Roth Capital got it right keeping a "BUY" rating on OESX as they work thur a number of changes in product lines and personnel due to mergers and cost cutting. I think this could be a 12 dollar stock by the end of the year. Good Luck !
DXYN The Dixie Group reinstated with a Strong Buy at Raymond James
May 12, 2014
06:32 EDT DXYN The Dixie Group files to sell 2.5M shares of common stock
Wells Fargo Securities and Raymond James are joint book-running managers for the offering.
Sure Raymond James gives DXYN a "STRONG BUY", their the ones trying to sell the "OFFERING" and take your money for their profits.. At the same time ZACKS downgrades DXYN to the LOWEST RATING, STRONG SELL !. Lets see, who do we believe, an independent research firm, or the firm trying to sell B S and take your money. CROOKS!
That stock offering was a big mistake for both , the shareholders and DXYN. MGMT needs to buy back their stock and put it in the bank raising the PPS, then sell when they need it without any dilution to the shareholders or borrow the cash that's needed but don't just steal value from the shareholders while insiders's friends can make money knowing the offering was coming. The field is not level. The small investor always gets screwed ! From $18 to $11 in little more than a month and mgmt. piles on with an offering ! Not very smart. If you are going to have an offering you do it at the high not the low that would help ease the pain for the shareholder and get the company the most money. I'am done !
Strange trading day for VTNR and a very bright future ahead with revenues estimated to double and earnings to triple. Makes you wonder if someone was just buying up cheap shares before an upgrade or were traders really that disappointed in the ER.
Anyway, I would not be out of this stock with the current PE, PEG, Cash on hand, and next quarter estimates.
Good Luck Longs !
I'am betting we will see green tomorrow!
It may not be as bad as you think. You can throw out the after and premarket action and the first hour of day trading. The results are not black and white . You can't mix apples and oranges with the product mix changing and the mergers mixed in. Lets see what happens when the big boys start trading... More
Not bragging, not that good, just been around the block a few times in my 68 years.