With a book value of over $4.50 you would think that there would be a limit to the drop.... In at about $1 average - Would like to average down - but don't how long this will be dead money???
Volume is coming in at the end of the day - Lets see if we can paint the tape @ $6 plus....
For that reason it doesn't seem like this stock should have the volatility that it does. ... 5% plus swings in day with no news on a fairly regular basis. - Manipulation?
Thats the cash that GOOG is sitting on...And growing daily. How many acquisitions (good ones) could they make? How many shares could they/should they, buy back? - How much of dividend could/should they pay out? - What would you do with the money?
time for First Manhattan Company to step up and buy a couple million more shares. - And for the company to buy a couple more million treasury shares. Sucking up five million shares or so should be enough to get this moving again.
With over $3 per share in cash on hand and book value of over $5 You can buy a share of CNTF for $1 and get two more dollars worth of cash for free.... Seems like a pretty good deal! Even though my average cost is about $1.2 - I had to add more again. This can't stay at this level for very long. - -- Or we would be better off voting to lock the doors and splitting up the cash.... Buy backs - take over bids? Something significant has to happen.
We will see - not too bad in after hours. - i took half of my position off the table this afternoon. - Might be able to buy the shares back a better price yet this week.??