When someone decides they want to buy a few shares. When the volume is this low, whether the price is $3 or 3 cents makes no difference since it is meaningless.
Perhaps tonight's Gamestop results will provide a catalyst for tomorrow.
Bottomline....stock isn't moving up until someone decides to buy some shares.
on and on and on. I think fair value today is about $6.00 and that should grow at about 25% per year for the rest of the decade. Enjoy the ride.
myself to keep me sane (maybe) is....If I could buy the entire company for the current share price, would it be a good deal? With MCZ the answer is "Yes". It would cost about $36million-ish. Bottom line net income this FY is likely (conservatively) to be 5 or 6million so that part is solid. Even if only half, still just fine as an investment. Cash generation is even better. Forward prospects are good, or better. Certainly still a bit of fat that could be cut if one had to. Many exit strategies would also be possible, sale to bigger fish, sale to private equity, IPO at optimum time, etc.
hulk, You are smarter than you smell. Oh, by the way, wonder why CA keeps killing off solar and tide projects? Several big new coal mines finally approved as well. Cheers.
INVE did a 10 for 1 reverse split a couple months ago for some of the same reasons that NRZ is doing it. INVE has more than doubled UPWARD since the split. Another, maybe 5 years ago I owned OTIX when they did a reverse split, stock more than tripled afterward and was bought out. I've been through a couple other good ones as well.
I believe the reverse split is the right move for NRZ given the type of investors they need to attract.
...oh, and did I mention....the sun doesn't always shine and wind doesn't always blow. That's right, you need to build a redundant power plant for back up.....so, what's the point?
1. ANR and ACI are obviously buys. They are at multi-decade lows. Coal supplies 40 - 45% of all US electricity and that is forecast to decline to 38 - 42% by 2040...40!...twentyFORTY.
2. There is NOTHING I hate more than a windmill. NOTHING. It pollutes a gorgeous landscape for thousands of square miles. There is nothing uglier today than driving across northern Illinois or Indiana. And it's not just "looks", you cannot safely live within several miles of these things due to the pulsating pressure waves driving you insane.....the eagles, hawks, geese, and other birds are the lucky ones, they die fast.
3. Solar (like windmills) could not survive without government subsidies. Solar "looks" fine but small systems rely on batteries. There is NOTHING (other than windmills) worse for our environment than a battery. Again, without subsidies, solar is done.
4. Natural gas. Sure, it burns relatively clean but the damage due to fracking is super scary, lots of chemicals, impacting water, causing earthquakes. Wanna live in Oklahoma? The unregulated release of methane is bad.
5. Technology is the continued salvation for coal. It can (and is) burned as clean as natural gas.
6. Now, ask yourself, would you rather live near (within 5 miles) a coal mine (open pit or otherwise) or a windmill or a fracked nat gas field or large solar basin? The only one of these that is invisible unless you are on top of it is a coal mine. It doesn't pollute the view, it doesn't pollute the water, and you know exactly what is happening.
7. Creatures like hulk and jimjohn are pieces of garbage. What a waste of a human(?) body.
8. Try to make steel using the sun, the wind, and natural gas. Good luck.
It's interesting stuff. For me, there is usually a single point in time for each stock where I KNOW it is going to go up, 100% certainty.
For INVE, it was when they closed it at 99 cents on day 10 to make sure it would not meet the listing requirement and made the reverse split make sense. Hart wanted that from day 1.
For MCZ, it was a couple 3 quarters ago when it traded down to about 35-37 cents post earnings but then moved steadily higher the next day. That was so uncharacteristic that, for me, I knew it was going up from there.
For HTCH, it was while reading the recent earnings PR when they discussed OIS. Just added some sizzle to a great steak.
For SPDC, it was when I was at the shareholder meeting the day they introduced Willis as the new CEO.
For VTSI, ANR, ACI, ABHI....it hasn't yet happened for me. They will all go higher, but I just don't KNOW.
Apparently so:)........Hey bodybag, Were you the person who turned me onto INVE back when it was about $8 (80 cents pre-Rsplit)?
Please attend the shareholder meeting and ask him to explain why he his salary is so high even as he fails to create shareholder value.
llewellynlord, I do not believe "the big buyer" has jumped to the other side, unless he is doing so simply to temporarily drive down the price by sacrificing a few shares. I would like to say "time will tell" but I doubt any of us will ever know exactly why this is happening even after the stock powers higher.
Not true, you can short as many as you want. Great idea! Please short as many as possible. Sheer brilliance. Wow!
charboneus, Congrats on your profits and current HTCH position, nothing is better than profits. Just a couple thoughts.....my point on 1.90 was maybe it would have bottomed at 2.50 or 2.70 if not for the crummy small cap market at the time......large holder scaling out, well the good thing is that no matter how many shares any one person owns, it is easy to get out or in when volume is over 1 million shares.....doubt there are many individuals with more than 500,000 shares....and finally, this stock does have the potential to be a $50 stock in 18-36 months, HDD susp earnings of $1 and rapidly ramping OIS earnings of 50 cents and maybe some pure cash licensing OIS deals of 50 cents would make $50 a slam dunk. Note, I said potential, not probable, not anything else, just a maybe. Fun times and happy trading....buy the dips.
Oh well. I thought I'd throw out a fishing line and see what I'd catch. You are more savvy about this sort of stuff than I. Soon someone WILL throw the switch...
many shares are currently for sale at 59/60/61 cents? I haven't been watching all that close the last several days, perhaps someone has seen some large numbers flashing at the ask or maybe when the ask disappears it is immediately replaced in a concerted effort or perhaps some other observation.
I don't know. My guess is the only reason it went to $1.90 was due to the crummy small cap market. Now I think HTCH is trading entirely on its own merits and will perform independently of the overall market.
Every one day chart for the last couple weeks is sssooooo bullish for HTCH. Today is perfect example, it goes up on big volume purchases and drifts lower on tiny sells. The pros are coming in and little guys are losing shares to the big boys. Stay long and strong and buy the dips (like now) if you can.
to move up a bit. At today's market cap, the HDD suspension business is still valued at half price (ok, maybe 60%) and the OIS business is valued at about nothing! I sort of think when the market wakes up and understands what Hutch has done with both businesses that HTCH will be much higher. There are 3 analysts whose estimates and target stock prices are starting to look very stupid. Will they get on board or double down on stupidity? Fun times ahead.
If I got thumbs down for being boring or stating the obvious or wasting computer memory then I understand. If I got thumbs down for the content of the post then it makes no sense since there was a little something there for everyone. Or maybe someone doesn't like me......aaawwww, I'm starting to cry.
I actually do not believe the stock will stay dead for very long. If I had to bet my life, I would guess that by about September 10th (one week after labor day weekend) the stock will be 40 or 50% higher than today.
(apparently) interest in the stock can dry up this quickly following an upbeat earnings release and upbeat Needham presentation. Either the CEO wasn't talking to the right people at the conference (not possible) or all fund managers are total dweebs (possible).
I don't really buy any sort of manipulation theory at this point. I do believe most traders and investors are stupid unable to look ahead any further than their nose.
Between now and early November is going to drag.....unless the big buyer(s) decide to launch it to $1+ in 1 day with some 100k share buy orders.....that's all it would take.