in reoly to Hopeful noting how the overall stock market has become fixated on the short term (the next earnings report) rather than long term wealth building. I agree about 100% with that observation but I tend to think it is a rather short term phenomenon that will play itself out over the next year. I believe that much of this short term mentality is due to uneasiness about several things going on right now in the USA and world....namely US presidential election, impact of refugees on Europe, and concern regarding oil prices.
Sadly (for me) is that I believe if Hillary wins, the stock market explodes upward. I don't think Cruz can win but I think Trump might. He is an unknown from the perspective of the markets so that would create some volatility. Same if Bernie wins.....and (sadly) he could.
The oil price thing seems to be working itself out and is in the process of becoming old news.
Refugees.....that will be the new norm forever. Old Europe is long gone already.
All I know is I am happy that clearly the company is being run by the new Sheriff. There is no longer a "status quo" "business as usual" mentality. From my perspective, I would rather see the company err in the direction of action/change rather than doing nothing.
I was not wondering who was selling. Whenever a stock doubles or triples there are going to be a steady stream of sellers. The part I find rather amusing today is that you (b_fr_nk) of all people seem surprised that someone would book some profits? Hopeful never lies about anything and he was not the one selling yesterday. He clearly stated he lightened up in the upper 13s/low14s. I would also be willing to bet my left one that you, b_fr_nk, also did plenty of buying/selling as NAII moved up from 6 to 14.
Well that is a boatload of shares! I hope it goes up to 15 or 20 in a hurry, that would be sweet for you.
If he tried to take it private at $2.40 today he would succeed!
There was no NEXTradio 6 years ago.
I wasn't a shareholder 6 years ago.
I think it is simply several large retailers selling off shares and other retailers building positions. micro's post below sort of fits in with that sort of thing. It also seems possible that some other relatively large retailers like maybe hopeful and jay and extremejim have also sold out of some of their shares. But no way to know anything for sure.
Simply looks like someone decided to sell a few shares. Great opportunity to buy shares for the rest of us. Earnings are only 3 or so weeks away!
pay attention to the trading volume as the stock made its significant moves up and down. It is clear (crystal) where this is headed as there has been so much more volume on the moves up. Don't misunderstand, I am first and foremost on who bases expectations on fundamentals and not charts. But I do use charts a wee bit to make sure perceptions support reality.
Ah, thanks. I will watch for it. I like Tim, he does great research and we've traded a few emails and phone calls over the years. He moves his money around a little faster than what I prefer but it works great for him. I move slower but that works for me as well. All of us seem to have a slant toward stocks like these which is why we are all still in the game.
....thus so is the stock! 5 analysts. If you wonder whether or not RFP is a buy at this level, look at the multi-year chart.
I don't think you should be out of NAII as it is likely headed higher. I thought you might be out simply because NAII has gone up considerably and I thought you only owned 1 stock at a time. Good you are diversifying with 2!
Fantastic return in a short time. Yes I agree. And I apologize, I tend to wax unpoetically and exaggerate for effect...stupid me.
....but now you told me something new that does make me worry a bit.....that your trade was in a taxable account....so your gain is still great but is much less than $675....and it is too risky to do that sort of thing with money you plan to use in a year or three....at least in my opinion.
I do wish you well and hope all your trades are profitable.
You made $675 and you feel good about it? You really are a waste of a lifeform (too harsh I know so don't take it personally). What is wrong with people like you? If you are going to do that sort of stuff (flip), do it with a huge massively liquid stock that bounces around. BAC is my favorite for those games.
Think about it, the stock moved 30% and you only made $675 and it took a few weeks or a month. Whatever.
How much of their debt is non-recourse? Why is this necessarily a good thing? I admit to being a bit clueless about this topic (and many others)?
Micro did some posting today so he is still at it. Although now that I've owned KTCC for a month or so I understand why he is so cranky. I only have a few shares of that thing and I already have come to hate it as it never moves.
joey, I think you are way off-based with your speculation. First, if something was even close to being "real" the company would have to disclose it. Even if it is only some verbal stuff and head nods, it has to be disclosed. Second, the company is not acting like they want to be bought as they are hiring some very key positions right now. That would not happen if a buyout was to happen soon.
All that said, the one thing that does scream "takeover/buyout" to me is that they put the former CFO in the CEO role. But I don't know her so maybe she was ready. The decisive moves being made suggests she is playing for keeps so that is a good sign.
March 31 numbers available on the Nasdaq site. Short interest is about 571k shares up from about 525k on March 15 and about the same as 564k shares on Feb 28. About all this tells us is there are a few penny flippers here messin around with peanuts in both directions. All very small-time and insignificant.....as we all already know from readings its posts.
I would guess they are now structured to be profitable at any revenue level above about 15mil per quarter as long as it is a decent mix of the brands. I would expect every quarter of the current FY to have bottom line profit (as in net income, positive EPS). Likely EPS of 6 to 8 cents for current FY.