Potential for CLFD to jump back into the buyback program again could move the needle back north of $16.00 and with lite volume, maybe we break $17.00. There seems to be an increase in telecom spending going on in the market, on infrastruture updates.
Gotta love this stock...plus the new markets that the combined company will operate in because of the Ryland markets. And up to $50m/year in operational savings.
With a rally today, we may see 9's this week. Looking for the market to start warming up the the marriage and start lifting the price. Gotta love this stock.
Sold low 8's positions today at 8.88 to 8.90. Still long and looking for another bump once the dust settles. This expands the markets for both companies and creates some economies in the operations of both. Isn't this a great country!
It would be nice to see a little short squeeze over the next few days...especially with about 11% of the float being shorted. GLTA