Given recent volatility, my guess is good earnings with cloudy outlook.
So how does one get in or out without having big impact on stock price? There are other low floaters with much higher daily volume.
Thanks so much for your response. I think well over a million shares is liquid, a lot more if the price is right - given the 2 x 200 k buys within the last 2 weeks. I too am accumulating as this appeared on my screen of depressed stocks with insider buying. I am also intrigued by the unfilled long term gap in the 30-60 area. I guess if the price moves dramatically the volume will be there. Low float stocks have a tendency to do nothing for a while and then have dramatic moves. Good luck to you and thanks so much for the informative response.
The most I ever put into a single stock was about 20% - when I was I younger and had less money. Now I dont put more than 4 or 5% max (generally 2 or 3% max). Its good to diversify. Some of the nuro like stocks will be megabaggers, some will go nowhere, others will drift into oblivion. Over time my portfolio has enabled me to quit day job.
Jennifer has been buying directly. Plus she has huge option package. JC's buying does not appear in yahoo, but if you go to sec.gov site and search for form 4 filings, you will find them
Looks like we are getting it especially since I stopped buying for now..
Which other stocks do you like at their current levels?
Drawing fat paychecks but not yet buying.
which other stocks do you like at current levels?
I cant believe my eyes. I made a small fortune last year on AFFY with most of stock sold in the teens, some in the 20's. It had unfilled gaps in the low teens and in the 5 area. These are now filled. Is anyone looking at reentry? My guess is it goes lower or is dead money for awhile. But if they can turn this thiing around we could see the mid teens again. Comments welcome
If so, how? Comments welcome
SG&A run rate is about $7M to $8M. Given low GM (15%), the company needs revenues of about $50M to break even, maybe higher if SG&A is higher. Also look for a mega R/S. On my radar but I think it will be a while.
No need to pump. Recovery over time. Patience grasshopper.
Dont get excited yet. It may continue to sleep or it may wake up slowly. Imo we are still in the first inning.
For the layman - does this mean that oil flows between 14448 and 15280 but that no oil up to 12270 ft?
If so, any idea of steady state flow rate of oil or is it too soon to tell? Thanks so much
Sales 3M vs 3.4M last year
GM 0.8 M
SG&A and Promotion: 1.4M
Loss 0.6M (2 cents) vs 2 M (6 cents) last year
Unfilled gap in the low 4's.
REED has issue with cost control. They need enormous growth to achieve profitability. Maybe they will get there. Also the one analyst that covers REED will not release his reports to the public (only institutions). If JSDA achieved a fraction of REED growth it would be a multibagger. Ditto for REED if it achieved JSDA cost control.
We both obviously believe the stock has huge upside from current levels. I will let the numbers and outlook speak for itself.
Thanks so much for the explanation and update. 3 miles is quite a depth without flowing oil. How much deeper do you think they will go?