Post by
bankerboy28 on Mar 31, 2014 4:12pm
Anonymous in last 15 minutes
prop up pricing....usually not a good sign except they do not want the price to keep falling below $2....they want the price to stay supported and it may even run up a little into the April 15 results which will not likely be good ...and then the price will sell off...I think they have inventory issue with old product write offs....time will tell...BB28
Comment by
hoffbag on Mar 31, 2014 5:31pm
sounds reasonable. I also read in their presentations that Comcast is a customer. I wonder if Apple deal is impacting them.
Comment by
bankerboy28 on Mar 31, 2014 9:58pm
something is definately up with results....the price in the last 3 weeks has basically gone from around $2.90 ish to low of around $2.00 ish.....thats a pretty good haircut and its just happens to be around the time of results being announced mid April...and then the anonymous bids to keep the price up is just too much of a coincidence.....BB28
Comment by
hoffbag on Apr 01, 2014 9:05am
Market cap is 100M now so it gets interesting. Will have to evaluate their cash position and sales. If cash position is still decent (25% of cap) and their sales are at least in a 40M annual range the downside should be somewhat limited. The market has a slow ramp of new products built into the price already.