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Today could be interesting: Autobytel Inc., Annual General Meeting, Jun 20, 2013
Apr 29 13
Autobytel Inc., Annual General Meeting, Jun 20, 2013., at 10:00 Pacific Daylight. Location: 18872 MacArthur Boulevard, Suite 200. Agenda: To elect two Class III directors; to approve an amendment to the company's certificate of incorporation to reduce the number of authorized shares of the company's common stock, $0.001 par value per share and to clarify the authority of the board of directors to fix the voting rights of any preferred stock issued under the certificate of incorporation's existing preferred stock authorization provision; to hold an advisory vote on the compensation of the company's named executive officers; to hold an advisory vote to determine the frequency of future advisory votes on the compensation of the company's named executive officers; to ratify the appointment by the company's Audit Committee of Moss Adams LLP as the company's independent registered public accounting firm for 2013; and to transact such other business as may properly come before the Annual Meeting and any adjournment or postponement thereof.
Nothing more than you can see posted here on the board. They have a shareholders meeting, I think, on the 20th. Maybe we'll see something good come out of that. Coghill might give Coats and the BOD a big kick in the butt.
stockdoc
Thomson/Reuters/Verus 6/10/13
Consensus Ratings for Autobytel (NASDAQ:ABTL) (?)
Ratings Breakdown: 1 Hold Rating(s), 3 Buy Rating(s), 1 Strong Buy Rating(s)
Consensus Rating: Buy
ABTL Upgraded to a Buy from Hold.
stockdoc
I'm the worst stock picker in the USA. Bad luck follows me around no matter what I try to invest in, and I wouldn't advise anyone on what to invest in. Looking back, I don't think I ever actually advised anyone to invest in ABTL ....at least, I hope not. Right now, I'm just hoping ABTL gets high enough for me to break even.
Ok.
Just track this stock and see how it fares over the next 12 months.
Do you have any stock to suggest?
Thanks
I'm only trading mainstream stocks. They may be slow to show gains, but I'm not messing around with speculative stocks anymore.
stockdoc
You may want to investigate ZHNE. Stock is super cheap. They just turned profitable in last 2 qtrs after reporting losses for many years. Right now there is a reverse split overhang (as stock is below 1$) on the stock which may occur this month.
This is a nice turnaround stock. Investigate it.
Mee too. For now, looks like it is digesting (gains) like a ruminating camel. And I hope the gains are not spit out like a llama.
I'm hoping that ABTL was just taking a breather after the last run-up and now, it'll start finding it's way back up again. Maybe we got rid of the "weak hands", and bigger, better investors will show up.
That's what I'm hoping for anyways.
stockdoc
At the final stages of a market run. That's when low quality Chinese stocks and solar stocks run and collapse in a day or two, signalling the market may get weak.
Sell in May and go away is the mantra and lovely ABTL spiked at the very end of May. Not a good time period to spike (when there is no official news).
QQQ is weak now. Down from 74.5 to 72.
What do you mean by " ...the fag end of a market rally"?
stockdoc
ABTL rallies, if it does, at the fag end of a market rally. So its rallies are often ephemeral. Again the market got weak when share price periscoped just above 5. Horrible timing. ;-(
It looks like the party's over for a while until ABTL comes out with some very good earnings or something that merits the attention of the market. It was good while it lasted.
stockdoc
I remember Coghill. They were sellers in 1 to 1.1$ range several years ago.
1)You can search for ABTL at http://insidercow.com/.
2)Then search the results for the text "Coghill" to view their past ABTL transactions.
Coghill's been very active over the last month or so, and they ended up owning more than 10% of the outstanding stock and had to dispose of some of it. It appears that they still retain voting rights through the SWAP rules.
stockdoc
So, there's something new that I haven't seen before. A new SEC filing, Form 4. It's related to Clint Coghill and Coghill holdings. It just showed up Friday, and i'm trying to find out what it means. I'll post what I find out. I suspect it's related to the June stockholders meeting. I'm hoping Coghill's going to make a move that will help straighten ABTL out to the benefit of the shareholders.
Stockdoc
Today is EOM day. Next month is EOQ month.
If it stays near low 5s for a few days in early June then there could be a window dressing spike next month.
It looks like ABTL's still suffering from the same illness...lack of confidence and concern that the current up-swing is temporary and too fragile to maintain the current price level (or better).
It's just a matter of building some confidence over a period of time. The trouble is, investors need confidence to begin with. Let's see what happens near the close of the market.
stockdoc
Almost back to 5. Stock is swinging like Tarzan.
4.63. Someone dumped today. Let's see where it closes.
Two days in a row that it closed over $5. It's losing conviction, but I'm hoping it's just a temporary pause before picking up some additional momentum. This stock is really undervalued, the market just doesn't like Coats or ABTL...don't know which. Maybe both.
stockdoc
Today stayed above 5 on good volume == Strength, strong
Don't dip below 5. Instead give me a high 5.
At last!!!!! A good benchmark, and now let's see if we can get some good mileage out of this stock. Heaven knows, we've been holding this stock through thick and thin with little to show for our faith that the market would finally realize that this company's worth something.
Is there anyone out there left of the posters here on the iHub board besides me and confusedtrader? Wouldn't mind hearing from y'all even if to just say "hello".
stockdoc
well i almost got back in 4.50 wednesday, i think it got to 4.53, then it never looked back. i figured id jump into siri since its been hot lately, that worked out well so far.
Where are we going to have the party? ABTL finally breaks five, and for those of us who are left, there should certainly be a celebration of some kind.
stockdoc
I'm kind of surprised and glad to see that ABTL's price is holding up as well as it is. That can't be anything but good. It looks like it's the result of the SA article, and that is a real surprise considering how SA changes it's mind literally from day to day on what companies are good to invest in. Regardless, it's about time ABTL got some recognition for the good moves it's made.
Now, if they could just clean house... That just ain't happening. ABTL's just too much of a cash cow for Coats and the BOD.
stockdoc
Wouldn't mind seeing one of those ABTL's silly, typical PRs now with the stock about to break 5. The "Voted Best ..." PRs. Might just add some fuel to the rally.
Looking good buddy. Nicely up on big volume. 4.8 now on 123k volume
Will knock on 5 soon. Looks like.
ABTL frequently has these "4.00pm pop trade" right at close.
Based on today's action, me thinks we will see 5s soon.
And just yesterday I thought the stock was treading water at 4.16$.
Take note, it was only the last trade that propped up the price of the stock. Easy up, easy down. I'm not counting on ABTL holding it's current price level.
stockdoc
Yes strong action on a negative market day. Finally some mojo for ABTL longs.
Looking good. 4.78 on good buying volume.
In the good ole days, one advantage of a push above 1$ barrier, was the possibility of psychological level traders jumping in and quickly pushing the stock to 1.2+.
Will be interesting to see what happens this time if the stock breaks past 5. Now the float and OS are much smaller. Could we surge quickly to 6s? Anything is possible with low float and momo traders. Finally, ABTL has some mojo, atleast for now.
Also daily chart trend looks very good after basing in low 4's for a long time. This might attract technical traders.
Let's see what next few days bring.
Nice finish. It didn't make any sense for someone to buy like they did, but a lot of times, it doesn't make any sense for them to sell like they do either. I guess it all evens out in the end.
Stockdoc
Nice trade.
Maybe 4.5 will be the new support. Let's see.
I sold at 4.75 for a decent gain, just don't see this thing running a 3rd day? Hoping to buy back in if it dips to 4.50
If the darned thing could get above $5 and stay there for a while, the stock would qualify for more funds buying into it. It may happen, but right now, I'm more concerned about the SA article losing momentum and things going back to the usual.
We definitely need another analyst to give this stock a kick in the butt to keep it moving.
stockdoc
4.64 now. Ooh la la.
If the stock doesn't gain/maintain mojo over the next few days then today's eager buyers/traders will likely be next week's sellers.
Yeah it feels like a long time to be in ABTL. I could have gotten a 4 yr bachelor's degree at a university in that time.
It hasn't hit 90 cents presplit and probably won't until ....??? Jeff Coats really screwed this stock up with his reverse split.....imho. It's going to take a tremendous effort to get this stock up to anything over $5.
Might have some mojo for a few days. SA article was emailed to: 71 people who get ABTL real-time alerts, 116,543 people who get SA Tech Stock Report daily and 291,315 people who get Investing Ideas daily.
Going up today with decent volume, 55k. Lots of blocks coming off the ask. Okay I need to settle down here, lol!
Too bad it's seeking alpha doing the review. Seeking alpha uses a lot of hack writers that can't find regular jobs.
Anybody know what was on the second page of the review?
Wow. 300 shares traded in 12 mins since the SA article was posted.
Nice.
Let's see if SA can inject any life in this moribund mule.
Looks like someone did call 911. An article just got posted on SA.
http://seekingalpha.com/article/1450101-autobytel-an-auto-recovery-play-with-low-valuation-high-free-cash-flow-and-growth?source=yahoo
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