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Classic...There is only one Postyle!!
TA
Just charted 10 and 30 min chart. We went above that top bolli and came back off it. Lets see where it settles now. Should be some profit taking here and then see if the buyers hold.
Postyle is the Highlander and I am just one of the watchers. There will be profit taking but it is Friday after all. I am more interested in Monday as I think that will be the key. Just 2/12 weeks from "official" merger vote results.
As you know, that has been the trick with this thing. When volume is there it will support. When gone we travel back down. I just think that the $3 floor is not going to be problem pre-merger so we keep listing requirement. If I was a betting man, I would bet there are buyers lined up to push over if needed. I actually just got in and was surprised at movement. I expected some but this is great.
What you have to love are spikes + volume on no news. My guess is that players from other stalled IP plays are sneaking in pre-merger. But heck thats just a guess.
At my age-both are a requirement!!
Thanks BT.
Very good way to play the IP sector. I think in many ways that it is becoming a much more predictable sector as long as you have a good understanding of the company's fundamentals. If ever I saw a "timing" specific sector this has to be near the top for me. I only jumped into the pool about a month ago but actually feel I have a firm grip on this sector. Its been a great one to teach my son the basics of investing with. What I like about the investors on this board is that it isn't a love or bash fest. Just people doing DD and figuring out what is best for them. I am just comic relief when things are slow and will probably put someone to task if they post something goofy that a novice investor may take for fact. However at the end of the day...Diversify Diversify Diversify.
I think our new support level is 2.56 but maybe Noler or someone would want to look at that one.
jr
Thanks. All I want to do is post facts and once in awhile interject some humor. One thing of note in the prospectus: The number of options granted to purchase is pretty significant at $3. From a technical stand point this stock tracks great. I guess we just wait and see as we get closer. PLEASE just take what I post as basic information to add to your own DD. I was green across the board today so I watched this one a bit more than I normally would. There are some excellent chart guys here so I am sure they can add to my fundamentals and when the time is right the P&Ders will get drowned out. GL
Finally breaking through that 2.54. All afternoon to get that BID from 2.51-2.54.
Proxy in hand. How about that 300 Page prospectus. Of course I am a Yes to all.
QTM
I am giving myself the name "Quiet Time Moderator". Interesting note and probable lesson to be learned in IP sector. The street is not giving a ton of love to straight "Troll Plays". I think they have figured out what success is. I happen to track VRNG (No position) and saw they got what I would consider a small settlement from MSFT and very little gain as a percentage. Now there are way too many unknowns in the settlement but if you pay close attention to what is being said, these companies have figured out that Revenues and operating income from patents is the most important thing. I applaud the new management team for recognizing this very important factor. Since we basically are in pre-merger completion zone I think this is a critical element for any investor in the IP sector. Otherwise it becomes no different than an OTCBB stock. JMHO and as always have a great investing day.
We need to break that 2.54 level.
Excellent-Thats what I needed. I am looking through filings now but really am looking at this as more a long term play. Lots of future potential IMHO.
UK-I think the silversurfer is in the option end.
My one wish.
That we close and hold $3 on closing date. After that I am fairly certain the new CEO will take care of the rest.
Yep-I know who they are but as you and I know they have been on this every two week cycle. My belief is you will get more visibility on Business Wire then RedChip TV. Now if I saw significant moves after appearances I would side with the theory. On a side note, you have to love these other IP stocks that are now touting the "new" way of changing their business model. They are going to get patents that are operationally already making $$ now. I like how little old DSS has been talking about this for past ten months. Their last presentation is probably on the desks of all the other IP players as we type. Lets see who the 3-5 companies they have identified pan out in the next 60-90 days. (My SWAG). Its all good and now I just want to get out of this sideways trading.
Whas,
What is the potential status of this event? Extremely interested in CLNE's financing. TIA
Just what I was looking for. Thanks and I will be around for sure.
I2,
Other than weather if I am correct next quarter revenues should increase, correct? I like these type of stocks when market starts to rotate.
I am starting my DD on VOCS. Who is their biggest customer? Don't mean to be lazy, just looking for starting point. TIA
RedChip!
This is driving me nuts! Just put a PR out and move on. Ok, I got it out of my system.. LOL What are the odds they ask a different set of questions. For those that don't know me, do not call me basher-I am long!
From today's 8K.
On May 24, 2013 (the “Grant Date”), as additional consideration for Laufer’s agreement to loan the Company funds under the Congregation Noam Elimelech Note, and to extend the maturity date of the Convertible Note pursuant to the Amendment, the Company issued Laufer a five-year warrant (the “Warrant”) to purchase up to 60,000 shares of the Company’s common stock at an exercise price of $3.00 per share, subject to customary anti-dilution protection for stock splits, reorganizations and the like. The Warrant vested in full on the Grant Date.
Obviously I have no real life. LOL
Lets see if our little inverted hammer holds true to form. Should open higher and hopefully Bulls can hold.
Short Interest Ratio is the key to these numbers. That means the number of days for the shorts to cover is the critical element. If you notice over the last two weeks that number has decreased from 10 days to six days. If the inverse were to happen I would then be miserable. It goes back to the function of volume. This number is very very low in regards to trading. No danger of a short squeeze in my very humble opinion.
Shorts:
A more important number to consider is the SIR. (Short Interest Ratio). That is the number of days to cover. If you look in the last two days we went from 10 days to 6 days. If the number was increasing then that means the short interest is not worried about covering. Hope that helps.
No one really knows. If you just look at the volume in May that would absolutely fit part of it. When it was run up there was really no reason for it. Even the earnings were just status quo. The volume this month has equaled the entire volume for the first four months of the year. There was some good money made both ways (rise/fall) of share price. Once again, my view remains that with a short position of less than 10% we are fine. Look at VHC, 36% of the O/S is short and they are at $22.00. Not comparing price but just letting you know the short position is not that big a deal here. And that 36% is based on 51M shares. And I do not own VHC in case anyone asks.
TA
I am hoping for a close above 2.53 which gets us above key 50 DMA. Looks like first level of resistance will be 2.54 and then basically nothing until 2.74. The real battle line IMO will be that 20 DMA at about 2.88. Have no idea when we get there but it crosses the 200 DMA at 2.87. That my friends will be the breakout or great wall. I have no idea how long that will take or if it will happen. This is for the investors who do not use charts but are curious as to resistance levels we will face. I will continue to do my best when on board to call out people who put pump or dump statements by just asking them to clarify as I have done before. Most of the time they will not respond back. Lets keep this board as free as possible of that nonsense if we can.
CHP-The only one I could get to was signing up with email. Maybe company will post at some point. Well worth the 10 seconds for someone to sign in if they really want the story from the soon to be merged company.
CHP-If possible could you add the presentation last week link. That had a mountain of great info also. Thanks again for this.
I am sure it is just coincidence but its always interesting nonetheless when things like this happen. I am also interested in the "other" soon to be defendants regarding the Bascom portfolio. Just some easy reading if you are bored. LOL
http://www.bloomberg.com/news/2013-05-24/sap-said-to-end-talks-to-buy-jive-software-in-past-month.html?cmpid=msnmoney
JIVE Software
2nd Settlement per presentation. (5%)
If you have any doubts who is running this company after the merger you need to listen to the presentation from yesterday. I learned more in 30 minutes than I have in 30 days. Totally different perspective and unbelievable information released. At least now I know there will be no stock dilution for funding. (One of about 10 things I didn't know)
Had a few minutes finally. Ok here is what I saw. I have no idea who UBS is trading for but they drove it way down today and had some big orders. You can speculate if you like but 1. They either were covering a short or 2. They were buying for someone. I think I saw a 14K order earlier that hit at the ASK but can't be sure. Now something is happening with these two MMs as almost 200K in the first hour is out of bounds. I will defer to Noler on L II as I am a fundi guy. LOL Back to the grind, will check in at end of day. GL
Once a month every month since December DSS has hit the 2.20 level. That hopefully will be the last line. We shall see.
T9,
Really haven't been looking as several others have me pretty busy right now. The stock has been trending to the 200 DMA. Which is techie talk for getting to an important price point. (2.51) It tested that line twice during the day today it looks like, but bounced off it. (Good) Remember, this thing is just doing technically what it is supposed to. Speaking at conferences and stuff have no bearing on the PPS. It just means the company is trying to get their message out. The volume has been good and my guess is that it has found some day traders who bang it around a bit. As I stated a few days ago; unless some unbelievable settlement PR comes out don't worry about green/red days until after merger official. All fine on the Eastern Front IMHO.
Right hand can't type what the brain is thinking. Thanks LOL
Remember someone has 30K warrants executable at 2.51. Now I am not saying that hit the stock today as I just think it is returning back to its normal ranges. The day to days are not the issue. The real process begins when shareholder approval hits. At that point it is one company. Now I know a few people did not like me talking about R/S but I can think of two very good reasons this might happen. But as they say, lets see what happens the day before vote, that will tell you everything.
Noler-
Look at trading since 4/23. There probably aren't many shares out there for sale below 2.50 IMO. It would look to me that most active buying days were above 2.70.