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And there’s your contrarian indicator.
RFIL - I'm with you guys on this. Added some at 7.35 today with some proceeds from sales. Will add more if it drops into 6s.
Could be that I have my dates mixed up...
ITCC- I’ve been bullish on this one but the selling ahead of the results usually never bodes well. Why aren’t more people getting busted for insider trading? Heh
PROM - I sold my .08x shares today at .12x and holding the remaining. It seems to be building a good base and the bid is increasing. I don't see a lot of downside here. It's funny how when a stock goes dark there is a stigma associated with it to where no one wants to own it. It may take some patience, but i'm going to sit on it for awhile.
FTSI - Good for you. I'm still in the red even after averaging down, but looking a lot better than last week. If we get back to 12ish i'll be okay.
FTSI - i'm down quite a bit on this one but continue to take the long-term view and the reason I purchased it in the first place. PCMI was a very frustrating stock to own and eventually paid off. Unless the story has changed, this is still a good company to own at these levels.
TSLA short - Wow. And to think I was going to pull the trigger right around $400 (almost got there). Pretty successful trade. I don't think I have the guts to be in this one, long or short.
FTSI getting hammered. IVFH getting hammered.
My portfolio is taking a beating today. Probably the worst day of the year for me so far.
Larry (NSYS) - What price did you get?
Mermelstein - I considered that, but did you read through the entire press release? It looks plausible to me as to the reasons for doing it.
https://finance.yahoo.com/news/propel-media-announces-intent-deregister-213148468.html
PROM halted?
PROM - Added at .10 and .081. Will look to add more on any further weakness. These are usually the types of plays that will reward you if you are patient. Knee-jerk response.
TPNL (Mermelstein) - Total home run on this. Congratulations. I made profit, but nothing like you probably did. Sold way too soon. Did not expect this ferver.
FACO - Added some at 1.15 this morning. Will see if it has any legs.
TSLA resumes trading - already over 380
FTSI - This one is probably going to play out very similar to PCMI. I added more in the 10s also. Good opportunity. Kind of a perfect storm of sorts.
FTSI - How much of a concern is the CHK share ownership in contributing to price declines? I know this was mentioned before.
FTSI:
Could this have anything to do with the recent drop?
https://www.freightwaves.com/news/verdict-trucking-company-big-award
Sure doesn't seem like it, but just thought i'd point out.
Bleeding on this one up to this point.
Larry - yep, that's the one that got me back interested in them. I don't like management, but still some potential.
HAUP - Nice move today. Added it a few weeks ago at .05
TAIT - Sold the rest of what I had yesterday. Nice little pop. Wish it was today that I sold :P. Who knew??
Need to find the next pick now...
SCIA - Sold my shares in the 1.40s. Gotta lock in profits and invest in the next opportunity.
FORD - sold the rest. Will look to buy back after the dust settles. Kinda reminds me of DPW.
FORD - Yes, still have my shares. I just sold some, but not sure that was a good move. Will look to buy more back later depending on where it trends after this news settles.
QDLC-
Just sold my .20 shares at .35 - will look to re-add on further weakness.
QDLC - I added more yesterday. Had a bid down near .30 that I forgot about. It's been crickets with this one for awhile. Anyone else still have shares in this?
FTSI - Added some the other day at 15.70. Nice to see it rebounding. Another good mention to the board. Thanks, guys for all the hard work.
RFIL - thanks for the heads up. Guess I should have held through today, eh? :P
RFIL - nice bounce.
RFIL - I picked some up earlier at 5.57x. Thanks again for the alert.
TPNL- sold this one waaaay too early it seems :)
ITCC - Yep, saw that bid pop up this morning and was surprised. Haven't seen one with that kind of size.
Very unique situation here. We already know that the CEO has implemented some cost cutting moves that have impacted the bottom line. If he can sign on some new clients, then you will really start to see a move.
Buyout seems likely given activity in this sector. Would like to see some continued improvement in each successive quarter.
GLTA on this one...
IVFH (nelson) - I was just about to post the same thing. My first order went in this morning at .755.
OTC (PERI/ITCC)-
Sorry about your timing on PERI/ITCC. Just goes to show you how long it can take for things to turn around. A lot of us had to show an extreme amount of patience with PCMI and PERI and all of a sudden they are shown in such a different light.
ITCC has had a tremendous few weeks. Let's hope that we continue to see positive things coming from this one. Glad to see KiK onboard as well.
Gartner's Magic Quadrant-
I'm an I.T. Manager by day so I will often look at Gartner's Magic Quadrant and other publications to determine what I.T. hardware/software solutions are highly regarded (they use a qualitative analysis) to factor into my decision making process. The "Leaders" category is where you want to be.
The thing that caught my eye is that if you look at all the other companies in the "Leaders" category, ITCC is far and away the company with the most upside.
This is one of those rare risk/reward opportunities that made me increase my exposure in this stock. I like the fact that they are showing profitability. Hopefully the new CEO will continue that trend and gain more clients. We've already established that their solution is on par the other industry-leading vendors, so now it becomes a question of execution. Perhaps they get bought out.. there has been speculation of that for awhile now. If you look on the Magic Quadrant, Wyde was already aquired by MphasIs and Macamish was acquired by Infosys. Concentrix is part of Synnex. So, it's definitely not outlandish to think that could happen.
I also went on Glassdoor and saw that there were a lot more positive comments coming from employees with regard to the new CEO. It was mentioned that he is bringing new ideas and positive energy. There is also a mention of a new head of HR that is bringing ideas on enhancing employee benefits. They are all open and committed to frequent communication with employees. They have also promoted several employees from within to executive positions. One of the negative comments is how difficult it can be to satisfy customers, but it sounded like they are prioritizing good employee workplace conditions.
Playing devil's advocate, there are quite a few companies in the Leader space, but many of those are elephants (like Oracle) and I still think ITCC has its niche.
Any way you slice it, I appreciate this being brought to the board and I continue to be optimistic on this one.
ITCC - Added more today.
I love the potential on this one. David Anderson has a lot of connections in the industry and has already done some house cleaning.
InsPro is a Leader/Innovator in Gartner's Magic Quadrant and you see some big names up there that are trading w/ a much higher valuation.
I believe this stock is seriously undervalued and wish I had picked up a lot more sub .10
HLTH - Mermelstein, are you still in this? I should have dumped when I saw that report. I think this is going to be dead money for awhile.
MOSY - Downside risk analysis on this one?
SPRS on the move - anyone still own some? I'm in from 1.03