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here we sit in the afterhours with 14 million shares trading hands today, 11 million of them in the afterhours. thats not normal volume with 84 million shares outstanding? any thoughts, im guessing were going to get a news release of someone buying a 8 to 10% stake in wtsl? any other thoughts?
Yeah over 9 million traded in after hours
on the one year chart, it looks like were just riding the underside of the upper trendline. a break above that trendline would be very bullish imo.
it would be nice to get some volume today. its hard to believe body is outperforming wtsl as of late.
It was only 30k shares half around.92 , some at .82, then some at.87. I'm hoping it doesn't get beat down tomorrow. With the short interest hovering at 15 million, it's anyone's guess?
Thanks for posting what you found out. If your still long on wtsl, good luck to all of us Tuesday night
It makes no sense to me?
From what I understand the annual meeting never took place last week? Have you heard anything about it?
i guess im a gambling man, so ill be holding thru the earnings call. my average is half a buck north of here. im kidding myself into believing goodman is sandbagging a tad on guidance. aeropostale got hammered today partly because theyre e-commerce was down 18%, wtsl should have a uptick there one would think.
Are you expecting any news coming from the annual meeting tomorrow?
anyone else getting a tad nervous here under a buck?
nothing unfortunately, just waiting for some upbeat guidance. thats about the only thing that will move wtsl or a rumored buyout would be nice. clinton group should step up imo.
wow a $1.04? I'm speechless
I agree 100%! Lets hope Goodman is sandbagging a tad with his reaffirmed inline guidance
I'd like to think were at support now. If the earnings call may 27 is inline or a tad better, than we should be ok. Waiting to see a retest of 1.25 then 1.35. With good Q2 guidance and volume i'm hoping we jump back to the 1.75 level in the next few weeks.
The Wet Seal Given Neutral Rating at Zacks (WTSL)
May 1st, 2014 - 0 comments - Filed Under - by Hanz Christensen
Good news as many like to follow Zacks imo. An upgrade from sell
In the recent filling I found it interesting they formed that four person committee, to oversee private equity interest in the company. They mentioned it was being headed up by Adam Rothstein whom had been actively buying stock in the open market since mid march
short interest out for 4/15/2014 at 11.2 million!!! thats a huge increase from 3.2 million a month ago on 3/14/2014. thats the largest short interest for wetseal in years!
Todays selloff seems odd, didnt expect a 10 cent fall today after fridays volume. Seems like someone sold the news from last week?
I think your right on that one. Im also encouraged with todays volume.
thanks for the reply
Can anyone explain tonite filings? Are these shares taken instead of a paycheck or just shares to be earned from company goals being met for 2014 performance?
I realize the stock cant go up everyday, but its tough to watch it float right back down. At this point were gonna need a cataylst of some sort to get this thing moving up. I got this gut feeling that somethings going on behind behind closed doors with wetseal imo?
Thanks for posting what you found out at the mall. Nice uptick this morning to 1.24 with no real resistance til 1.35 range. Got a feeling thats our cap til we get some upbeat guidance.
Thanks for the reply, i value your comments. I couldn't agree more, any guidance from the company will be very critical. According to nasdaq there was 2.4 mil short as of 2/14 and 5.4 mil on 3/31. I'm curious to see the count for 4/15 which should be due out soon. Were starting to see a decline in daily volume which increases the days to cover. Should we get some good news/guidance this may also help wtsl recover to the 1.75-2.00 area imo. My local malls wetseal closed a couple years back, but i would be curious to hear what you find out.
Would you say we had a succesful test of the 52 wk low? Well 2 of the 3 things you were looking to happen happened. I added 1k shares in the afterhours tue at 1.09 after those higher trades went thru. i had money to purchase more, just couldnt expose myself to that much risk though i wanted too.
Adam rothstein purchased 20,000 more shares friday and monday at 1.11 and 1.13. Now if we could get the cfo to buy here that would instill some confidence in investors.
nice bounce here off 1.05 to 1.12. but like you said lets see where it closes.
I actually read that same article an hour ago. I hope their right, although 50% from here would be nice.
High volume today
I would much rather see the company turn profitable for a few quarters before a bid is made on the company.
Just means they sold some stock to a single investor. The investor was Cowen and company. The hedge fund that made Goodman ceo of the last company he worked for went private within a year from his start. That hedge fund has a sizeable position in wetseal also, though Clinton group was responsible for his hire. The next couple months will be very interesting imo
I agree with your post 100%. with the down market today, and wtsl hovering at 1.14 we may see that low tested tomorrow? some people may read the filings today as insider selling, which i believe was just returned shares for tax purposes.
anyone thinking of adding here, or do we go lower? i'm waiting for some first quarter update before i add to my already too big of position. if they issue some upbeat guidance these prices will seem cheap, imo.
Todays action was interesting. A couple million shares traded hands. The ask seemed to get the most action on level 2.
Just a paper trail of stock purchases, sells, and forfeitures. whenever stock changes hands as an insider is my guess?
Atleast Goodman had to forfeit 260,000 shares for not meeting 2013 goals.
tough day today for wetseal, finding no support level
Picked up some at 1.11 guessing we were at a bottom, then added some more today at 1.27. It helped me average down from the 1.90 range where I first bought. Sitting on 10k avg 1.50, and feeling confident I'll break even this spring I hope.
good day to add a few shares,though the bid gets hammered everytime it moves up a penny.im guessing we get a late day rally as other clothing stocks are up today like the gap,aeropostale, american eagle outfitters