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"...computer generated/ algorithm trades "....Sorry, but I have no idea what that means. If it's anything like it sounds, it would be totally illegal. Using a mathematical model to artificially create trades isn't going to work. Legitimate, real trades have to be reported and the time of the trade has to be accurate.
The only thing those dumb trades mean to me is that someone who owned 100 shares decided to sell them at market, and there was a buyer waiting for someone stupid enough to sell them at market. I just wish that I had put in a bid around that time. I would have bought them at $3.78.
stockdoc
This is all down to ABTL. That's the whole of it, the grand total. People just don't like the company, the stock, ABTL management or something. The other four stocks are all up today. ABTL gets a strong buy rec, the market's up 150 points, and ABTL sits there (or goes down) like it's got leprosy.
There must be some "I hate Autobytel club or organization" out there with thousands of memebers.
stockdoc
That's interesting, of all the five stocks listed on the Zacks strong buy list that came out this morning, 4 out of 5 are all up, a couple of them substantially. The only one that's down is ABTL.
Ever get the feeling that the only people who know about it are you, me, and Zacks?
The upgrade didn't even appear in TD Ameritrade.
stockdoc
Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today:
•ANADIGICS, Inc. (ANAD)
•Ann Inc. (ANN)
•Autobytel Inc. (ABTL)
Nice to see, it's what we've been hoping for. The report is in .pdf format, and I haven't been able to post it here on Ihub. (I only showed 3 of the 5 stocks in the Zacks report)
Autobytel picks up a "strong buy" from Zacks!!?? Zacks ain't no slouch when it comes to handing out strong buy recommendations. I'll try to find the report and post it.
stockdoc
We need look no further than on own ABTL. Twice now, ABTL's been involved in one scheme or another. The first scheme was the initial IPO offering that resulted in a law suit that's just now being settled (against ABTL). The second scheme involved Jeffrey Schwartz, and his buddy Patel(if I remember correctly) who was cooking the ABTL books. That case was settled a few years ago, and the ruling went against ABTL.
Now, we have a soft con going on where the management squeezes the life-blood out of the company through big salaries and bonuses at the expense of the company's future and stock holders. I especially like the $200,000 per year moving expenses.
stockdoc
Spartak, I know how poorish feels. If I had had any sense at all, I would have taken the money and spent it instead of investing it in the stock market. The market's the best place to lose all your money with little or no recourse.
Far too many crooks and fools running the companies.
stockdoc
Thanks for posting, sorry to see you go, but you have to do what's right for your circumstances.
Drop by the board once in a while and see who's still here. If ABTL management continues messing around like they have been, no one may be left on the board.
stockdoc
It's best to trade in stocks with heavy daily volume instead of stocks like ABTL that don't even open until the last ten minutes of the trading session. However, if you have to deal in stocks with real low volume, just make sure that you buy and sell with "limit" orders, otherwise, you could end up paying or selling at a price that you didn't anticipate.
ABTL down 23 cents. This is totally ridiculous. What the hell's going on with these "investors"?
stockdoc
I don't know who to blame except to say that when I see the stock going for the bid price, I get the immpression that the seller is just selling at market price. Normally, that sort of thing occurs if the company is in trouble and everyone who owns the stock just wants to dump it and get out as soon as possible. That isn't the case with ABTL. The company's on the rise, and there's no reason to just dump at market price.
The only other reason for this type of a sell-off at bid is because the seller isn't too bright and just puts his/her stock up for sale at market instead of a limit price. They don't realize that selling at market usually means that someone buying the stock is going to take advantage of the situation and bid them some low price. So, my conclusion, the sellers just don't know how to play the market.
stockdoc
I posted that here on Ihub this morning before market opening. Apparently no one noticed or cared.
While it's not that big of a deal, watching the stock go down 18 cents intraday was a total insult.
stockdoc
I've never seen blowout earnings from this company, and I have no reason to believe that we ever will. It's just not realistic to believe that we ever will considering what we've been told. I have no idea why anyone who's followed this company would ever expect to see a big surprise in earnings.
The best we can probably hope for is a buyout. However, all things considered, we should be a lot higher than what we are, and, imho, should reasonably be be $6 or $7, not fighting to stay over $4.
stockdoc
ABTL amends 10Q. Too bad they didn't get their quarterly report correct to begin with. They might have gotten a little boost to their stock. The new profit per share turns out to be 6 cents instead of 5.
Coats didn't move the last time either, but that didn't stop him from collecting $200K. I don't think the Mafia could do a better job of grabbing money like that.
Well, at least Coats had some good words for future prospects. That's better than some of the other times he talked about the company.
I'm still hoping some gurus show up next week.
stockdoc
Spartak, you made an interesting comment......"... if it wasn't for one time charge..." Each and every quarter, ABTL has some one time charge for something that messes them up. Honestly, I totally expected it, and they'll probably never change.
I'm wondering if Coats "moved again". Isn't it about time that he collected another $200,000 for moving expenses?
stockdoc
It's that 3%-5%. This is the kind of market (and has been for over a year) that looks at anything negative that they can find. If there's even one negative aspect, that's what they latch onto.
The big hope here is that ABTL gets some guru recommendations.
stockdoc
There's lots of good stuff going on with this stock, but just like the one broker asked, "what can he tell his prospective clients about that 3%-5%"? Can ABTL expect to hit the double digit increase year over year? Coats hedged on that question. That might be the critical issue.
Let's see how the public reacts. Like others, I'm hoping that ABTL gets a couple upgrades. Typically, ABTL share price takes a hit after earnings announcements, at least, that's what's happened in the past.
stockdoc
For whatever good it does, the earnings projections for this quarter are about 5 cents. While that doesn't sound like much, it's better than last quarters by a fair amount. I don't want to down-play this years earnings, but looking ahead to the guru projections for next year, they forecast double this years earnings.
If the projections are reasonably accurate, we should easily double the best price we've seen this year.
stockdoc
If it's as good as one of the gurus predicted (and Coats doesn't shoot the company down again), we should be back up to that $7.50 mark.
Of course, I still believe in Santa Claus and the Easter Bunny.
stockdoc
If you believe any of the estimates put forward by the gurus, ABTL should be at least double last quarters earnings.
As far as ABTL putting out any PR's, this is the company that's always underplaying their prospects. Notice that Coats isn't scheduled for anymore dog and pony shows.
From my standpoint, if ABTL can't do very good this quarter, they better have another company lined up to buy them out. Auto manufacturers are predicting big sales and there should be lots of money to go around for purchase requests and advertising.
stockdoc
I have no idea why the stock went up the way it did, but looking at the trades, it's obvious that traders were chasing the stock. Probably market trades (why regardless of price).
I thought it might be due to some article or some web site guru, but the volume was too light to suggest that. Maybe a couple insider employees see something going on.
This is just totally out of character for ABTL stock.
stockdoc
You're probably right. I'm just pessimistic about the market's acceptance of ABTL. The one time ABTL really got going is when buyins.net started making noise about ABTL. I still don't know what it was that they were saying for sure, but it actually looked like they were saying that it was going to go lower. Everyone just started bidding the stock up without even knowing what buyins.net was really saying. They cranked it up to $7.50 (post reverse split price).
Wouldn't mind seeing that happen again.
stockdoc
I hope you have something to keep you entertained between now and the time it hits $5. It might be a long time before we see that big of an increase. Hope I'm wrong.
stockdoc
Did Hell just freeze over? Did the Repubicans and Democrats agree on everything and decide to work for the citizens instead of themselves? No, no way, but ABTL closed above $4.00. (80 cents presplit)
I guess we have to be grateful for the smallest things.
stockdoc
That would be great if it broke $4 and closed there for a few days in a row. I see that the asked is $4.10 the last I looked. maybe we can get some takers up there before the market closes.
stockdoc
It doesn't take much to make this stock go down. It seems like everytime the earnings come out, investors sell off and knock the price down for three or four days.
The forecasters seem to be predicting that the earnings are going to be better this quarter than last quarter. If they are better, will they be enough to crank the price up to $5? It's about time for something to get this stock moving.
There are just too many ways to look at this stock when earnings come out. Most of the time, it just doesn't make too much sense.
stockdoc
Are we finally on an uptrend that will hold without falling back to $3.70 or thereabouts. It looks like it, let's hope that the earnings don't disappoint us.
stockdoc
I hope the employees put as much time and effort into making the company some profit as they did in preparing for their party. I wonder who put up the money for the party? Probably us....indirecttly.
stockdoc
Interesting, but that isn't Coats sitting at Coat's desk. In fact, none of the people listed as employees at Autobytel are in any of the photos. No management, no HR employees. Fake photo? I don't know, but it's strange that no known employees are in any of the photos.
stockdoc
Here we go again, bouncing the price up and down. Are these just dumb traders or is there something going on that makes these traders think that the stock is overpriced and they just want to dump it at any price? I suspect that they're just traders who don't have any idea about how to sell (or, in some cases), how to buy.
The trading makes little or no sense to me.
stockdoc
I've seen that kind of trading both ways, up and down. I don't know if someone's trying to rig the trading or not. I always thought it was just dumb trading....going market instead of limit trading.
stockdoc
Spartak.....The reason (one of them) that I don't like the reverse split is that it's easier for investors to accept going from 75 cents a share to $1.50 than it is for them to accept a stock going from $3.75 up to $7.50....at least, as far as I've seen.
P.S. I've never tried nailing Jello to a tree, but it sounds interesting and a real challenge. Did you have any particular flavor Jello in mind :)
stockdoc
Considering the fact that $5 is only $1 presplit, the stock should damned well be $5 and more on top of that. The stock was about $1.50 presplit which puts it at $7.50 in after split price. That was before the company was posting quarter after quarter profits.
To sum it up, we're way below what we should be IMHO.
stockdoc
Maybe some of the trading was influenced by market conditions, but after looking at the individual trades, I would say a lot of them were just plain, outright dumb shots in the dark....market trading.
ABTL seems to go up and down without much regard to market conditions.
stockdoc
I think there's another reason that the trading happens like it does. A lot of investors don't know the difference between "limit" and "market" trading. I really think that a lot of investors who are selling their shares just sell at market. That's a good way of losing your money.
stockdoc
I checked, and the next quarterly should be around Nov. 6. This quarterly should reflect the loss of those two exec's who, I believe, were making around $600K total. It won't do the revenue bottom line any good, but it will show up as a reduction in overhead and, hopefully, make its way to the bottom line as profit.
stockdoc
Let's see what happens later in the day. We really need some more days of this stock topping $4 and staying there at the close of the day.
The quarterly report should bee coming out sometime in early November if I recall correctly.
stockdoc
The Ihub prices are usually pretty screwed up. I don't pay any attention to them. Likewise with Ihub trades.
From everything I can find, it closed at $4.00. It might have been the very last trade, but regardless, $4 is $4...sounds good to me, especially considering that it's Friday, and Fridays usually aren't a good day for ABTL.
stockdoc