Low floater SSNT soaring premarket from the $3's to as high as the $13's on this news-
Not sure how good this will eventually be for existing SSNT shareholders. But what a gift for those holding today!
Yeah CSPI should report earnings soon, maybe next week. I don't think Q4 results will be all that impressive, but I guess it'll trade more on the outlook for their AI product. Will be interesting to see the market reaction to the report, expectations are going to be high with the stock having doubled in recent months.
Hard not to feel toppy with the Magnificent 7 up what 80% this year. Most people seem to think with the markets up so much, buyers will keep on chasing stocks higher into yearend. Such a melt-up scenario makes total sense. But when everyone thinks something is gonna happen, that's usually not the way it plays out...
BURCA looks like a decent place to park a few bucks. Get a 7.5% dividend yield on this boring stock. Q2 & Q3 were nothing great. But they did an acquisition several months ago that will hopefully add to revenues/earnings going forward. When they report annual results in February, it should be a very favorable bottom line comp.
Looks like a good move on MITQ so far. I got excited when I saw that large bid (12,000 shares I think) over .98 premarket. Figured it was gonna jump over $1. When that happens, usually you see $1.05, $1.10, etc real quick. I was gonna sell a few there. But never got the chance.
Nice trading on GCT! Wish I was doing the same. Several opportunities already. Just never know when they're going to yank the rug out. Wonder what happened to those guys who did the short attack? Not sure if they're still short, did a follow-up report, etc. This China stock always seemed a bit suspect. They make a lot of money shipping bulky items like furniture...how is that possible...when competitors like Amazon should be eating their lunch.
When I posted it a few weeks ago, michael t said the backlog was down after getting a boost from supply chain disruptions. I'm newer to the company, but I didn't get that vibe with the CEO making comments like this in the earnings PR-
"We continue to see strong demand for all of our products, across all of our geographies. Despite our significant sales growth, we still have a healthy backlog that is substantially more than our historical levels."
Stock trades pretty thin, often with wide spreads. I'm kind of surprised with the broader markets ripping higher in November, that MLR didn't shoot up to at least the mid $40's with that monster Q3 sitting there.
MLR looks like an attractive hold into their Q4 report. As it should be another very favorable comp. Both for Q4 and the full year. Revenue comps will get tougher after that. We've got a wait for the Q4 numbers. Probably not til early March. So the stock might hibernate til then.
I like the looks of MLR as well. Have been accumulating since the earnings report-
Hopefully we see a few more PRs ahead of the Q2 report. Their investor presentation at Sidoti a couple weeks ago is worth checking out. Lots of exciting stuff for a sub-$1 low float stock trading not far above cash value. One interesting tidbit I hadn't heard before, mentioned around the 24:00 mark. A top 5 chain needs to do a refresh in 2024, and it sounds like MITQ could win the multi-million dollar order soon. No guarantees they get it obviously, but if that PR hit...this low floater could spike up 50-100% in this bubbly market.
I thought the earnings report this month was pretty darn encouraging. Fiscal Q1 earnings of .04/share. Plus .60/share in cash on the balance sheet and a low float. Main negative is the current Q2 (which is seasonally weaker anyway) is going to be ugly because of the actor's strike. But I'd view that as a 1-time hit. Even with the lousy Q2, they're still looking for breakeven or so for the year. And that's excluding possible contributions from additional, higher margin revenue.
Another big quarter from GCT as expected. Stock would be cheap at $10 if you trust the numbers. I certainly do not, but the stock probably shoots higher in this market.
MINM finishes at $4.48, only up 400% today. Still can't believe such a crazy move up on such huge volume...all on no news?!?
Maybe the meme mania is back. But those traders who chased MINM this morning over $9 are down a quick 50%+. I can think of better ways to throw your money away.
I'm surprised MITQ is still below $1 the way so many low floaters are flying. Maybe because MITQ actually has solid fundamentals. Good report earlier this month with fiscal Q1 earnings of .04/share. Plus they've got .60/share in cash on the balance sheet.
Huh? You've posted about AAOI constantly for months. Probably well over 100 times. I would think a dramatic change of heart and selling your entire position is worthy of 1 more post. It's not like you didn't post to the board last night. You did. Three separate posts around midnight. Why no mention of the AAOI sale??
No doubt. He'll be super bullish on a stock in the morning, buying hundreds of thousands of dollars worth. Then dumping it all a few hours later. But he's been bullish on AAOI for awhile. And it's been a great call. Just seems strange that he sold it all yesterday. Made 3 separate posts later around midnight. And not one of them mentioned his AAOI sale. That only came today, after the stock dropped a bunch.
All the AAOI posts, including this $30 target just two days ago-
Now you've conveniently sold your large position last night...before today's drop. Hmmm...no clue why your posts irritate so many people.
Yeah nice pop on DBGI this morning. It's a low floater in a frothy market, so guess anything is possible. But longer term, this dilution machine is doomed.
Did you see this? They want to gift the CEO some shares as part of a Performance Stock Award Agreement. With stock down over 95% in the past year. Talk about some balls!
That's the big question on SIF. Will margins improve enough in combination with the coming revenue increases to get them back to profitability. They've done it in the past. But labor costs are surely higher now. The stock has also been weak this month, while the markets have ripped higher. Not a great sign.
I think SIF is an attractive gamble in the mid $3's with that huge backlog. But part of that may be because so many other stocks have already moved up and I can't find much to buy. At least on SIF, we should see earnings in about a month. A smaller loss on higher revenues/backlog...I think the stock jumps back to the $4's (maybe higher with some low float momo action). If it's a disappointing report with revenues stuck around $20M, backlog down sequentially, no progress on the bottom line, etc...can at least dump the stock for a tax loss.
Nice 16% rebound today on DRCT after the plunge below $10 yesterday. No interest for me on the short side. Seemed like a violent pullback was coming after such a huge run...and we got that yesterday...who knows when the next one will be. Plus the borrow rate is ridiculous.
Yes the borrow rate on UUU was also high. But I thought that was a much better short over $4. Since the NT-10Q filing told us the quarterly results would be awful. Not everyone reads through a late filing. The stinky UUU quarter had to be released within 5 days. So seemed like a good short-term bet for the stock to fall when the terrible Q2 comp hit. Strangely it didn't drop at all the day they reported the Q2 loss on a 36% revenue decline (and actually was green!). But crashed to the $2's soon after. Wish I would have shorted more in hindsight. Oh well.
Congrats again on CXDO. Stock has doubled since it was available in the $1.80's earlier this month, AFTER the strong earnings report. Heck of a run! I wouldn't touch it up here, but it's got plenty of momo. If the broader markets keep ripping higher into yearend, guessing those momo traders will keep on chasing.
Added a few more AATC. Still looks cheap in the low $6's after their terrific Q3 report earlier this month. Q3 earnings from cont operations of .27/share vs .11/share last year. And those are GAAP numbers, fully taxed. Q3 revenues up 42%. They've also got $2+ in cash/investments on the balance sheet. And a very attractive dividend yield of 8.3%. Worth buying for the dividend alone imo
For those buying CDs, BMO Alto has an attractive one right now. 5 year CD at 5.25% APY. There's better places for yield looking a year out. But if the Fed starts slashing rates next year as most expect, still getting over 5% on your cash might be looking good in 2025, 2026 etc.