Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
ELTK has kept sliding. Almost to $13 now! Anyone else think the stock is looking attractive after this sharp pullback? I mean it's probably due for a bounce soon anyway. But the fundamentals look pretty great too.
ELTK soared over $20 a few weeks ago. Then they did an offering at $16/share (you're getting a healthy discount to those buyers). ELTK had an excellent Q3 report back in November. They said margins were unusually strong in the quarter, so those will prob drop back. But since then they've announced a couple of large orders-
https://finance.yahoo.com/news/eltek-receives-five-purchase-orders-143000002.html
https://finance.yahoo.com/news/eltek-placed-purchase-orders-4-130000488.html
Outlook should be extremely bullish with these orders. Plus business at these small defense companies seems to be booming right now. ELTK should have a terrific Q4/annual comp on the way (they reported on March 9th last year). I'm guessing Q4 earnings come in around .30/share vs .14/share last year. With the recent offering, ELTK should have over $3/share in cash on the balance sheet. Not a screaming bargain, but cheaper than most in this market. I nibbled on some shares this morning, and will be accumulating ahead of earnings next month. Any thoughts?
Nice BELFB trading opportunity today. I shorted a few BELFB premarket in the high $50's. Was surprised it wasn't down more given the poor guidance. Missed the CC this morning, so maybe something positive on there. Stock opened and plunged to the mid $40's. Already covered for a quick scalp. Wish I'd shorted a ton more, but it's hard to short anything with the Nasdaq ripping higher.
Stock now bouncing some. I'm rooting for a continued rebound towards $60+, think BELFB an attractive short into the Q1 report in late April. As it's going to be an ugly comp...
Congrats again on CSPI. Up another 13% today! Market liked the forward split news. And then shortly before the close...more positive news. Looks like Nerges is still buying!
https://www.sec.gov/Archives/edgar/data/356037/000121465924003258/xslF345X05/marketforms-64835.xml
NVDA flying after hours and SMCI up even more. Looks like the AI party is back on! It was a brutal 3 day correction ha
Ouch BELFB getting slammed over 24% in AH trading. Kicking myself as I thought this was a tempting short into earnings after such a big run. Company already said Q4 would be a weak comp...and it was. Looks like soft guidance for early 2024 too. No clue who was chasing this in the $70's ahead of earnings.
https://finance.yahoo.com/news/bel-reports-fourth-quarter-full-222000060.html
NVDA numbers sure to be interesting tomorrow. Going to be another blowout report with surging demand. The question is how much already priced in. Stock is sitting on a crazy gain just in 2024. So a sell the news reaction wouldn't be shocking...
CRNT popping towards $3 premarket. Earnings/outlook seem about as expected. I'm trimming some into the strength, as the stock has moved up nicely from the $1's in December. Looks like a new 52-week high today though, so momo traders will likely push it even higher.
https://finance.yahoo.com/news/ceragon-reports-20-growth-fourth-120000136.html
Ha anyone buying the SMCI dip in the $800's? Def won't be surprised if it's right back over $1000 next week.
Nice alert on VLCN. When do you jump off a potential low float rocket? A 10-15% gain in a day is pretty good. But guess you don't want to miss a 100%+ gain...
Ugly reversal on SMCI this morning. Was soaring yet again to the $1070's. Now in the $800's! Will be interesting to see where this one ends up today...
SRTS bucking the trend today. Jumping 17% to the $4.70's. High in the $4.90's. Gapped up at the open. Trading like it got a mention somewhere? Congrats to those holding!
PLSDF reports a huge Q4 as expected. Very lumpy quarters here, but Q1 off to a strong start as well. Stock should be good for some kind of pop today-
https://finance.yahoo.com/news/pulse-seismic-inc-reports-2023-015800051.html
Yowsa SMCI closed at $1004! And is trading in the $1030's AH. Next stop $2000? Ha who knows anymore. If you'd bet me in mid January when the stock was trading near $300...that it would rocket over $1000 less than a month later...I woulda said no f'in way, and lost a bundle on that bet.
Nice recovery on GENC. Wish I'd grabbed more in the $15's now. Stocks don't stay down for long in this market!
Good question on IMMR. I seem to recall a small special dividend a year or 2 ago. Maybe like .40/share or something. I wouldn't mind if they bumped up their regular dividend. They certainly have the cash.
IMMR looks cheap in the $6's with that balance sheet. Not overly enthused about upcoming earnings. They reported Q4 numbers on Feb 22 last year...so coming up. In the year ago Q4 they recognized a large gain in other income AND a sizable tax benefit...so the headline comp will be brutal. Should be a solid quarter though, a lot depends on investment income. They had a surprising loss in Q3 from other income. Hoping that reverses in a major way in Q4. Seems like they should be making millions every quarter with that balance sheet at such attractive interest rates.
Not sure when that $17.5M from META hits. I think the META news gives this one an exciting kicker...figured the stock would be at $8-$10 in this bubbly market. Didn't get many details on the META settlement. Was it a 1-time thing? If that's the case, seems like the stock should still get a tiny bump. As they received $17.5M and their legal expenses will be going down. But if IMMR is going to get some kind of license fee from every META product sold with their technology going forward...the stock is headed significantly higher imo. Hopefully we'll get some details with the earnings report later this month.
GLGI high of $2.35! What the?? Is the mania spreading to the pink sheets? I also thought this one was a sell in the low $1's. Oops.
Anyone give that IMMR news with META a once over? I think the stock looks pretty attractive in the $6.70's and just added some more. But again maybe it's because I'm having a tough time finding things I really want to buy.
The FORD reverse split is happening. Just got approved at the shareholders meeting-
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/38264/000168316824000973/forward_8k.htm
Since the stock has traded below $1 for so long, they have to do a reverse split in order to maintain their Nasdaq listing. I agree with the plan. Not sure of the date...but guessing fairly soon.
I'm an ARC buyer in the $2.60's. Now a 7.5% dividend yield ha. Maybe it's because so many stocks have run and I can't find much to buy...but this one looks like a great risk/reward down here. Get a terrific dividend yield, and a chance the stock rebounds to $3+ in the coming weeks/months
Sold the rest of my CRWS. Wow $5.80's is a great reaction to a meh quarter. Imagine if earnings had come in at .22-.25/share! Gotta love when numbers come in quite a bit below where you're thinking...and the stock STILL gets a nice pop. Why I'm a big fan of easy comps.
Thanks for the FORD info. I'm still puzzled by the CEO's comments in December. Followed this one for many years, and I think that was the most bullish I've ever heard him. So the quarterly results yest very underwhelming.
I trimmed some shares. A little surprised by the strong bid after the bummer quarter. Only reason I'll stick around is the low float. All it seems to take lately on these random moonshots. If FORD sells off before/after the upcoming reverse split, I may even add some shares and hope for a miracle.
Anyone still have ARC? Been slipping recently and starting to look attractive again. Boring stock with flat to declining numbers lately...and probably more of the same when they report on 2/28. But they continue to generate a ton of cash and pay down debt. Probably a decent place to park a few bucks with the 7.3% dividend yield. And the stock has a good chance of bouncing back to the low-mid $3's later this year imo
Sweet call on OGN. Nice pop today!
Ha my bad on SMCI. Heck I shoulda pounded the table a few weeks ago!
Maybe you could send SIF an email with suggestions ha. Another bummer of a quarter. Sequential revenue decline & bigger net loss both disappointing. Only silver lining is the continued strong backlog. But I don't know why they don't feel a sense of urgency when it comes to improving the bottom line.
SIF one of several weak reports I saw late yest. Guess not a surprise when companies wait til the last day to report. FRD back to their hedging loss ways. And remember how the FORD CEO sounded really upbeat in their fiscal Q4 report in late December. No clue why as the Q1 numbers (Q1 ended in December) were pretty lousy. Ugh.
SMCI up another 11%, or $89, today to $880. Trading over $900 AH! Might get to $1,000 by end of the week at this rate. Perfectly normal action...
Yeah impressive market bounce today! The rebound started late yesterday. Not even the concerning inflation numbers yest AM can keep buyers away for long.
Nice pop on ESP. Opened at $24 yest after the strong earnings report. And hit a low of $24.27 this morning. Before shooting up to $27 this afternoon. Good trading opportunity. Plenty of those in this market...
IMMR anyone? Numbers last quarter weren't very good and you've got the Singer stink. But pretty exciting news this morning with META-
https://finance.yahoo.com/news/immersion-signs-license-agreement-meta-140000534.html
The legal win for IMMR was sniffed out over the weekend. Why the stock jumped on Monday to the mid $8's. But now the stock is slightly lower than it was before the Meta news?? Weird. I picked up a few shares in the $6.70's.
IMMR has a stellar balance sheet with over $5/share in cash & investments. Seems like a favorable risk/reward. And this META news has some pump potential...especially considering the monster run that stock has been on. The 8K filing somehow had more detail than the PR. Looks like IMMR gets $17.5M. And probably more down the line? Details still a bit fuzzy. At least their legal expense should go down with this resolution. From the 8K-
On February 9, 2024, Immersion entered into a Patent License and Settlement Agreement (the “License and Settlement Agreement”) with Meta, pursuant to which the parties have agreed to terms for resolving the Litigation and Meta will license, on a non-exclusive basis, Immersion’s patent portfolio for use in its products. Under the License and Settlement Agreement, in consideration for the license and releases granted therein, Immersion expects to receive approximately $17,500,000, after deducting for legal fees related to the Litigation (and other pending litigation) and other liabilities. Pursuant to the License and Settlement Agreement, Immersion and Meta have agreed to terms for dismissal by them of the outstanding Litigation and inter partes reviews of Immersion’s patents.
https://www.sec.gov/ixviewer/ix.html?doc=/Archives/edgar/data/1058811/000121390024013643/immr-20240209.htm
Anyone check out GENC from last week? Thought it was a great report, and GENC looks like a cheap infrastructure play. Stock was pushing $17 just a couple days ago. Now back in the $15's. I'm adding shares.
https://finance.yahoo.com/news/gencor-releases-first-quarter-fiscal-210500246.html
Totally agree on CRWS. I was hoping for earnings in the low-mid .20's since they said it was the big quarter for Manhattan Toy.
Happy the stock is still up 4% today. On top of what has been a nice run from the mid $4's (since the better Q2 numbers in November). I also thought it might be down a bit today.
There wasn't much to the CC. Sounds like a tough space. I like the dividend otherwise I would sell it all. Plus the quarter reported this morning looks great (even though it really wasn't), so the stock may keep edging higher in this bubbly market.
ESOA up 18%? After a director filed to sell a chunk of shares. Um ok. Wasn't expecting to see this one back over $8 so quickly.
https://www.sec.gov/Archives/edgar/data/1357971/000197309724000003/xsl144X01/primary_doc.xml
Nice 8% pop on OPXS today to the $6.40's. Actually there was a brief dip to the $5.50's yest. I grabbed a couple but the Russell was in meltdown mode...so I thought it was gonna get cheaper. Nope. Right back up. This one more of a trader for me, so I'm doing some trimming up here.
CSPI recovering so I guess the CC went well. Stock was down a few bucks this morning. Thought this might be worth a scalp on the short side into earnings, since it was likely to be a rough Q1 comp. Dang!
Outlook sounds very bullish. But I sure wouldn't be buying this stock near $30 considering they lost money last quarter.
Another solid quarter for CRWS. As expected, nice looking comp thanks to the Manhattan Toy acquisition. But excluding that, the results were kinda meh. Fiscal Q3 top & bottom lines were both down a bit sequentially. I was actually disappointed the numbers weren't more blockbuster. As they said the Dec quarter is the seasonally strongest for Manhattan Toy.
Luckily the stock still getting a pop to $5.50. I like the dividend yield of 5.8%. But am trimming some into the strength.
https://finance.yahoo.com/news/crown-crafts-announces-financial-results-114500097.html
Nibbling on MITQ in the low .70's but doesn't look like any rush. Not one I want a ton of anyway. Quarter was ugly as expected. And like nelson said, the commentary sounded cautious short-term. So that's not great. BUT the stock has a low float. The right PR would launch it over $1. So I think this low floater is an ok gamble down here.
QBAK had a nice report, but it's on the pinks. If it were on Nasdaq, stock would probably be soaring 100% today. At least...
Guessing that's why it sounds like they want to get listed again. Why did they delist in the first place then? Good luck if you're playing. QBAK was a frustrating hold for me back in the day. They have some very lumpy quarters.
https://finance.yahoo.com/news/qualstar-corporation-reports-preliminary-financial-140000693.html
I saw DTSS go across my CNBC ticker this morning in the $4's. And I thought that was crazy. What a bargain it was only up 200% ha
If someone could kindly let us know tomorrow's 10-bagger (no news even required!), would be much appreciated.
DTSS went over $20!! WTF! No news. Unprofitable China stock. And traders can't get enough. Buy your favorite low floaters and wait for the insanity...
Ha DTSS was up 700%?!? From the $1's to a premarket high in the $11's. All on no news?? Have people completely lost their minds?