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Volume is very low, not concerned at this time.
Until we get a positive news event directly from the company we will just tread water.
The price corrected at the close to correspond to the closing price on the Toronto Exchange.
$19.30 X 0.76% = $14.66.
I hope you are right! I'm loaded and bought more at $14.95 a couple of weeks ago. I think we will see some positive news over the next couple of months.
Looks like it's starting to settle.
I watched them fill the gap, great call!
Trip, thanks for your reply. With all the positive news this is certainly a head scratcher! I wonder if we are going to receive some negative news. The volume has been very heavy the last two days to the downside.
Thoughts on this weeks trading, especially today's trading? This is my take, trading was light all week except for today. They walked it down all week and dropped the price this morning to the mid teens on 2 or 3K. We then saw a number of larger blocks traded for a couple hours and then went back to the normal size trades we saw for most of the week. Just my guess, but I think there was someone who bought stock on the last offering and wanted to take some profits today. This was pre-arranged and there was a buyer for the stock. I actually had the time to watch the trading today and never saw the large blocks on the bid or ask. I'm thinking if the seller is done we trade above $16.00 next week, JMHO.
Thank you Hayfarmer. Any kind of good news will make it pretty hard to cover a short position in this stock.
Does anyone know if there is a short position in PROF?
I asked him the same question, would love to get an answer.
Trip, I also own a substantial amount of PROF and I'm holding tight. This is a situation that comes around once in a blue moon.
I don't mind sharing, it makes up about 40% of my portfolio. Were they correct when they did their first report on Profound?
Thank you for sharing. Do you know how big a following they have?
Correct, but they are working with the former CMS council which gives me reason to be optimistic.
Dndodd, thank you very much for the clarification of the code issue!
Thank you Trip, I need to listen to the conference call again. I don't remember him saying that about the billing code.
Thank you Trip! I'm not sure why he thinks they will obtain it's CMS insurance code within 3 weeks but if that happens it will be game changer. I think we will have a $20.00 stock.
Thoughts?
I bought more this morning. Still not sure what is going on.
Hayfarmer, thanks for sharing. The article is dated 8/04/20 which is two days before the conference call. It then says he updated this report to clients on Thursday ( I'm assuming Thursday night).
We got the bump up on Friday but very confused what happened today. Could there be a downgrade from someone else?
Hayfarmer, thanks for sharing. The article is dated 8/04/20 which is two days before the conference call. It then says he updated this report to clients on Thursday ( I'm assuming Thursday night).
We got the bump up on Friday but very confused what happened today. Could there be a downgrade from someone else?
My guess is we received a downgrade from someone.
someone liked what they heard on the conference call yesterday.
Just took some time for revenue projections to be raised.
Agree, did it seem to you the Raymond James analyst was happy with the second quarter and forward looking guidance?
I'm hoping you are right and the conference call goes well!
Anyone else getting a little concerned?
Very hard to buy stock here. Nice little push in the last 30 minutes. How high do we go if we get positive news on Thursday?
I think we are do some positive news!
Do you know if there is a lockup period?
Does anyone know what the requirements are for a stock to trade options or become marginable? I would love to see PROF become eligible.
MST401K, good points. I'm not sure they will have to supply MRI equipment because they have partnered with MRI centers. I'm hoping Jefferies will pick up coverage after the offering is completed.
I wonder why it took until a couple minutes before the close to break 15.00.
I wonder how much stock was bought at 15.00 today?
Board is very quiet today.
This is the deal.
2,758,621 shares priced at $14.50 per share. I thought they would get $15.00 on the low end. I hope I'm wrong but I think they had to give up to much to make the deal. What I don't understand is why they did this now with all the cash on hand. I think their business is going very well, why not wait until the stock is in the low 20's to do an offering and get a better price.
I hope you are correct about going straight up, but the stock is down in after hours.
So on 7/09/20 RJ comes out with a very bullish report on PROF so they could move the stock price up and 5 days later PROF comes out with news they are doing a proposed offering of shares. And what a surprise, RJ is involved in the offering.
There is a seller out there and I hope it's because he needs money to cover a short position or to pay his taxes. JMHO