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I agree 100%. The Trade Architect doesn't give you anything that you need, and just takes a lot of time to download. It looks to me like someone at TD Ameritrade just made up something to do so they could keep their job.
Confusedtrader, drop by once in a while and see what's happening. Good luck with your new stock.
Stockdoc.
Lots of SEC action going on, and I have no idea what it means. I don't see anything obviously wrong, so that's worth something.
One thing we know now that we weren't sure of before, is that ABTL is going to do some advertising. That's where some of that $15 million is heading.
stockdoc
It looks to me like the prospect of hitting 43 cents per share next year is helping this stock out...at least, on the short-term. Currently up 24 cents.
I'm not sure how you figured that this writer has a big following, but Seeking Alpha's own information shows that he only has a total of 98 readers interested in ABTL. That's next to nothing when it comes to buying and selling stock.
Stockdoc68
Seeking Alpha gives a decent review of ABTL. Unfortunately, they did it on Sunday when very few people bother reading these articles.
It looks like the sellers are pure amateurs. They're selling at market and getting hit for 15 to 25 cents less than they're asking. Always put limits on your buys and sells.
Incidentally, funds are doing some selling for whatever their reasons.
I don't see that the earnings were anything but terrible. At four cents per share, that comes out .8 cents per share presplit. Horrible. It was supposed to come out about five cents per share presplit. At this rate, they'll only come out about 4 cents per share presplit for the year. That's ridiculous.
I did see, however, that Jeff gave bonuses as soon as they got shareholder approval to hand out many thousands of dollars to employees. Nice move, something the shareholders will never get.
Cash on hand...well, Jeff sure handled that well. He doesn't know what to do with the cash, but one thing for sure...shareholders aren't getting any of it back as a dividend. Jeff's probably going to pay some hyper-inflated price to one of his friends for some garbage with the cash.
Now, something critical that's worthy of SEC action. It seems that when I voted my shares the way I did, somehow the votes were changed....in favor of ABTL requests of course. I don't know who or how my voting was changed, but that's a serious issue worthy of some follow-up. I'm doing that now, and if it turns out that there's something illegal going on, ABTL's going to be in very big trouble.
The only thing Jeff did on the positive side was to give some guidance for the coming year. Right now, I don't see that doing that is going to over-ride the crap that's coming out of this company.
That's it for today.
stockdoc68
Atrop didn't take a position in ABTL. What ATROP got was payment for Autropolis (and whatever) when ABTL bought them out. They would have received 2 million shares of ABTL (presplit), but that was adjusted to 400,000 shares post split (plus some options to purchase additional shares.
The big question is "what will they do with those shares when they're eligible to sell those shares on the open market in September.
This a$$hole management won't even give us back a small portion of the money that belongs to us, but they'll hand it out to each other like it's for free. Of course, for them it is free money, just reach in and grab a big hand-full. Shareholders are totally stupid and don't care if you take their money. That's ABTL for you, and that's ABTL shareholders for you.
Stockdoc
I see that ABTL's handing out bonuses like crazy. 5,000 shares a piece to about 5 personnel so far today. What do the shareholders get?...they get the bill for these bonuses. We keep them supplied with stock that they can just give to each other. I think it's just beginning. They want to hand out more bonuses and crank up the pay scale too.
If these asses paid half as much attention to the shareholder as they did to each other, the company would be showing at least twice the bottom line profit as they are now.
Autobytel's general meeting didn't turn out quite the way they wanted. Now they're calling for a definitive vote on prop 3. They did a half-assed job of notifying shareholders and the voting is all screwed up because the notification doesn't allow shareholders to access their voting forms.
Typical Autobytel screw-up.
stockdoc
Considering that the market dropped 353 points, ABTL did very well today.....just breaking even. Let's see if today's general meeting will provide some incentive for management to make some good moves.
Stockdoc :)
Today could be interesting: Autobytel Inc., Annual General Meeting, Jun 20, 2013
Apr 29 13
Autobytel Inc., Annual General Meeting, Jun 20, 2013., at 10:00 Pacific Daylight. Location: 18872 MacArthur Boulevard, Suite 200. Agenda: To elect two Class III directors; to approve an amendment to the company's certificate of incorporation to reduce the number of authorized shares of the company's common stock, $0.001 par value per share and to clarify the authority of the board of directors to fix the voting rights of any preferred stock issued under the certificate of incorporation's existing preferred stock authorization provision; to hold an advisory vote on the compensation of the company's named executive officers; to hold an advisory vote to determine the frequency of future advisory votes on the compensation of the company's named executive officers; to ratify the appointment by the company's Audit Committee of Moss Adams LLP as the company's independent registered public accounting firm for 2013; and to transact such other business as may properly come before the Annual Meeting and any adjournment or postponement thereof.
Nothing more than you can see posted here on the board. They have a shareholders meeting, I think, on the 20th. Maybe we'll see something good come out of that. Coghill might give Coats and the BOD a big kick in the butt.
stockdoc
Thomson/Reuters/Verus 6/10/13
Consensus Ratings for Autobytel (NASDAQ:ABTL) (?)
Ratings Breakdown: 1 Hold Rating(s), 3 Buy Rating(s), 1 Strong Buy Rating(s)
Consensus Rating: Buy
ABTL Upgraded to a Buy from Hold.
stockdoc
I'm the worst stock picker in the USA. Bad luck follows me around no matter what I try to invest in, and I wouldn't advise anyone on what to invest in. Looking back, I don't think I ever actually advised anyone to invest in ABTL ....at least, I hope not. Right now, I'm just hoping ABTL gets high enough for me to break even.
I'm only trading mainstream stocks. They may be slow to show gains, but I'm not messing around with speculative stocks anymore.
stockdoc
I'm hoping that ABTL was just taking a breather after the last run-up and now, it'll start finding it's way back up again. Maybe we got rid of the "weak hands", and bigger, better investors will show up.
That's what I'm hoping for anyways.
stockdoc
What do you mean by " ...the fag end of a market rally"?
stockdoc
It looks like the party's over for a while until ABTL comes out with some very good earnings or something that merits the attention of the market. It was good while it lasted.
stockdoc
Coghill's been very active over the last month or so, and they ended up owning more than 10% of the outstanding stock and had to dispose of some of it. It appears that they still retain voting rights through the SWAP rules.
stockdoc
So, there's something new that I haven't seen before. A new SEC filing, Form 4. It's related to Clint Coghill and Coghill holdings. It just showed up Friday, and i'm trying to find out what it means. I'll post what I find out. I suspect it's related to the June stockholders meeting. I'm hoping Coghill's going to make a move that will help straighten ABTL out to the benefit of the shareholders.
Stockdoc
It looks like ABTL's still suffering from the same illness...lack of confidence and concern that the current up-swing is temporary and too fragile to maintain the current price level (or better).
It's just a matter of building some confidence over a period of time. The trouble is, investors need confidence to begin with. Let's see what happens near the close of the market.
stockdoc
Two days in a row that it closed over $5. It's losing conviction, but I'm hoping it's just a temporary pause before picking up some additional momentum. This stock is really undervalued, the market just doesn't like Coats or ABTL...don't know which. Maybe both.
stockdoc
At last!!!!! A good benchmark, and now let's see if we can get some good mileage out of this stock. Heaven knows, we've been holding this stock through thick and thin with little to show for our faith that the market would finally realize that this company's worth something.
Is there anyone out there left of the posters here on the iHub board besides me and confusedtrader? Wouldn't mind hearing from y'all even if to just say "hello".
stockdoc
Where are we going to have the party? ABTL finally breaks five, and for those of us who are left, there should certainly be a celebration of some kind.
stockdoc
I'm kind of surprised and glad to see that ABTL's price is holding up as well as it is. That can't be anything but good. It looks like it's the result of the SA article, and that is a real surprise considering how SA changes it's mind literally from day to day on what companies are good to invest in. Regardless, it's about time ABTL got some recognition for the good moves it's made.
Now, if they could just clean house... That just ain't happening. ABTL's just too much of a cash cow for Coats and the BOD.
stockdoc
Take note, it was only the last trade that propped up the price of the stock. Easy up, easy down. I'm not counting on ABTL holding it's current price level.
stockdoc
Nice finish. It didn't make any sense for someone to buy like they did, but a lot of times, it doesn't make any sense for them to sell like they do either. I guess it all evens out in the end.
Stockdoc
If the darned thing could get above $5 and stay there for a while, the stock would qualify for more funds buying into it. It may happen, but right now, I'm more concerned about the SA article losing momentum and things going back to the usual.
We definitely need another analyst to give this stock a kick in the butt to keep it moving.
stockdoc
It hasn't hit 90 cents presplit and probably won't until ....??? Jeff Coats really screwed this stock up with his reverse split.....imho. It's going to take a tremendous effort to get this stock up to anything over $5.
Too bad it's seeking alpha doing the review. Seeking alpha uses a lot of hack writers that can't find regular jobs.
Anybody know what was on the second page of the review?
It's all stevedakota's fault. He didn't use ABTL's services.
stockdoc
As long as you have some money left, ABTL is still your friend. Either buy their stock, or just send it directly to them. Jeff Coats needs the cash to buy his new Bugatti. Let's not let him down.
That's a likely sounding story!!! All will be forgiven if you buy a car through ABTL within the next ten days. ABTL needs your money!!
Stockdoc.
Take it back, get your money back and use Autobytel. How do you think we're going to be able to afford Coats and his BOD if you don't do business through ABTL. Shame on you.
stockdoc
For what it's worth. The institutional holdings have been going up for the last month or so. They're just edging up, and might be worth noting.
As far as I'm concerned, all the rest of my feelings about ABTL management remain the same. Maybe Coats and his gang of accomplices will do something with this company...like maybe sell it to another company that will do something with the company besides taking millions and leaving the crumbs for the shareholders.
stockdoc
I know how you feel. The news always talks about how the market's going crazy, and ABTL can't even make it to 90 cents presplit. The one thing i can tell you is that the Dow Jones averages is a bunch of crap. Every time a company that's part of the Dow average screws up, they replace it with another company that's doing well. The Dow, to me, doesn't mean anything anymore. Just some more hype.
stockdoc
ABTL now stands at 81 cents pre-reverse split price. Good going ABTL management.
Coats better stay away from the Riley presentation. His presentation will drive the price down to $2.
stockdoc