Savvy Trades and Investments

[southacresdave]

Wade...DAIO...

I think a lot of it had to do with lack of buyers and then computers playing games. A string of 100 share sales on the bid knocked it down. It sat at a spread $8.20 x $8.59 for around an hour. Even now it's $8.32 x $8.52.

One thing you have to remember with DAIO is that it is a low float. There aren't a lot of shares and 30% of the shares of those are held by institutions. If there is buying interest it can jump up. If there is low buying interest for the day, then it can drop quickly. Computers can have fun trading 100 share lots back/forth and move the stock around.

I don't expect any real move until 3Q earnings.

They are presenting at the Midwest conference tomorrow (3:50pm). It will be livecast at:

https://finance.yahoo.com/news/data-o-present-midwest-ideas-130000318.html