Friday, January 19, 2018 11:15:01 PM
PCMI - I agree with a lot of what you've posted here, PCMI, that the trading behavior has been very strange. As for why shorts would still be shorting down here? When viewing the weekly longer term chart, it may be they think they can get a perfect symmetry and push PCMI one more leg down to low $8s or even sub $8, making the stock fall to previous lows of Feb. 2016. I don't think that's gonna happen, but stranger things have certainly happened in the world of stocks.
I think part of the problem is that the analysts have not been carefully looking at what PCMI is suggesting it can do in 2018.... so one of the analysts has a really low EPS estimate for 2018... It may be spooking some prospective investors.
That's why i agree with you that the co. needs to somehow step up here and give the market one or more bullish statements! Such as pre-announcing Q4 earnings and/or giving some rough guidance for 2018 (especially in light of their lower tax rate for much of their income).... Also, not just more share buybacks by co. but also some insider buying would be fantastic!
I think part of the problem is that the analysts have not been carefully looking at what PCMI is suggesting it can do in 2018.... so one of the analysts has a really low EPS estimate for 2018... It may be spooking some prospective investors.
That's why i agree with you that the co. needs to somehow step up here and give the market one or more bullish statements! Such as pre-announcing Q4 earnings and/or giving some rough guidance for 2018 (especially in light of their lower tax rate for much of their income).... Also, not just more share buybacks by co. but also some insider buying would be fantastic!
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