Autobytel Inc. (ABTL)

[confusedtrader]

Good to see one more firm get onboard. But, I wouldn't get too excited having seen what the 3 *new* buy recommendations from Roth, B Riley and ThinkEquity did to the stock earlier this year. Basically nothing apart from a short term uptick to high 80's and low 90's on the days following the buys were issued.

Hard to believe that the clients of 3 firms, couldn't move the stock.

That's why I say ABTL is a special stock. Unless earnings really improve nothing will happen. Outright company sale would be a bonus to *long, long * suffering shareholders

Ascendiant target is 7, which equates to 1.4 pre split. Far from the 3$ that Steve Dyer had. It is close to 1.3 that the B Riley analyst has.

Again, slashing overhead will move target prices higher. Numbers will have to improve. No way out. Otherwise we will be treading water. And frustrated funds will pummel the stock.