No, on the contrary I was compaing it to other stocks trading in the $20 to $100 range none of which trade less than 200 shares a week for months on end. Please show me one.
TEVE may well turn out to be a great company if they can manage to increase earnigs to a few million a year. Can't really project that after one postive quarter of $35,000 earinings after several losing years. It would help to see the financials to see how they achieved these numbers. Was it increased revenues or cutting costs? Makes a big difference especially when the financials were niether audited nor made public. Unless people posting here have insider information on the current quarter there is no way to tell what's coming. Perhaps the next quarter will tell.
Until then and until there is at least thousands of shares a day start trading no serious invesor will want or can get involved. As can be seen from the last rade someone had to take $20 a share, or 10 cents a share preflop as there is no demand and few shares for sale. That, at least for that seller, is not a good thing.
I know some think that's good and it makes no difference for those already in who have no need to sell and are prepared to wait for months or possibly years. However, no new investor wants to pay $68 for a stock than he can only sell for $20.
This may all change in the next few quarters if the company grows earnings and becomes open wth its financials.
All the best to TEVE.
AI
