posted
Anything above $3.08 and i'm happy I'm more worried about them getting to the NASDAQ than what the price is on a given day.
Repo, you're going through this with FRPT, right? Any idea what the process involves, and how long it would take for acceptance/denial?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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posted
I thought they had to trade above $5 for 90 days, so it may take some time... they have the auditors, financials. Do they have an independent BoD?
Those are the 2 questions I would ask.. the above $5 rule and the Bod.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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quote:Originally posted by Repoman75: I thought they had to trade above $5 for 90 days, so it may take some time... they have the auditors, financials. Do they have an independent BoD?
Those are the 2 questions I would ask.. the above $5 rule and the Bod.
Actually, there are 3 ways to get on nasdaq, and I believe it may be $4
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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posted
So I don't have to keep asking, anyone know where to read up about it? Like is the $5 (or $4) rule it must trade that high every day for 90 days or at an average over the course of 90 days, etc? Do I just go to NASDAQ.com or is there a better site to start my reading?
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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quote:Originally posted by Repoman75: I thought they had to trade above $5 for 90 days, so it may take some time... they have the auditors, financials. Do they have an independent BoD?
Those are the 2 questions I would ask.. the above $5 rule and the Bod.
They were trading above $5 for 90 days+ prior to the recent drop. The only hold up according to the company was filing quarterly financial statements, they filed the documents just before the drop. I believe they are qualified to move to the NASD. I will email IR to see if I am correct and post their response
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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quote:Originally posted by PCola77: So I don't have to keep asking, anyone know where to read up about it? Like is the $5 (or $4) rule it must trade that high every day for 90 days or at an average over the course of 90 days, etc? Do I just go to NASDAQ.com or is there a better site to start my reading?
posted
Much obliged. I'll post my take once I finish reading through it (probably not until this evening).
quote:Originally posted by Livinonklendathu:
quote:Originally posted by PCola77: So I don't have to keep asking, anyone know where to read up about it? Like is the $5 (or $4) rule it must trade that high every day for 90 days or at an average over the course of 90 days, etc? Do I just go to NASDAQ.com or is there a better site to start my reading?
posted
Oh no, it's dropping like a rock, we're all gonna dieeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee!
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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When a company does a stock buyback, often times they like to manipulate price so they dont have to buy to high. Will look to get in again when they pull the price down so they can repurchase the shares.
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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quote:Originally posted by stocktrader22: Pulled out.
When a company does a stock buyback, often times they like to manipulate price so they dont have to buy to high. Will look to get in again when they pull the price down so they can repurchase the shares.
WOW! What a change of heart! Well, you made decent profits so good job!
But I disagree with your theory... quite the contrary. MM's know they company is buying back, and therefore will RAISE the prices so they pay a premium. I still say we hit $5-$6 within 2 months.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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quote:Originally posted by stocktrader22: Pulled out.
When a company does a stock buyback, often times they like to manipulate price so they dont have to buy to high. Will look to get in again when they pull the price down so they can repurchase the shares.
WOW! What a change of heart! Well, you made decent profits so good job!
But I disagree with your theory... quite the contrary. MM's know they company is buying back, and therefore will RAISE the prices so they pay a premium. I still say we hit $5-$6 within 2 months.
Nope not change of heart Repo. I am a swing trader and sometimes hold long. I believe this company will hit $5-$6 in a few months or less. I also believe I will have an opportunity to buy because based on what I've seen companies negotiate with MM to keep price at a certain level during buyback. Just my opinion
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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posted
I don't agree with that either. You're suggesting collusion between the company and the market makers?
Posts: 1053 | Registered: Mar 2006
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quote:Originally posted by stocktrader22: looks like i sold too early. But profit is profit, and CSHD has really put a downer on my portfolio. Hopefully ill be back in with you soon!
I doubt it chief. There will be no pullback until about $5.75...
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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quote:Originally posted by stocktrader22: looks like i sold too early. But profit is profit, and CSHD has really put a downer on my portfolio. Hopefully ill be back in with you soon!
I doubt it chief. There will be no pullback until about $5.75...
we will see
-------------------- Disclaimer: Not accountable for anything I say Posts: 6266 | Registered: Jun 2004
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posted
You should have asked about your buyback theory before you sold... that just doesn't happen. If the company DID want to do that, why would they PR that information? Why not just buyback on the DL and have MM's work with them?
No, the point of announcing the buyback is too limit the amount of shares, and drive the price up! Insiders already have their shares, they want it to go up now.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
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quote:Originally posted by stocktrader22: looks like i sold too early. But profit is profit, and CSHD has really put a downer on my portfolio. Hopefully ill be back in with you soon!
I doubt it chief. There will be no pullback until about $5.75...
I'm with Repo, we'll gap again tomorrow morning then take a small dip. We'll climb again later in the day and I don't think we'll see under $5 again...JMHO
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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posted
I know it happens infrequently, but I thikn Repo is making sense here.
quote:Originally posted by Repoman75: You should have asked about your buyback theory before you sold... that just doesn't happen. If the company DID want to do that, why would they PR that information? Why not just buyback on the DL and have MM's work with them?
No, the point of announcing the buyback is too limit the amount of shares, and drive the price up! Insiders already have their shares, they want it to go up now.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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