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Any and all analysis and opinions of ON2 or what to expect from this stock right now are welcomed.
Posts: 35 | Registered: Jul 2003
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Up a few more pennies today. I wonder what the chances are of it climbing its way back up to 1.50 This stock has always confused me because it seems the company has made bounds and are well on their way yet the stock has done nothing but trickle down since their agreement with intel last year.
Posts: 35 | Registered: Jul 2003
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On 11-4-03 Citi bought 5.2M at around .72 and started selling a week later, about the same time a former director started selling, last wk the CEO sold 75K- not a big deal since he picked them up at less than .25 and still has 1.8M, Citi last sold at 1.05 and 1.12, at last report Citi has 800K left to unload, last quarter revs were VERY BAD, small company, only 24 employees, and more pr than product. I scalp this one all the time but am out now except for a very small position. When Citi is through selling I believe it will move.
quote:Originally posted by kong: On 11-4-03 Citi bought 5.2M at around .72 and started selling a week later, about the same time a former director started selling, last wk the CEO sold 75K- not a big deal since he picked them up at less than .25 and still has 1.8M, Citi last sold at 1.05 and 1.12, at last report Citi has 800K left to unload, last quarter revs were VERY BAD, small company, only 24 employees, and more pr than product. I scalp this one all the time but am out now except for a very small position. When Citi is through selling I believe it will move.
Kong I believe you're right. When Citi stops selling the buyers will be back and possibly move it back up a few dimes? They need revs from those EVDs they're selling now in China so next couple of quarters should tell more about where this is finally going.
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