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June 04, 2009 – Comments (8) | RELATED TICKERS: SPCHB
Not a take over rumor but perhaps a little volatile/complicated manipulation or so it seems
Correction 120 % to 64% within an HOUR.
Do they sell guns and ammo?
i think you almost called it at the very top today. nice job sir
Thank you ati2ud.
MOT no guns no ammo . A differnt kind of pump action. at 42 % now no corection was needed LOL
I do believe they might sell the shark spears that divers use...this might be very useful with all the sharks we have, in and out of water.....
This has been bouncing between $1.40 and 1.80 for three weeks. While I'm stuck with a down thumb I can't close, I was starting to suspect that someone "knows" something and won't let it die that easy.
From it's books it is BK material. I did surmise in my pitch that a buyout could occur, but I doubt it would be at an excessive premium since they are over their heads in debt.
WIth no news, there does seem to be a leak of some sort. I will close mine if it gets back below my pick price and consider a green thumb, but all in all I'm not going to "panic".
The volume is very low on this stock. A handful of people could swing the price easily. The question is, is it speculators, or people who got illicit information. Time will tell.
Based on the data (trends) to date, I don't think it's BK material anytime soon. A risk taker might try an upthumb for awhile if they can catch it on a down swing.
Good luck!
Good stuff TSIF and a wild ride. If I break even I am out its too complicated.
I just sent this feedback to CAPS:
" I was getting ready to jump on the red-thumb bandwagon when I saw the blog about Sport Chalet's 100% jump today. But while doing some research I discovered that it shouldn't be ratable and probably should never have been. From their last 10Q:"At February 10, 2009, there were 12,359,990 shares of Class A Common Stock outstanding and 1,763,321 shares of Class B Common Stock outstanding."Class A stock (SPCHA) hasn't been ratable since the end of 2007 and Class B stock (SPCHB) hasn't been ratable since 2005.Strangely, the main quote page for SPCHB shows the market cap as $148M but if you click on the 'Stats' tab it shows the correct market cap of $2.4M (although it shows the combined outstanding shares for Class A and Class B of 14.1M instead of the correct figure of 1.7M)."Unless there is a mistake here then SPCHB should be delisted and all of the picks removed. The only valid pick is one person who gave SPCHA a green thumb in 2007.
This also explains why the stock bounces around so much. There are probably only a couple hundred thousand shares in the float.
hall9999 Good call to bring this to light... I want fair points
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