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Originally Posted by randallscott35
Look they sold 6.2 million extra shares in December at 3.25. That basically put a ceiling on it near term and dipped it back below 3....If you are looking for a trade and think it could go to 4 sometime this year, I guess it is possible. The United Tote acquisition wasn't a bad idea. But long term, I don't think this stock sees 10 dollars before next decade.
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Like I said, I'm planning to hold this stock long term, so I think getting it at $3 is good... my hope is that when the stock dipped to $2.53 last month that that was the bottom and that it's on the rise now - I saw a 1 year projection of over $4 but we'll see about that... It is interesting to see the trend of insider activity for this stock (
http://quicktake.morningstar.com/sto...tocktab=owners ) - this is the first time in years that people like the CFO are buying shares and not selling...
I'm not worried about losing my shirt on this stock, it's just one of many in my portfolio, and it's only 300 shares...
Just my thoughts... thanks for your input.