Why does a company with a positive 150 million in cash, borrow more while their demand is going thru the roof???
Good Question... Unfortunately the only way this company seems to be able to raise that cash is by issuing shares of stock through splits and secondaries, and the issuance of debt:
Annual Cash
marketguide.com
Quarterly Cash
marketguide.com
and now for the really scary part... the two gaps in the chart from 12/2/99 at $8.708 to $9.33 on 12/3/99
and the following gap 1/7/00 at $11.33 on friday to a monday gap up and following intraday low at $11.75
stockcharts.com[L,A]DACLYYMY[DD][PB50!B200!D20,2!F][VC60][IUB14!LA8,17,9!LF!LH5,5!LI5,5!LG!LC20]
I just wonder what these extra 8 million shorts know that we don't?
nasdaq.com
Your last sentence says it all though Keith,
in this ugly market, we may very well see $10 before we see $30.....
A few things that will always signal the distinct possibility of rampant manipulation in price... convertible financing issues, private placements and secondary offerings.
IBD ranks this company pretty high which is good, even though I believe they have slipped a bit in the last couple weeks. Unfortunately the ranking which are the lowest are in the balance sheet indicators
Silicon Storage Tech receives an overall rating of A-, which is in the 85th percentile of all stocks in the Investor's Business Daily database. The overall rating is calculated using five proprietary ratings that measure each stock's Technical and Fundamental qualities and the Technical and Fundamental qualities of the industry group that it resides in, as well as a rating on the stock's current price attractiveness.
Silicon Storage Tech receives a Technical Rating of 79, which places it 12th out of 43 stocks in the Computer-Memory Devices group.
Silicon Storage Tech receives a Fundamental Rating of 87, which places it 7th out of 43 stocks in the Computer-Memory Devices group.
Silicon Storage Tech receives an Attractiveness Rating of 70, placing it 11th out of 43 stocks in its group.
The Computer-Memory Devices group's technical rating of A- ranks it in the 85th percentile of the 197 different Investor's Business Daily Industry Groups. The Computer-Memory Devices group's fundamental rating is B, ranking it in the 71st percentile of all groups.
Earnings Per Share...77
(EPS) Rating Relative Price Strength...92
(RS) Rating Industry Group Relative Strength(Group RS)...C
Sales + Profit Margins + ROE(SMR)...C
Rating Accumulation/Distribution(Acc/Dis) Rating...B
Got it on the radar though<ggg>
Good trading,
John |
