Larry, as you know, for every buyer there's a seller, so I think it's kind of hard to say "it's a buy vs. a sell." Know what I mean? But the point you're making, I think, is that there is decent activity for trades of more than just 1,000 shares or so -- all us little people.
Frankly, I'm surprised this stock doesn't range on a daily basis from $20.00 to $23.00 a share, right now.
The forward looking P/E's, as mentioned by the recent posts (And thanks for doing that!), reflects a build up of value. When will the value be unlocked?
A Price to Sales ratio might be a more common indicator in this internut sector, but being from the "old school" of wanting to own companies that make money, it's hard for me to get away from P/E's.
Perhaps on Thursday, new eyes will wake up to the value of PROG and it'll stabilize at a higher trading range. I suppose it could even take another quarter before it really launches and people see the improved margins and increased sales with a full quarter of their new internet strategy bearing fruit. |
