I dunno about the technicals, but I have been accumulating at around 1 3/4 and feel very comfortable with that price. Seems to me the only way this could go bad long-term would be bankruptcy, and I just don't see that in the cards. I can't put a fair price on TRAC for a buyout, but there is no doubt in my mind that it would have to be significantly above current prices.
Like a lot of people I took a bath on this stock when it dropped from my average of about $6.00. I salvaged quite a bit of that flipping it intraday when it was so volatile. The trading range has narrowed considerably, and hopefully we are finding a bottom here.
Unlike many, I have had none of the problems with late reports recently. I did have one instance about 3 months ago, and wound up short 10,000 shares of a BB stock. Luckily, the price had dropped and I was able to cover with a profit. I did however receive a call from Webstreet this morning before the open informing me of an AS/OF report on BBAN. Again, the price was in my favor, so I have been lucky. I only mention it because it would seem that Mytrack is not the only broker having this occur. Most of my orders have been routing to NITE, which makes for much better fills, and overall I have been more pleased with the performance this week than I have been in about a month.
For me, I think that the best thing that could happen at this point would be a sale of the company, to an OLB or full service wanting a foothold in the market. Whoever it is, they need to have some stroke and enough bucks to be able to tell Herzog how the business will be done, and get rid of the sophomoric practices such as 100 share fills. I'm keeping my fingers crossed, but watching the price like a hawk. |
