All, sorry I'm just getting back, but I've been travelling extensively. First, the PWAV order is in a non-competing product segment. Second, as I stated before, I felt SPCT was fairly valued at $65, and I believe others felt the same way, thus reinforcing panic and/or manipulated selling. Third, I posted the Datum press releases, as a warning, of what can happen with thinly floated stocks like SPCT in this sector. Fourth, although I still like SPCT as a company, I am troubled by the tone of the press release. I would expect SPCT to clearly state, that they were going to exceed estimates, not just meet them. As you know, the recent stock runnup was due to positive things at the recent PCS show, including comments from management (reportedly) that they would "exceed" estimates. Fifth, the shock wave which has hit will linger and reduce confidence and increase profit taking imo.
I think SPCT is a bargain in the $40's to mid $50's, but I am waiting, and going to dig some more.
I still think they will exceed estimates this Q, and I may reenter prior to earnings release if the stock is still depressed. But, as I said, I'll dig some more. Good Trading. LF |
