Good Morning E_K_S,
Nope, not me, BUT it is exactly what I had hoped to see.
Somebody with lots of buying power decided to get in the game.
I had watched earlier in the day and there were 300 at $7.66 and 500 at $7.79 ish. An unusually wide spread and nobody budging.
There was a block of 10,000 at 7.95, it looks like that 300 lower priced lot got gobbled up at 12:23 with 25235 shares trading in one minute. That block was later followed by 16,000 block @ 2.57, just before the close.
There may well have been an order for 40,000 plus shares that took the afternoon to accumulate the buys of the day.
Those are signs of an institutional buy plan - very far different than my scardy cat 1000 adds every 45 - 60 days apart.
The previous pop to $8.20 on 12/27/24 traded only 15,709 shares that day and 34,000 the next day. The day before that pop only 2200 shares traded.
Breeze has an Elliot wave count that puts us now in the 3rd wave of a final 5 wave.
Thirds are the most powerful and extend the most often.
I have observed in past major up waves, that the small caps often have their day in the sun at the end of major wave. The small caps often exceed the huge runs of the big runners (Mag 7 types) on a percent basis.
If we are to be very lucky, a consortium of institutions will be adding and accumulating large positions at the same time. Thart can be a formula for a parabolic move up. Can be, could be, woulda shoulda. we've already done.
I have a full position. I'll get crazy and maybe add 2,000 more shares.
My current average is $3.80. A triple for me will be reached at $11.40.
A long time ago I had a huge position in a stock called KVHI. They had invented a very fast fiber optic gyro - a great invention that when combine with the three axes tells on in the speed of light where the gyro pack is. The fater developed the algorythm for NASA AND SPACE TRAVEL.
VERY NEAT COMPANY. Jan and I went to visit the company, and they gave us a great warm reception.
The CEO was family and so too were board member siblings.
The father had built up a great company for his kids.
Although Honeywell and Lockheed Martin knew about fibre optic gyros, KVHI never had a high volume product that came to market.
In between the company was run like a country club. New Product introduction with very high quality but very high prices. The board rewarded themselves with large regular option candy and it was always imediately turned into cash.
Stock options provided a lavish lifestyle AND IF THEY REALLY HAD A BIG PRODUCER IN THE FUTURE, AT LEAST SOMEONE WOULD HAVE BUILT A BIGGER POSITION.
I got to a triple and sold out 1/3 of the position. I was on the market's money and had doubts about the excessive options candy WHICH WAS DILUTING MY POSITION. At one time I had 1% of all the oustanding shares.
Then the company issued a secondary followed by poor earnings. The stock took a dump and has not performed well since.
Finally a hedge fund took over, removed the CEO and family and is struggling with a low stock price and going sideways forever.
I have since always liked the sell one third on a triple LET THE REST RUN.
AMFN has two huge endearing plusses over what KVHI did:
1) no options but performance bonus plans that they accrue - I love that!
2) no or very little debt and cash - which can internally fund their market footprint expansion plans.
Both are long term achievements that add great quality to the company's longer term growth plans. Of course, such success will make then a target for acquisition by a larger company with existing efficient logistics.
That's where a family operation can either ring the bell and sell out, or build out long term huge personal wealth.
We'll be on the outside looking in, but either alternative will be a wealth defining ride for us.
Because of the better governance (very conservative family ownership), I intend to slowly scale out over 10-12 range. So many shares (small lots) thinking mostly 500 lot size, with two lots per dollar of increase.
I'll do a LIFO selling of the high cost shares first.
If management continues the regular increase of the dividend, I'll get my seed money back and get a very nice return on my investment till I'm pushing up daisies.
I do have to build a shop and the recovery of the seed money will accomplish most of that over time.
I hope that plan can be followed out in time.
That's my plan, I can't prove it, but I'm sticking to it. LOL
I hope and expect next week to be very volatile and surprisingly positive.
Bob |
