January Effect Investing 1999 Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : January Effect Investing 1999

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Harpo who wrote (19)	12/31/1998 4:04:00 PM
From: Q.	Read Replies (1) of 38

Ben, re. CNXS, you are right. I hadn't noticed CNXS since November, when it bounced up nicely from the October lows. But the stock hit its 52 week low again today. On no news since October. The stock is mostly in the hands of small investors like you. Here's what MarketGuide shows: INSTITUTIONAL & INSIDER OWNERSHIP PURCHASES SALES NET PURCH %OWNED Institutions (3 Months) 1.020 Mil 0.540 Mil 0.480 Mil 21.4% Insiders (6 Months) 0.011 Mil 0.000 Mil 0.011 Mil 15.0% So this fits the profile of tax-loss selling perfectly. You are also right that the stock is again selling slightly below cash. They have $65 M cash, and the market cap at 3 3/8 is $60 k. For those who don't know, this stock was discussed over in the 'low cash/price ratio' thread back in October, when it was one of the few non-cyclical profitable stocks that was trading below cash. Unlike other low price/cash ratio stocks, like ERGO, for example, there's nothing about this co. to make you feel sick in your stomach. Unimpressed maybe, or bored perhaps, but there's nothing seriously wrong with it.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next