Goodboy, a lot of this type of activity in CCUR can be traced back to
Cyberguard. I don't know if you were around when this split was made
with them but they got 10,000,000 shares of CCUR as part of the split. They were going to make a secondary offering but the market
turned against them before they could get it off. Then, to raise cash, they decided to sell the 10,000,000 shares of CCUR. They just
dumped this stock on the open market, driving the stock down from
2.25 (at first sale) to $1. They sold Lew Leiberbaum 5,000,000 shares at $1 (and 200,000 to us at $1). This 10,000,000 shares seemed to end up in the hands of traders and the current trading
pattern started then.
We can't complain, because shortly after we bought our stock it ran
back up to 3.75 and we sold much of our stock at around $3. When I
refer to our old trading days, I am mostly referring to that one trade
which netted us about $300,000 profit. Fortunately, after Dan
Dunleavy's "extremely challenging" comment, we bought back in at
$1.375 and then we have bought all the way up for an average of a
little over $2.
Just a little history there in case you missed it.
Ken |
