The secondary was priced at $13. The price makes sense since their offering in March was $13.
Add some, here, for the long haul. Fully invested.
Friday, June 14, 2019
Saturday, June 1, 2019
SharpSpring (SHSP 14.58) Significant Development
The stock has been sliding from the 19s since the May 9th news of Evercel's (a holding company) decision to convert their note into 1.2 mm shares of stock. Since then, another 800k shares of stock have surfaced from early investors, bringing the total of new, additional stock outstanding to 2mm shares. Sure, this offering is a dilutive event but the underlying SharpSpring story is intact and for that reason we've added more at 15.
Watch List Update
Gee Group (JOB 1.00) The stock just continues to slide even after Management and Directors invested $2MM of their own capital. I like that commitment but still no position.
GoPro (GPRO 6.30) Had a nice run up to resistance at 7.60, offering that little trade, but no breakout, thus, no opportunity to buy in size for the long haul. Still, no position just yet.
Snap (SNAP 11.89) No changes, no position. Not even sure if I'm interested in following anymore.
Fit (FIT 4.63) FIT was almost $7 at the end of Feb. Despite having some good news and $400MM in cash, they're about to make their fourth visit to the 4.50 area. I typically like healthy looking stock action before a buy but this may be a value play and risk worth taking in the mid-4s. No changes, no position but stay tuned.
Garmin (GRMN 76.48) No changes, no position.
Sonos (SONO 10.15) down from 13.02 since adding to Watch List
Data I/O (DAIO 4.15) No position.
Pro-Dex Inc. (PDEX 11.34) had it's face ripped off. I haven't looked too deeply as to why but the action speaks for itself. It may take another 23 years to recover. LOL. No position.
S&P 2,752
DOW 24,815
NAZ 7,453
GoPro (GPRO 6.30) Had a nice run up to resistance at 7.60, offering that little trade, but no breakout, thus, no opportunity to buy in size for the long haul. Still, no position just yet.
Snap (SNAP 11.89) No changes, no position. Not even sure if I'm interested in following anymore.
Fit (FIT 4.63) FIT was almost $7 at the end of Feb. Despite having some good news and $400MM in cash, they're about to make their fourth visit to the 4.50 area. I typically like healthy looking stock action before a buy but this may be a value play and risk worth taking in the mid-4s. No changes, no position but stay tuned.
Garmin (GRMN 76.48) No changes, no position.
Sonos (SONO 10.15) down from 13.02 since adding to Watch List
Data I/O (DAIO 4.15) No position.
Pro-Dex Inc. (PDEX 11.34) had it's face ripped off. I haven't looked too deeply as to why but the action speaks for itself. It may take another 23 years to recover. LOL. No position.
S&P 2,752
DOW 24,815
NAZ 7,453
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