Wednesday, May 2, 2012

iRobot; LookSmart (yeah right); iParty

iRobot (IRBT) has turned into GDT::Portfolio laggard and this has been disappointing. I saw the following news this morning: "iRobot initiated with a Sell at CRT Capital." I've seen "initiated coverage with a Sell rating" before and I still don't know what it means. My take: I want to initiate an investment in iRobot, but I want to initiate my position at a price that is lower than the current price. Selling pressures can drive down a stock's price; therefore, existing shareholders need to sell. IRBT closed yesterday (02012.05.01) at $23.55. 52-week range: $22.46 - $38.33.

LookSmart (LOOK) reported 1Q'12 results after the market closed yesterday (02012.05.01). The company ended the quarter with cash per share of ~$1.30. LOOK closed yesterday at $0.95. 52-week range: $0.91 - $1.96.

iParty (IPT) reported decent 1Q'12 results last week on 02012.04.25. Now IPT shares seems are near $0.20, which appears to be a resistance price. If IPT can move above two dimes, then a move to three dimes could happen quickly. $0.29 is the 52-week high. When it comes to historical pricing, Finance.Yahoo.com for IPT goes back to 30 December 01999 when it opened at $3.72. I think the last time IPT closed above a buck was when it closed at $1.01 on 26 April 02004 (i.e. 8 years ago).

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