Tuesday, February 24, 2015

Geeknet (GKNT) Needs New Leadership

Geeknet (GKNT) reported 4Q'14 results and they sucked. GKNT closed yesterday (02015.02.23) at $7.31, down 7+% for the day.
"We are extremely disappointed with our fourth quarter and 2014 performance. It was a very competitive and promotional environment. In addition, the delivery issues experienced at our third party fulfillment center and related customer service issues negatively impacted revenue and gross margin. Therefore, in 2015, we are committed to sharpening our focus on product leadership, executing on our strategic plan and improving the customer experience," said Katy McCarthy, Chairman and Chief Executive Officer.

McCarthy needs to be fired.

Friday, February 20, 2015

Axion Power Intl. (AXPW) Spikes Up

Axion Power Intl. (AXPW) closed yesterday (02015.02.19) at $0.47, up 47%. I really wanted to add to our AXPW position at $0.35 two days ago, but never got around to placing the order. D'oh!

Yesterday's volume was 485,143 vs. 70,838. AXPW has become an extremely volatile stock and I'm sure trading in it is being subjected to significant manipulation.

AXPW closed yesterday at $0.47 (a 47% gain), but 1.5 months ago it closed at $1.00.

Nanosphere (NSPH) Spikes Up

Nanosphere (NSPH) closed yesterday (02015.02.19) at $0.36, up 37%. NSPH is an important GDT::Portfolio stock, so any gain is appreciated; however, NSPH could fall back to a quarter when the markets open today (02015.02.20). The motivation for this posting was yesterday's NSPH trading volume: 12.4 million vs. 1.8 million. There was/is some speculation that the "superbug" increased demand for NSPH shares.
Two patients died at the Ronald Reagan UCLA Medical Center in a superbug CRE outbreak, caused by two medical scopes that still carried the bacteria even after they were disinfected.

Nanosphere's Verigene System "enables clinicians to identify and treat the bacteria and viruses for complex, costly, and deadly infectious diseases."

Wednesday, February 11, 2015

Spire (SPIR) Shows Signs of Life

Spire (SPIR) had a press release today (02015.02.11) titled: Spire Receives New Contract for Advanced Solar Simulator from Major Chinese Thin Film Manufacturer. The press release didn't contain many details, but SPIR spiked from $0.28 (yesterday's close) to $0.39 on the news. The GDT::Portfolio would be in much better shape if SPIR wasn't a penny stock.

Friday, February 6, 2015

Twitter (TWTR) Reports 4Q'14 Results

Twitter (TWTR) reported 4th-quarter results after the markets closed yesterday (02015.02.05). Wall Street must have liked Twitter's progress because TWTR is up 10% in pre-market trading today (02015.02.06). Right now our TWTR investment is down approximately 5%, so a good gain today will turn the investment green.

TWTR closed yesterday (02015.02.05) at $41.26. 52-week range: $29.51 - $58.98.

Thursday, February 5, 2015

iRobot (IRBT) Tanks After Reporting 4Q'14 Results

iRobot (IRBT) was down 11+% this morning (02015.02.05) after reporting 4Q'14 results after the markets closed yesterday. The company had a solid quarter, but short term "investors" didn't like the iRobot's guidance for 02015.

IRBT closed yesterday (02015.02.04) at $31.96. This morning IRBT hit a new 52-week low of $28.05. 52-week range: $28.05 - $48.36. I can't help but wonder at what price does iRobot become a takeover candidate.

[update::02015.02.05] IRBT ended the day at $29.15, down almost 9%, after hitting a new 52-week low of $28.05. Volume was almost 10-times the trailing-3-month average.

Wednesday, February 4, 2015

Level 3 Communications (LVLT) Reports Solid 4Q'14 Results

Level 3 Communications (LVLT) has been one of the few GDT::Portfolio stocks making new 52-week highs. Another 52-week high was hit today (02015.02.04) after the company reported solid 4Q'14 results. I liked the following from the press release.
"Free Cash Flow was $325 million for the full year 2014, compared to negative $47 million for the full year 2013. [...] Additionally, we expect to generate Free Cash Flow of $550-$600 million for the full year 2015."

LVLT closed yesterday (02015.02.03) at $51.39. Shortly after the market opened today it spiked to a new 52-week high of $53.65.