CLFD - Clearfield

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macattack

Anyone have any insight on this stock?

Worst investment of the year for me.....any signs this thing will ever bounce?
In 14 weeks, it's gone straight down every single week, except for a couple bars that were barely green.

Anyone know why it's tanking, and if there's any chance it will ever go up again?
Volume today was almost non-existant.
Obviously it was a pump-and-dump, and I'm one of the bag holders. :(
 
macattack said:
Obviously it was a pump-and-dump
More...
It wasn't a pump & dump since there is an actual bis behind it. You got cought in eupharia stage, seems in the very peak.

You should go back to sim trading. Triple the account and then go back to trading/investing with real money.

If you can't 3x the money in sim, just forget about trading and start DcA into SnP & Nasdaq.
 
Congrats to those who manage
to long it by the end of 2020 (based on higher lows),

and short it a few weeks ago (based on a $90 support level that was broken decisively)

It seems like it is going to hang around 55 to 70
for many days/weeks/months...
 
Nobert said:
It wasn't a pump & dump since there is an actual bis behind it. You got cought in eupharia stage, seems in the very peak.

You should go back to sim trading. Triple the account and then go back to trading/investing with real money.

If you can't 3x the money in sim, just forget about trading and start DcA into SnP & Nasdaq.
More...
I haven't used this EliteTrader site in a long time.....it's such a strange place. :)
I didn't say where I bought it, or how much. I'm going to be ok.
I am just wondering if anyone sees anything I'm missing.....some reason it may go up for a change, or some reason it may tank even more.
If it hangs around 55 to 70, that sucks but better than going to 10.
Can't believe the damn thing can't even muster a $2 up day. It's just dead at the moment.
 
macattack said:
I haven't used this EliteTrader site in a long time.....it's such a strange place. :)
I didn't say where I bought it, or how much. I'm going to be ok.
I am just wondering if anyone sees anything I'm missing.....some reason it may go up for a change, or some reason it may tank even more.
If it hangs around 55 to 70, that sucks but better than going to 10.
Can't believe the damn thing can't even muster a $2 up day. It's just dead at the moment.
More...

The downforce momentum is still very high.
Why do you want to long it?
Is there any major change in the company/CEO?
 
macattack said:
Anyone have any insight on this stock?

Worst investment of the year for me.....any signs this thing will ever bounce?
In 14 weeks, it's gone straight down every single week, except for a couple bars that were barely green.

Anyone know why it's tanking, and if there's any chance it will ever go up again?
Volume today was almost non-existant.
Obviously it was a pump-and-dump, and I'm one of the bag holders. :(
More...
It looks a little pricey for the sector they are in. Not sure how much growth is left in fiber optic cable.

Forecasting $4.50 in earnings. So a PE of about 14.
No debt to speak of.
Trades at 3X sales (again, pricey for a manufacturing company)
16X cashflow

Did you read their report?
Did their cash position go up?
A company like this should be paying a dividend or buying back shares.
I'd look at that if I were you.

They have good margins, but I'd look at their growth going forward, not looking back. They have impressive yoy numbers, but will that continue?
That's an important question.

If they aren't expecting at least 15% + top line revenue growth for the next several years, and they aren't paying a dividend, it should be trading at a PE of 10 tops.
IE, $45

There were a few insider buys for $60, but nothing major, more than likely just for show imo.

I'm not gonna tell you to sell it... but if I were in the market to purchase a manufacturing company as a real business, I'd be paying a PE of 6 tops. Tops. But this is Wall Street and its a fantasy world so... whatever.
 
vanzandt said:
It looks a little pricey for the sector they are in. Not sure how much growth is left in fiber optic cable.

Forecasting $4.50 in earnings. So a PE of about 14.
No debt to speak of.
Trades at 3X sales (again, pricey for a manufacturing company)
16X cashflow

Did you read their report?
Did their cash position go up?
A company like this should be paying a dividend or buying back shares.
I'd look at that if I were you.

They have good margins, but I'd look at their growth going forward, not looking back. They have impressive yoy numbers, but will that continue?
That's an important question.

If they aren't expecting at least 15% + top line revenue growth for the next several years, and they aren't paying a dividend, it should be trading at a PE of 10 tops.
IE, $45

There were a few insider buys for $60, but nothing major, more than likely just for show imo.

I'm not gonna tell you to sell it... but if I were in the market to purchase a manufacturing company as a real business, I'd be paying a PE of 6 tops. Tops. But this is Wall Street and its a fantasy world so... whatever.
More...
Thank you for the breakdown.
To be honest, I bought based on it tanking, combined with seeing all of the positive numbers such as a top IBD ranking. I did not put much effort into it, so I deserve what I get.
Just hoping it will go up, a little bit, some day. I had about 25 stocks on a watch list today, and it was the only one red. I'm just thinking, 'You have to be kidding me the whole time.' :)
 
macattack said:
To be honest, I bought based on it tanking, combined with seeing all of the positive numbers such as a top IBD ranking. I did not put much effort into it, so I deserve what I get.
More...
And they say TA doesnt work.
I think it was Perer Lynch who said that if you want to catch a falling knife let it hit bottom and stop vibrating.
Nothing wrong really with the fundys. Hard to figure out why investors do what they do.
 
deaddog said:
And they say TA doesnt work.
I think it was Perer Lynch who said that if you want to catch a falling knife let it hit bottom and stop vibrating.
Nothing wrong really with the fundys. Hard to figure out why investors do what they do.
More...
Well it has stopped vibrating, so I have that part covered.
I'm sure it will go up like a rocket next week! :)
 
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