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Posted On: 03/08/2019 1:26:47 PM
Post# of 82686
CyberC might I call your attention to this:
According to historical prices on Yahoo! Finance, despite the fact that DSS stock has given back some of those gains, the stock is currently trading at $1.31 which is higher than its close of $1.04 on the day prior to the ACS master distributer agreement contract. Specfically, this is 25.96% higher.
Now we must ask ourselves, who buys these shares and how many are outstanding? Also according to Yahoo! Finance there are 35.82 million shares in the float. On March 5th when the announcement was made, 25,515,800 traded hands during the day.
Now let's consider this also:
https://finance.yahoo.com/quote/DSS/holders?p=DSS
15 different Institutions own 4.75% of the float and 28.64% of shares are owned by insiders. The following is the top instutional holder:
Renaissance Technologies, LLC 224,530 Dec 30, 2018 1.34% 164,490
Now on a day like March 5th, one must know that the institutions did notice and roughly 1.5 million shares prior to that day were owned by institutions because the date of their holdings reported was December 30, 2018. In my view there is a chance some of them may have increased their holdings on March 5th.
It is also owned by mutual funds and here is the top holder of DSS stock:
Vanguard Extended Market Index Fund 111,407 Sep 29, 2018 0.66% 118,091
There is no doubt in my mind that the fund managers know what is going on here because an increase of that much on a day like that does not go unnoticed. The sustained increase of 25.96% through today tells me that the market has assigned an estimated value of $9.45 million to this announcement. This was calculated as the .27 increase multiplied by the 35 million share float.
Hmm, what should that tell us about SFOR's stock value?
According to historical prices on Yahoo! Finance, despite the fact that DSS stock has given back some of those gains, the stock is currently trading at $1.31 which is higher than its close of $1.04 on the day prior to the ACS master distributer agreement contract. Specfically, this is 25.96% higher.
Now we must ask ourselves, who buys these shares and how many are outstanding? Also according to Yahoo! Finance there are 35.82 million shares in the float. On March 5th when the announcement was made, 25,515,800 traded hands during the day.
Now let's consider this also:
https://finance.yahoo.com/quote/DSS/holders?p=DSS
15 different Institutions own 4.75% of the float and 28.64% of shares are owned by insiders. The following is the top instutional holder:
Renaissance Technologies, LLC 224,530 Dec 30, 2018 1.34% 164,490
Now on a day like March 5th, one must know that the institutions did notice and roughly 1.5 million shares prior to that day were owned by institutions because the date of their holdings reported was December 30, 2018. In my view there is a chance some of them may have increased their holdings on March 5th.
It is also owned by mutual funds and here is the top holder of DSS stock:
Vanguard Extended Market Index Fund 111,407 Sep 29, 2018 0.66% 118,091
There is no doubt in my mind that the fund managers know what is going on here because an increase of that much on a day like that does not go unnoticed. The sustained increase of 25.96% through today tells me that the market has assigned an estimated value of $9.45 million to this announcement. This was calculated as the .27 increase multiplied by the 35 million share float.
Hmm, what should that tell us about SFOR's stock value?
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My comments are only my opinion and are not to be used for investment advice. Please conduct your own due diligence before choosing to buy or sell any investment.
