PPS is revenue driven evident by todays jump up th
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Posted On: 01/08/2018 2:48:33 PM
PPS is revenue driven evident by todays jump up then retreat back down to earlier trading range after news that NTEK intends to reduce O/S by 56% during 2018. When that begins to happen then earnings per share greatly increases which will move pps up corresponding amount. Until we know what are current revenue is and expected revenue increases from operations will be then current pps is what it is.
It does make me wonder why so many shares are being sold at these levels with pending SHM ten days away. Lots of buyers should drive pps up except someone(s) is providing shares to keep bids from increasing. Who may be selling? Shorts? They should be covering!
It does make me wonder why so many shares are being sold at these levels with pending SHM ten days away. Lots of buyers should drive pps up except someone(s) is providing shares to keep bids from increasing. Who may be selling? Shorts? They should be covering!
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