• Ocean Man
    BUY EVOL!!!
    11/11/11
    Reply (20)
    • Ocean Man: Holy crap! A micro cap that's making so much cash it's bursting! $73M market cap and $50M of cash! They decided they could pay out 40% of
      11/11/11
    • Ocean Man: the cash as a special dividend early next month as the cash will replace itself soon enough! A $2 dividend on a stock at $7!! That's 29%!!
      11/11/11
    • BTD70: Question: will there be significant sell-off after dividend achieved (ie are folks gonna jump in and out on this)?
      11/13/11
    • Ocean Man: I don't think so. Keep in mind that this was deemed a $7 stock before they announced the special div, so I see two scenarios:
      11/13/11
    • Ocean Man: 1) if it doesn't run-up pre-dividend, it will drop to $5 on the ex-div date. If all the metrics before said it should be worth $7, it should
      11/13/11
    • Ocean Man: climb back up near that $7 level. 2) more likely, I think it will run-up pre-div. It won't take too many dividend chasers to push up the
      11/13/11
    • Ocean Man: price on a tiny illiquid stock. I could see it going up to $8 or $8.25, then dropping back to $6 or $6.25 and rising a bit from there.
      11/13/11
    • Ocean Man: Both of those scenarios would net you a double-digit gain.
      11/13/11
    • BTD70: Thanks. Got in at open today. Maybe out pre-dividend date (12/12 if I understand correctly). Using this pick to learn charts.
      11/14/11
    • Ocean Man: Cool. Good luck. Might see some down moves w/ overall market, but should rally into those last couple days before ex-div.
      11/14/11
    • Ocean Man: They also have a $5M stock buyback program between May and Dec to support the price - that's 8% of the float, a huge buyback program.
      11/14/11
    • BTD70: Thanks. This and TVIX my only two positions right now. New and learning.
      11/14/11
    • Ocean Man: Those are my two largest positions too.
      11/14/11
    • BTD70: As small player, I appreciate the way the forthcoming dividend allows me to swallow bigger downswipes ie set stops farther back than usual.
      11/16/11
    • Ocean Man: It had a nice little bounce at the end of today while everything else was plummeting.
      11/16/11
    • BTD70: yup. did more research, this will play out OK. I'll probably be out pre-dividend just to keep things simple.
      11/17/11
    • BTD70: again today--market heading down, EVOL holding it's own.
      11/17/11
    • Ocean Man: EVOL & TVIX great today.
      11/17/11
    • BTD70: Umm....yeah. Guess that switch (TVIX-->DDM) was NOT the move. LOL. Live and learn.
      11/18/11
    • BTD70: Nice Friday also. The Little Engine that Could.
      11/19/11