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Haven’t followed DYNT for a long time but here is another reverse split coming for anyone still holding ENG:
HOUSTON, TX / ACCESSWIRE / July 3, 2023 / ENGlobal Corporation’s (NASDAQ:ENG) 2023 annual shareholders’ meeting was held on June 29, 2023 in Houston.
“Approximately 62% of ENGlobal’s total common stock outstanding was represented at the meeting, either in person or by proxy. Of those shares, at least 95% were cast in favor of the election of William A. Coskey, P.E., Lloyd G. Kirchner, Christopher D. Sorrells, Kevin M. Palma, and Margaret K. Lassarat to a one-year term on our Board of Directors and approximately 99% were cast in favor of the ratification of the appointment of Moss Adams for the fiscal year 2023. Our proposals to amend our Restated Articles of Incorporation to effect, at the discretion of our Board, a reverse split of our common stock and to address an error and confirm the authority of the Board to issue “blank check” preferred stock received affirmative votes from a majority of the outstanding shares of common stock.”
That from a report on the company’s recent yearly meeting. I gave up on ENG in the late 90s and started collecting shares below $1 and selling when the pumping and price got out of hand. I have been in and out of it six times with careful following it after double. I will wait for the dust to settle after the split and start following it again. I do not hold this in my Bowser portfolio but keep it in my gambling portfolio (if it goes to zero I couldn’t care less).
in reply to: Series I Bonds #18178in reply to: Regarding Rising Price of Stock of the Month #17058FYI
Friday, 10 September 2021, at 5:00 PM EST I saw the new stock of the month put out by the report and went to the instant quotes on TD Ameritrade and looked at the price action for the day. At about 2:00 PM EST the price had been fairly steady at $2.62 until about 2:30 (please don’t hold me to exact prices and times because it is only a general outline and I have to squint at the screen to see the tiny type) when the stock price started rising until it reached after hours trading at $2.72. I put in a buy order for $2.65 per share with a Good Till Cancel Extended Hours meaning the order was to stay active until I cancelled it and the order was good for extended trading period before market opening and after market closing.
This morning the trade went through for $2.65 and has been as low as $2.63 (again I do not have all the markets on my screen so forgive me if I am off a penny or two). But the point is sometimes the tortoise wins and often times this tortoise wins.
So the update is in the last two years I have been able to add all the monthly bowser picks except OSS (still have a Good Till Cancelled order in on it), sometimes in extended trading period, sometimes within the next open trading session and sometimes MONTHS after the pick but patience is needed with my plan to try and buy all the new Bowser recommendations.
in reply to: Regarding Rising Price of Stock of the Month #16994Quick update on my recent purchases:
As of this reply the only recommendation I have not been able to purchase is the OSS recommendation (it took off that Friday under $3 and has not been back to even close to $3, but I am hopeful.
In July picked up KTEL at .60 per share (it closed and dropped over night to below my .66 buy order, lucky me), in August picked up PRKA at .77 per share and was extremely lucky to pick up CHTR in after hour trading this month at $2.70 per share on the Friday of recommendation.
I know that had I put a lower entry price on KTEL and PRKA I probably could have had them cheaper but then I would have to be watching them like a hawk to get it. This way (my way) eventually they seem to settle down within 90 days and I am able to get them.
The trick is to have patience, I am not looking to get rich instantly but putting profits back into buying new picks has grown my (play-not afraid to lose) portfolio way into the green. Sometime in the near future I will tell you about my venture with KOSS recently.
FYI I currently have 38 company of the months in my portfolio and should start trimming those that have been taken out of print or into the data base.
in reply to: Regarding Rising Price of Stock of the Month #16911Just as a follow up to my original post: On Friday July 9th KTEL hit my target of $0.60 on a GTC order and as of now only have OSS and the new pick PRKA on my list to purchase. I set .77 as the price to purchase under a GTC (Good Till Cancelled) order, so will will see what will happen and when.
in reply to: UNBELIEVABLE #16587Faris, last post on this subject. Tell you what, the next time I am in the area I will buy you lunch at a restaurant of your choice if any one of the brokers or big boys is prosecuted over this. If it does not happen you can buy me lunch at a White Castle.
Sorry I am just too cynical to believe anyone near K street or a suburb around DC or Wall Street are prosecuted but I do see some little Joe being ruined and bankrupted by the system. Have you seen anyone with connections held accountable in the last twenty years even though they were caught RED handed, beyond a little guy they can crush?
in reply to: UNBELIEVABLE #16572First post was reply to Lee Bremmen’s post #16565and second post reply to bass3 post #16568
in reply to: UNBELIEVABLE #16571You are correct the short squeeze was started by the big boys with their brokerages which lowered the price of the stocks so they could buy their shares cheaper on 28 January (options day). Robin Hood which built its business model on the “little guy” idea is mainly composed of 30 somethings, laid off, part time work people with nothing to do but day trade on margin. Yes, there are millionaires there but not in the numbers at the big(ger) brokers. The number of shares traded in KOSS jumped in one day from 3 million to 27 million shares traded.
in reply to: UNBELIEVABLE #16570According to the SEC what happened was that the brokerages could not keep up with the volume of transactions since most were done on margin and required the brokerage to come up with more dollars to cover the number of shares requested and therefore could not trade in the stocks and Robin Hood had a liquidity problem. It was a volume issue. What I would like to see explained why were the only orders for these stocks being taken were SELL orders (my broker TD Ameritrade allowed sell orders but not buy orders) which in essence favored/helped the shorts because it dropped the price from a premarket selling price of $150 to an opening price of about/around $42.
INMHO what will happen now is that the SEC is going to come up regulations freezing us small people out from this beating the big boys pants off. Twitter has already banned the Redditt group twitter where instant updates and information was given out due to violations of their terms of use.
in reply to: UNBELIEVABLE #16564Well we have seen which side the Brokers are on: You could only sell shares of KOSS today not buy them which lowered the price from pre market high of about 150 to close about 39. Expect to see much turbulence in the next few days the Reddit deplorables are really upset and are filing lawsuits against the brokers and punishing them by moving accounts.
in reply to: ENG and CLNE #16479Be careful on ENG, it has often been used in the past to pump and dump. I too have doubled, sold half and then sold the other half. I am now waiting for the exuberance to calm down and leave me an opportunity to buy back in at what I calculate to be fair value, in the mean time will look to sell off my earlier shares if it regains its momentum upward. ENG for the past twenty years has always been a company that appeared to have it all but always seems to disappoint and right now with everybody buying and shorting on Robin Hood without doing due diligence is distorting the market. Mystifying how it goes up without news?
Alaska Comm received another even higher offer and IMHO will receive others even higher.
I take it your question is: Should I repurchase CLNE? If you follow/followed the game plan you would have sold when the stock hit below $8 and would have been out. IMO once a Bowser stock has been sold after the 25% drop I do due diligence on the stock as if it is brand new stock to me to determine if it is worthy to (re)invest in because it is over $3 per share and no longer in the Bowser plan.
This happened to me with ENG this past ten days and I looked at it as a brand new stock and determined that it didn’t meet my criteria to invest in outside of the Bowser plan. So that being said, I would advise you to review CLNE and determine if it fits your investing plan outside of Bowser.
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