Comtech Telecommunications Corp. CMTL

$CMTL this will not break 3.5 .. it will break 5.00

They sure do, large trades Fridays and today. No doubt they have more resources than all of us together and they are buying!

Someone bought 2,875,150 shares at ask $3.03 at close, followed by decent size buys of 269,401; 21,364; 29,231; and 134,784 all at 3.03. Someone really loaded up! Any some more trades keep on coming in after close. None at the bid!!!

I think this Russell 3000 recon is creating havoc and well not see any major upside until recon day passes.

I placed GTC orders for my 25K shares for $20 to help make available shares harder to borrow as my shares are unavailable this way.

I don’t understand how Jefferies doesn’t lose credibility on the newswire announcing an ‘upgrade’ to CMTL with a price target of $3.50 which is basically ‘doable’ within a trading day.
I also read a lot on companies being moved out of Russell’s 3000 list, each year this rebalancing takes effect. Analysts recommend caution during this last week of reconstitution as although it may point out to funds based on Russell will sell on ‘recon’ day, some don’t wait until the last minute to sell their positions. For what we know, they may have already disposed of their position. We’ll see. As for my investment here, I will not even consider selling a portion of my position until this starts hitting double digits. The refinancing deal includes ‘convertibles’ priced in at $8.00, if they convert at $8.00 there is no money realization, it would be a wash. If they priced at $8.00 it means they see great potential to get up up into double digit territory, at which point then it would be worth to take advantage of the conversion.

Once again during this Noble presentation, Bond just cited again the $540M Army contract is live again!!!

Mr Gekko, what do you say now?

Remember the pending news about the Army contract being reconfirmed to Comtech again. This should make it out imminently. It was part of their conference call (company received news last Thursday the work order was turned on again for Comtech). $540M that will be finally added to their current backlog.

Here is the question from Noble’s analyst in reference to the $540M contract protest status: