Menta Capital Increases Stake in AMCC

[christopher]

"Menta Capital LLC boosted its stake in shares of Applied Micro Circuits Corp. by 28.6% during the first quarter."

www.wkrb13.com/markets/1514516/applied-micro-circuits-corp-amcc-position-increased-by-menta-capital-llc/

[Admin]

...and the price is slowly rising.

[christopher]

you are absolutely correct

but

this is all on low volume. At the present I do not see a large volume of investors coming into this trade.

we also continue to have a 9% short ownership percentage.

assume all are awaiting Q1 earnings to give reason to purchase shares.

and even then I remain rather skeptical on those who will be exiting the stock if a run up does take place.

ps:

nice to see we have a new addition to the Forum.

[Admin]

I noticed that too! It is good to see someone new who may contribute.

If it was a single day of low-volume gain, I would conclude that it is not a significant change, but I think a gain over time, even at low volume, is significant. The short interest is a concern, but it also means that if the share price rises we could get a short squeeze, pushing the price even higher, than if the short interest was close to zero.

I think the Q1 earnings will come in right on target, or slightly above. What I am looking for is for the Q2 guidance to approach that $44M mark to meet or exceed analyst estimates, and signal the beginning of the ramp.

Keep your fingers crossed Chris!