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Resonant OMIB +3

09:45 17-Aug-17


Yesterday Resonant reported open market insider buys for Director John Major.  The 20,000 shares were purchased over the course of Monday and Tuesday, at an average price of $4.36.

A subscriber was asking about weakness in RESN pricing, and these were my thoughts as we move toward September and the fall:

I'm not completely surprised about it.  The market has been pretty consistently short-sighted and I can even understand some reasons for that.  Although the future looks bright for Resonant, it looks like that may become clearest with the fourth quarter call rather than the next one.  Furthermore, one always has to take management commentary with some salt.  When you put all that together, it's a fair guess that the best entry point over the coming months will be a function of unpredictable RESN price fluctuation.  That requires patience, and staggered buying can sometimes be a good approach to such situations, though inefficiency in one's commission structure might be an argument against a staggered approach and more towards simple patience.