SHOStang Posted July 12, 2012 Report Share Posted July 12, 2012 Anybody have any clue why the stock has tanked further down to $.05? Usually it was hanging around $.25. But there seems to be no activity now. It seems with the new models being offered, there should be some sort of uptick or at least some news flashes for the shareholders. Link to comment Share on other sites More sharing options...
David Hawkins Posted July 12, 2012 Report Share Posted July 12, 2012 I always thought that if a Stock is below $5.00 a share, it is more of a Novelty item. Link to comment Share on other sites More sharing options...
SHOStang Posted July 12, 2012 Author Report Share Posted July 12, 2012 Then there are millions of novelty items traded everyday for profit and speculation. Just want to hear if there is any recent news besides Caroll's passing on this company. Link to comment Share on other sites More sharing options...
clark17357 Posted July 12, 2012 Report Share Posted July 12, 2012 As a long time share holder, I echo SHOStang's inquiry. Jim Link to comment Share on other sites More sharing options...
ilmor Posted July 12, 2012 Report Share Posted July 12, 2012 Anybody have any clue why the stock has tanked further down to $.05? Usually it was hanging around $.25. But there seems to be no activity now. It seems with the new models being offered, there should be some sort of uptick or at least some news flashes for the shareholders. When stocks are this cheap they can (and do) fluctuate wildly and often for no apparent reason. Link to comment Share on other sites More sharing options...
shelbypt Posted July 13, 2012 Report Share Posted July 13, 2012 Looks like someone sold a lot of stock on July 11th. Question is who? Someone from the inside???? Volume was higher than normal at 3500 and stock dropped 25 cents. Now may be a good time to buy a cheap stock. Link to comment Share on other sites More sharing options...
SHOStang Posted July 13, 2012 Author Report Share Posted July 13, 2012 I just received an email from Joe Conway (President), and this is what he assured me: Wes, CSBI is traded as you know through “Pink Sheets”. After its most successful back-to-back financial quarters in five years, the stock dropped 24 cents in one day. Why? The company does not control the trading of its stock. We only know that our balance sheet is healthier today than last year or the year before and our relationship with Ford remains stronger than ever. We can also tell you that that Mr. Shelby left a plan and TEAM in place to assure the best possible future for CSBI for years to come. Regards, Joe This is good enough for me, for now. But it gets scary when you see something you treasure (even as a novelty) get whacked. I had always planned on holding this stock for life and giving it to my son, but seeing it lose lots of money is like getting my Shelby hit and run, and that hole in your stomach feeling. (which did happen by the way) Link to comment Share on other sites More sharing options...
NordicShelby Posted July 13, 2012 Report Share Posted July 13, 2012 I bought a $1,000 worth of CSBI stock when it was .32 cents and I thought it was a great buy at the time........I guess every stock I ever bought has gone down quite a bit so I gave up on investing in the stock market. Link to comment Share on other sites More sharing options...
2010KonaBlueGT Posted July 13, 2012 Report Share Posted July 13, 2012 I just received an email from Joe Conway (President), and this is what he assured me: Wes, CSBI is traded as you know through “Pink Sheets”. After its most successful back-to-back financial quarters in five years, the stock dropped 24 cents in one day. Why? The company does not control the trading of its stock. We only know that our balance sheet is healthier today than last year or the year before and our relationship with Ford remains stronger than ever. We can also tell you that that Mr. Shelby left a plan and TEAM in place to assure the best possible future for CSBI for years to come. Regards, Joe This is good enough for me, for now. But it gets scary when you see something you treasure (even as a novelty) get whacked. I had always planned on holding this stock for life and giving it to my son, but seeing it lose lots of money is like getting my Shelby hit and run, and that hole in your stomach feeling. (which did happen by the way) I was going to ask if the financial reports recently came out, which could be a reason for a stock to drop (poor earnings). But Joe says in his reply, "the Balance Sheet (the primary document in a financial report) is healthier today than last year or the year before", indicating *earnings*. That doesn't mean the earnings were as strong as predicted so it could still be that the finacials came out and stocks dropped because of it. Or that prices reached a high water mark and people (investors) sold them (Buy low, SELL high). Phill Link to comment Share on other sites More sharing options...
twobjshelbys Posted July 13, 2012 Report Share Posted July 13, 2012 I bought a $1,000 worth of CSBI stock when it was .32 cents and I thought it was a great buy at the time........I guess every stock I ever bought has gone down quite a bit so I gave up on investing in the stock market. I bought a lot more than that (in $ amount) when it was about $1.00. It's not looking like will ever see that again. I'm thinking of getting the certificates printed and then selling them as art (like the company that does it). Link to comment Share on other sites More sharing options...
twobjshelbys Posted July 13, 2012 Report Share Posted July 13, 2012 By the way, this is most likely what happened. Someone wanted to sell, expecting .20-.25, and wanted to sell NOW. Probably liquidating an account. No buyers at .20 so it goes down and down and down until someone buys. That was .05. Selling sucks when there is a down market. Now if someone really wanted to BUY, chances are if you put in a .05 buy it'll not happen. Most likely it'll be back at .20-.25 on the next round (well, certainly above .05). Link to comment Share on other sites More sharing options...
2010KonaBlueGT Posted July 13, 2012 Report Share Posted July 13, 2012 I bought a lot more than that (in $ amount) when it was about $1.00. Ouch. Was that a all time high? And when was that? Initial offering? 95% of the value is a HUGE drop, regardless of price per share. Ouch again, Phill Link to comment Share on other sites More sharing options...
twobjshelbys Posted July 13, 2012 Report Share Posted July 13, 2012 Ouch. Was that a all time high? And when was that? Initial offering? 95% of the value is a HUGE drop, regardless of price per share. Ouch again, Phill Well, it's a long term capital loss Some time in 2008. Here's a chart. Looks like that was a blip. http://finance.yahoo...asic+Chart&t=my I don't know if the 04-05 time is Shelby or if it is the stock of the company that was acquired to become CSBI (you'll have to read the history to figure out what this means). I'm at the airport and need to shut down for boarding and don't have time to give the history lesson. Link to comment Share on other sites More sharing options...
David Hawkins Posted July 13, 2012 Report Share Posted July 13, 2012 I bought a lot more than that (in $ amount) when it was about $1.00. It's not looking like will ever see that again. I'm thinking of getting the certificates printed and then selling them as art (like the company that does it). Can you still get Certificates Printed? If you can, where will they come from? Link to comment Share on other sites More sharing options...
David Hawkins Posted July 13, 2012 Report Share Posted July 13, 2012 Can you still get Certificates Printed? If you can, where will they come from? Do they charge you to get Certificates? It might be worth buying the Stock to get the Certificates. Link to comment Share on other sites More sharing options...
John Guyer Posted July 13, 2012 Report Share Posted July 13, 2012 My friends at Schwab say the CSBI high was $1.20 and the low was $0.019 (last 5 years). What about AENG, another Shelby venture, some kind of mystery motor. Link to comment Share on other sites More sharing options...
2010KonaBlueGT Posted July 13, 2012 Report Share Posted July 13, 2012 My friends at Schwab say the CSBI high was $1.20 and the low was $0.019 (last 5 years). It's at $0.05 now so his low is a bit high. I'm not sure where he got his $1.20 figure from either because it shows a high of $1.00 at about Q1/2008. Prior to that it looks like it crossed the one dollar mark in about Q4/2004, when it plunged from a all time high of $5.50 per share on its opening. Phill Link to comment Share on other sites More sharing options...
JeffJ Posted July 13, 2012 Report Share Posted July 13, 2012 It's at $0.05 now so his low is a bit high. I'm not sure where he got his $1.20 figure from either because it shows a high of $1.00 at about Q1/2008. Prior to that it looks like it crossed the one dollar mark in about Q4/2004, when it plunged from a all time high of $5.50 per share on its opening. Phill You're mis reading his numbers. He said $.019, so 1.9 cents. The stock market is pretty much a joke right now with not much reasoning behind many peoples decisions or choices or corporate values. Look at today. JPM Chase did report huge revenue, but also showed huge problems with billion dollar trading mistakes, where Spitzer even states that they have huge management issues. So their stock goes up 6% today. Yea, that makes sense. Can you really believe the revenue numbers with the lies they have been caught in the past few years? Really? The company my father in law works for is making money hands over fists right now in silver and gold mining. New plants open with record production, huge proven reserves, historic mineral finds, production far above expectations. They operate on negative costs due to income from byproduct revenues. Yes, silver is down in price right now, but the income far exceeds the reduced silver prices. They are trading at half of what they were at the begining of the year. I have no money in the stock market right now. It is just a bunch of false games with no real direction. There are some huge problems in that world right now. Link to comment Share on other sites More sharing options...
raccol Posted July 13, 2012 Report Share Posted July 13, 2012 Could the family squabbles be contributing to the decline? Link to comment Share on other sites More sharing options...
Don Johnston Posted July 14, 2012 Report Share Posted July 14, 2012 Time to Stock up on very special wall paper at a very low price!! Gotta wonder what the initial investors/buyers are feeling after going in at over $5 a share in 2004 and, I beleive, a minimum purchase of 1000 shares at the time. Too many outstanding shares to consider the stock cetificates to be collectable, too. Link to comment Share on other sites More sharing options...
2010KonaBlueGT Posted July 14, 2012 Report Share Posted July 14, 2012 You're mis reading his numbers. He said $.019, so 1.9 cents. EEESH! That's scary. Just under 2 cents per share. That's real close to being worthless! And my bad, I did read his post wrong. I'd be SICK! Phill Link to comment Share on other sites More sharing options...
ChicagoChris Posted July 18, 2012 Report Share Posted July 18, 2012 Years ago I bought 427 shares (at $.16 a share) and had the certificate printed given I owned a CSX 427 Cobra as the time. The Cobra is gone and I doubt the stock will ever have any ROI. Just another neat piece of garage art. Link to comment Share on other sites More sharing options...
05mustangman Posted July 19, 2012 Report Share Posted July 19, 2012 Anybody know if Shelby sells stock directly from the company like you can with some companies? That way you could gets the stocks right from Shelby rather than having to use a broker. Link to comment Share on other sites More sharing options...
twobjshelbys Posted July 19, 2012 Report Share Posted July 19, 2012 Anybody know if Shelby sells stock directly from the company like you can with some companies? That way you could gets the stocks right from Shelby rather than having to use a broker. No. You have to buy from a broker. Link to comment Share on other sites More sharing options...
Roush GR40 Posted July 20, 2012 Report Share Posted July 20, 2012 FYI I just bought 5,000 shares @ $.05/shares through eTrade....now I am a part owner of CSBI :happy feet: Actually, I was surpised the buy order went through...althought the stock price was down to $.05, yesterday the asking price was still $.29....go figure. Link to comment Share on other sites More sharing options...
Shelbyville Posted July 20, 2012 Report Share Posted July 20, 2012 How many shares issued total? Link to comment Share on other sites More sharing options...
Roush GR40 Posted July 20, 2012 Report Share Posted July 20, 2012 5,700 for the day (average day is only 2,556). eTrade does not display total number of issues or Market Cap. Link to comment Share on other sites More sharing options...
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