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I am not the person to sell this company to others - I had some cash to spend and was looking through my watch list and found nothing better... So this is where I parked it.
Now that I bought - watch this reverse split on me and shrink!
I have had this feeling that a reverse split was coming and that would be the time to move in and grab the cheeepies.
This stock cost me lots of money... I think it might be ripe to pay me back some.
Don't ask me why - or what I was thinking... but I bought back into this dog. I just have a feeling something positive is on the way.
Old article but it more or less explains my thinking
http://seekingalpha.com/article/920151-is-alanco-s-revival-setting-up-an-energy-service-recovery-play
My biggest holding is now EXPU...
Sick part is I am really thinking of dumping some of my mainstays and moving more into this. The business model makes sense to me and the research I have done on Alf suggests someone competent to move us in the right direction.
The Cramer part of me says to profit take but the pig part of me believes this has room to move - lots of room. I like just about everything I see...
Oink Oink!
Anyone got the line on what's happening with happening?
Pretty quiet considering what I am seeing...
I appreciate the vote of confidence to lead this aimless company. Maybe one of these days I will offer up a lunch and fly down and chat. My guess is that my invitation will fall on deaf ears.
Raising capital with the intention of producing from the investment is one thing - I / like you / think the leadership is more concerned about their own income rather than that of the company. Sometimes you have to eat noodles to put back into what you believe in. I don't think RR has what it takes to be a winner. At one point I believed he was well positioned but now I think its more a component of his failings. I don't see his vision - I don't trust him... and I sold almost everything I had put into this at a loss. I have been lucky on other stocks and hoped to get lucky here. The only way I am making money on this one is for a change at the top.
My post was intended to be comical but I honestly believe the company could be better run by myself or a number of other people. I think I have people that work for me that could do a better job. There is so much opportunity - you just have to be bold enough to adapt to a new environment.
If presented with the opportunity - I would fly out myself and let RR take a back seat for a month and learn how to make money.
In response to the idea that someone from a message board would be better able to run the company - I would say the answer is yes. I run a company that actually makes a profit and employs more people - and would be valued at much more than what EXPU is. At this point - I would hope that he is looking everywhere for advice...
That is everywhere except from his a)wife b)himself and c)fortune cookie. As poorly as they have dealt with the changing economy - looking for advice from everyone is better than imploding. I am fairly disappointed in his lack of leadership. I honestly feel I could do a better job... I run a real estate appraisal / brokerage company / development. This company is having a great year moving into more appraisal work to take advantage of all the refi's. We adapted just fine. EXPU has not. Give me this company for a month and it would be on the road to profitability.
I ended up getting .0004s...but not much. There was no action at .0003.
What .0003s....? Waiting patiently...
SUPPORT....!! I have had bids in at .0003 for most of the day and have had nothing... This stock is a dog ... someone sell already.
I have done pretty well so far :)
Appreciate the input from everyone here -
IMO this stock has been relatively easy to track...until now. This is reallty first time I really don't have a clue where its going. Certainly much will be learned from the conferenc call but I was hoping to jump the call with either buying or selling based on what I felt would be said... and I haven't a clue where that call will go.
As most do - I have stocks that I keep as my core holdings along with some real estate. My real estate consists of three rental properties and represents about 1/2 my net worth. About 1/8 of my networth is in cash and 3/8 in stocks.
Of the stocks - Berkshire, Microsoft, several mutual funds, and Loop used to make up about 95% of that 3/8.
The last time I sold BRAV at .005 as I felt that it hit its peak and that stock was simply becoming too big of a component - big believer in disciplined investing. I sold because I wanted to keep that mix and not let a penny play too big a role in my portfolio.
Now - I am at the exact same place again. BRAV is the 2nd largest holding in my stocks (Berk is #1 - Everyone that lives in Omaha must have Berk as its largest holding - its practically a law). The rest of my stocks have mostly done squat...
I feel like I must sell to stick with my overall plan but I don't have the same feeling of impending doom like I did last time BRAV hit .005.
Just wanted to throw my situation out there - I really feel like I should sell but something is keeping me from it this time. I don't really know what it is... Every tool I use tells me I should but maybe its the pig in me - I don't think its done.
You forgot the torn jeans...
I will add to the chorus -
MODS UPDATE
I am focusing on the one bright part of my portfolio today... the rest of it is dismal.
It is very tempting to sell some of my blue chip stocks (Microsoft, Berkshire...) and move further into BRAV... I have made all the money I am going to make on other stocks like LVLT and LOOP... BRAV has already shown it can move much higher - it has momentum - solid product - and the potential to jump.
If they meet expectations next quarter - its on.
Saw TAKI come back to the board - didn't even need to read the message - I just bought. Glad I did :)
had no support yesterday - and none today...
Waiting patiently for a chance at another run...
Sell this dog!!!
(someone support my bids....)
The very reason I quit playing the pinks several years ago is happening again with BRAV. I like the product but don't trust the leadership.
I made my money on this stock - the first pink I have made any real money on in a very long time. I am good with selling what little I kept...
Although - this TAKI challenge intrigues me enough to actually buy some more... If DA has half a brain he will take the threat seriously. He needs all the support he can find to maintain any reasonable value for his company. Without buzz - this stock falls apart.
Because no one trusts DA - they feel he will be funding operations with dilution. There is nothing particularly special about him...and when we see signs of dilution - they cut and run.
My take on it is this - most people are probably like me.
I took my profits at .0049 and kept about 1/3 of my original position. I have a feeling that there will come another buying opportunity in the .002+- area soon enough... Until that time I see no reason to sell at these levels. They have a good product, sufficient capital to continue operations, and a leader that is hopefully learning as he goes along.
The only thing I really don't like about this stock is DA... He is simply not the smartest guy in the room even when he is alone. I am attracted to his passion - not his intellect. Over the years I have found intelligence often takes a back seat to passion - I hope that is the case with BRAV.
From here - I am long in BRAV. It made me money and I want to see how it plays out.
IMO - if you sell now - you should probably stop following this stock altogether. The school season is starting - women will have more time to go to the gym and want to look good - my speculation is that the next quarter will see increased sales just for seasonal reasons...
He called you a tea bagger?
I wish I would have been on for that... Although I am far from a TEA Party member - how can anyone be ok with the current taxes on business? I guess its much easier when your company isn't making any money... My company is worth about $1M and every year I am forced to pay out everything I make in the form of bonuses and salary as to avoid paying 35% taxes. Am I a Tea Bagger for thinking that I am taxed enough already?
I work in real estate - have an appraisal company that has done fairly well. I buy and sell real estate - buy and sell stocks - and have made WAY more money sitting on gold under my bed right next to my guns. He hasn't accomplished anything yet - how can he start name calling?
Tell you what Danny - pay your first corporate taxes before you name call. I look forward to the day that you step out of your glass house.
What happened today - ? I was busy making money today to pay attention - only to come back and find out I lost more on LVLT today than I made working...
Given the level of profit taking and Q2 report looming - I don't see BRAV making any real sustained moves in the next two days. Many people like me took their profits thinking everyone else would do the same thing eventually.
Penny stocks are not for the casual investor. I don't believe CNBC is the best place for a show on penny stocks. I would love to see them do a show on small start up companies - like Bravada - and compare them to companies like LULU - without discussing stock ownership. I speak from having lost tens of thousands of dollars playing penny stocks. I should write a case study on the stupid stuff I bought - what I was looking at when I bought it - and what I learned. Penny stocks should really be reserved for those with very high risk tolerance and not for the general public.
Building an app like that would be relatively easy. Only difficult part is incorporating sales data with existing software. Hard to do those things in real time - much easier in batch.
Cramer has said countless times that he will not discuss stocks <$2.00. There is absolutely no chance he will discuss any pinky. This was tried with LVLT forever! He refused to even mention it until it made its way above $2.00/share.
In fairness to TAKI - and to those in the real estate game - residential buying tends to occur during the summer months...even in Florida. This is an extremely seasonal business. We really won't have a clue how things are going until after the buying season nears completion.
My wife was also glad - she loves Bravada.
I have friends in Florida and have seen this company. I was interested to find out that it is a penny stock.
Florida real estate is in real trouble - even compared to the rest of America. Most of my friends (I am a commercial appraiser / developer by trade - as are my friends) tell me that the market is 10-20 years before absorption meets market. With what I know about Florida real estate - this price doesn't surprise me too much - but it sure sounds undervalued based on my quick DD. Look forward to seeing how this one turns out.
In .0015
finally...
Should be a fun ride.
followed you into BRAV and came out on top - Trying to get into this one but no action at .0015...
My wife won't buy Prada because she is from Lithuania - sounds too much like Pravda :)
More to the point - I think we will be seeing many sellers like me looking to recoup initial investments now given the opportunity. Really what better news could come out at this point? I certainly see this stock performing better but many of the obstacles in place are still very real. I think the positive to take from this is that many of the profit takers will be out this week.
My number was .0050 - once it hit that I felt like I needed to sell. I had averaged down at .0022 and had that target price set. Once I hit that price I almost passed on selling but remember what happened last time I was a pig.
Had to take some profit off the table. I bet most people selling are like me - believe in the product and in the sector but can't miss a chance to get back their initial investment.
Honestly I am less a fan of the company than I am the product. Now that I sold some - the wife is free again to buy another coach purse and some more Bravada...
Not out of money - just have no faith in the leadership. I have been doing much better on other stocks. I remember why I left the pinks in the stink years ago. I think I learned my lesson again - never waste money on these companies with unproven uneducated leaders.
#1 It's Fremont Nebraska
#2 What do you have against Fremont?
What did I miss - why all this talk of a RS? Why is this coming up now?
1) I believe it was the great Ayn Rand that said you can't prove a negative. Why would I need to prove that he didn't receive a degree? Typically people report they attended ___ university and received a BS in ___ and a masters in ___. They don't say that they attended for three years.
2) An English degree? I don't really care that much about his education so much as his ability to perform. The English education in no way prepares you for the demands of running a start up. I have been part of a company started from the ground up - I learned more in the first three months than I had received in 18+ years of schooling.
3) Retailers don't need to be special people - people running start up retailers need to be extraordinary. It takes someone with special talents to turn something like this into a winner. Maybe 1 in 1,000 people have what it takes to be that kind of person.