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Like Schneid said, I don't see a $100M Rev year anytime soon without new products, but it would only take a 40M year to get Virtra to 1.00 IMO. That assumes a net profit of 25% and a PE around 15+. 40M in Revs would be a lot easier to achieve, but would still equate to 100+ simulators.
Virtra's profit margins are much higher on the support business, particularly S/W and scenario upgrades. Once they can get several sim units across the globe that will put in to place very lucrative long-term money flow. GLTA!
PS: if it does take out 7.76, then we go to 8+. GLTA!
I think we pull back a bit tomorrow. It didn't have the strength today to stay above resistance at 7.76. I think the 50 day ma (7.54) is back in play, and possibly a retest of 7.45. IMO, the market is due for a slight breather and big money will try and drive BAC down for another cycle.
I'm right there with you. May pull back a bit tomorrow. Would love to see it hold 17. GLTY!
Berettea was considerably more than 60-80K for two firing lanes in buses; they also have a 300, a 180 and 5 lanes at the Las Vegas facility.
LVS showing more strength than it should be with all the negative PR. It may be a bear trap. Use caution. I'm holding off on puts to see how it handles the rest of the day.
Now we are starting to fire on all cylinders. Virtra following through with what they say and the startegy is getting clearer. IMO, we may leave the .06s behind us today. GLTA!
IMO BAC is linked to the markets which may have some more room to run. Look at the DOW which has been trading in an up channel since beginning of June. I believe 13,000 will be a critical support level (psychologically and technically) near-term. The VIX should test the 14 level before turning and the S&P 500 is trading like the DOW with strong support building at 1360 and 1375.
In short, I think the markets go higher which will hopefully let BAC get through strong resistance at 7.43. Then it can go after 7.76 resistance, which is considerably weaker. GLTY!
Crowbar,
Any profit is a good profit. I sell early most of the time, but have learned to appreciate the positive trade versus being frustrated with the missed opportunity. With this market, new opportunities present themselves frequently GLTU!
Thanks cjames,
I'm far from amazing, but appreciate the compliment. Maturity and many hard lessons learned has helped me to see clearer when it comes to this game we play. GLTU!
PS: IMO, your money is safe with BAC. Patience will prevail. At least I hope so, for both of our sakes
Thanks JJ8,
I've tried many strategies over 2-3 decades (pure F/A and long hold, pure T/A with high frequency trading, day trading, etc.) and have found the current strategy to be the best. It has given me consistent positive returns for several years, lets me sleep at night and I don't have to watch the market every hour of every day. As I've gotten longer in the tooth, I've gotten smarter with my strategy GLTU!
August option expiration (17Aug12) has max pain at $17. IMO we will see 17+ before earnings release (15Aug12). If it happens, that is a 4%+ gain in the common and lot more if you are holding calls. GLTA!
With this weekend’s breaking news, I think your projection ("little more downside") is money in the bank. I rarely short a stock, but LVS finds a way to stay up close to 38 on Monday's open, I intend to buy puts. With the technical weakness since April, deteriorating fundamentals and now this politically directed investigation, I'm looking for LVS to trade down to the 26-30 range near-term. Will consider going long in the upper 20s if the negative news subsides. GLTA!
Bingo! Either ring the register or cross your fingers
Trying to take out that 50 day MA (16.43) today. If we can get through that with a little strength and the market holds up, then IMO we could see a run to the 18.20 to 18.30 level ahead of earnings. GLTA!
Good post JJ8,
I use a combination of F/A and T/A. I use F/A to build the list of stocks I'm interested in owning and/or trading, then use T/A for entry and exit points. The T/A is far from perfect but my tolerence to hold a loosing position is high since the trade was based on F/A. I don't cut and run too often unless the market or other world events go against me.
I sold 1/3 of my current BAC trading position an hour or so ago when it made a run to the 50 day MA. If it makes another run today and fails, I will likely sell another 1/3 or all of that position. I continue to build a long term commmon position between 7.15 and 6.90, while I trade the leap calls. I rarely trade short.
Back in the Black again. This is turning in to a yo-yo.
Maybe today we get back above 16. Chart still looks like it wants to break out. GLTA!
I think you might have pulled the trigger a little early. Yesterday was a buy day. Technicals have been pointing at buy between 6.90 and 7.15 for weeks.
I think now BAC does another up cycle; and on one of these up cycles (sooner rather than later IMO) it will keep on going up. There is a good chance BAC takes out the 200 day ma today or Monday. GLTY!
Today could be good day. I'm looking for 16.40+. GLTA!
I'm also in with Jan14 15 and 18 calls. Bought the 15s just above 15 and already up about 35%. I will be a happy camper when we get this stock back to the 19+ range.
Remembered the post after I went back and reviewed. Glad to you confirming that you are still in the wings. Looking more and more like Virtra is coming through with what they said. Wishing us all some luck this go around.
Excellant!
PS: It must have been an old brain cell firing on Baretta. I'm old enough to have enjoyed that show as a teen
Thanks Bill,
I've been missing you. You've been so quiet. Hope all is well.
Weeble,
I remember seeing that, but we never had visibility on a Baretta purchase. The Virtra equipment was installed at the Las Vegas facility.
Nice find. Knew there was something brewing with Baretta and now we know. I anticipate we will see a similar deal with SW in the not too distant future.
SA is pretty good contrarian indicator, that probably means it is time to buy.
Back in the Black. Time to celebrate GLTA!
Anyone recall what the MG agreement was for the buy no lower than price; Was it .075?
At 7.40 the common gain is 3.2% gain for the day, not shabby; but the calls are the real deal. My Jan14 leaps are up 5.4% at 7.30. At 7.40 it will be about 11%. "Big move" or not is all relative to the game your playing. GLTY!
Change the spin on the article and title could be "Cisco Bails on Sinking Ship!" versus "Cisco: Missing The Boat On Network Virtualization?"
Spin doctors
Agree on the creeping bid, but I don't think we will see the vol until we get well above .07.
$7.40 very possible today. GLTA!
atomicdogs,
I do you use puts for insurance on occasion. I almost got back in to SWHC today. Had a buy order in for 9.01, and wish (after today's action) I had that buy order about 17 cents higher. GLTY!
Teeroy,
I agree. There will definitely be some dirt in the audit, and then they will start rebuilding credibility, hopefully with some new and promising opportunities. GLTY!
VIX took out 16 today, which was my target. It's likely the VIX starts heading back up with a faling market near term.
I don't think you see 6.90 today, but a close below the 200 dma today, definately puts it back in play. GLTY!
Only good thing the last couple of days is that BAC filled that pesky gap at 7.14. I bought some more $7 Jan14 leaps just above the low today, but I'm watching the Levant and Middle East right now more than the market. I got that feeling we are days to weeks from war. A market dump and very cheap BAC shares may be closer than many think.
The banks shouldn't have gotten slaughtered the last couple of days and the market shouldn't be up like it is. IMO, a lot of manipulation going on. I took all my short term trades to cash today. Only holding 4 stocks that are either LT positions or still in the building stages. BAC is still in the building stage. GLTA and keep an eye on Syria internals and Israel response to Iran. We may see a great buying opportunity soon.
Saw it also. Got some gaming going on. One of the .051 bids was mine