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Yesterday at lunch time....
The PPS on the CDN side had gotten up to around $1.90 then it dropped back to $1.70....and we all know how yesterday ended, over $2 on the TMX meaning that drop to $1.70 or so was a huge buying opportunity.....we'll see if the same thing happens again.
Totally fair
Good luck, but not too much
An incredibly reasonable reply NJM....
Damn...so much for some spirited banter and sword play I've said my piece and will leave this board to the bulls for now. As you know though, I do have a position and a stake based on my bearish view...but I'll hold my digital tongue so long as VUZI is trading over $8.....
If it drops back to the $7s or lower please forgive me for showing up to celebrate and gloat a bit.
Its been in beast mode since the 9th....
Stochs are showing 100....as overbought as you can get, and it keeps moving higher. The fact that its moving on no news and without any promotion or hype....I'm suspecting (hoping) that the buy side interest is by parties who know something good (and very big) is coming...
But there are always risks....manipulation happens both ways, up and down
He sounded like a 20 yr old comedian to me....
Ya gonna love it, gonna be big...he's a decent enough pitchman, but ultimately a company has to make money....revenue is great, but at some point it has to surpass expenses....unless of course you can just keep selling shares, reverse splitting and then rinsing and repeating.
I am listening to it...sounds good
They must have made a killing supplying the military....that's like a license to print money from what I understand, so many stories about a screw costing $500....
Just waiting to hear about the financial state....
Grossly undervalued?
This is a blog post I did Aug 16th when RVX was trading around $1.20 CDN on the TSX.
http://www.avoidthebag.com/2016/08/resverlogix-grossly-undervalued-in-my.html
88,400 traded in Canada....
That's the most shares trading in a single day for the past 3 months I believe....still incredibly light, but that may suggest that RVX is very tightly held.
Stocks that are getting pumped and promoted....
Usually aren't bear traps...but we shall see. Good luck. I'm sure you're already aware of all the outfits hyping VUZI and how they're being paid, its right there in the filings.
Bubbles are bubbles....
Everyone storms in thinking "this is different"....US housing in 2006, tech stocks in the 90s, 3D printers in 2013.....
We're all gonna be rich!!! Then the bottom falls out. That's what I think will happen here, but of course I could be wrong.....
Its just that when I see toutsheets and paid promotion like ceolive and microcapdaily hyping a stock to anyone with a pulse and a trading account...If a stock is such a bargain why not load up instead of trying to find buyers?
I've seen so much hot tech over the years....
Big billion dollar projections for things like the internet fridge, internet grocery ordering with home delivery...the virtual keyboard was really cool 10 years back.
Maybe this space will live up to the hype, maybe not....I was supposed to own a digital printer by now.
How many people here own a pair of these glasses?
Even if they aren't Vuzix's? I know there are predictions for the next 4 or 5 years that are explosive...I'm just wondering what the actual market is right now....
Thanks NJM but I'll pass....
I think its gonna back up a lot more still like NBEV did....but we shall see. BTW I posted the little jab comment you made on my blog...even though we have differing opinions I enjoy your banter...you're a sharp cookie.
LoL...surprisingly its hot
I'm in southeastern Ontario, and we're further south than States like Montana, Wyoming, North Dakota, Minnesota etc....still getting 90 F+ with humidity....sweated my proverbials off yesterday on the links.
Was at a golf tourney all day....
Just got back and checking my stocks....solid move for VUZI on good volume. Was there anything driving it? Just checking now...
A winning day for longs....congrats
If it makes a new 52 wk high I might have to reconsider my position.
Cheers.
LoL....
That's a good one, I may use it myself sometime....cheers and good luck
Meh...
Pump it up all ya want.....to dah moon.
I didn't know much about NBEV either....
Just enough to form the opinion that at $2 it was bloated...same opinion I have with VUZI at $9
11 Great Stocks To Play The Coming VR/AR Boom
Forbes....pffft what do they know. Check out one of those promotional outfits that companies pay so they can get interviewed instead.
http://www.forbes.com/sites/alexadavis/2016/01/17/virtual-reality-real-profits-11-great-stocks-to-play-the-coming-vrar-boom/#33370535ee23
I still use a Nortel phone on occasion....
Touch it and feel it all the time....didn't make Nortel a good investment, although the stock did get pumped sky high. Of course NT was a massive company, VUZI has been pumped sky high too when you look at their fundamental performance....hopefully they sold enough shares to clean up their reporting problems and lack of controls.
Its not from a letter???
Have you done any DD on this or are you just playing the chart?
Wonder if they've fixed their reporting?
"As of December 31, 2015, our management has determined that our disclosure controls and procedures and internal control over financial reporting were ineffective because of material weaknesses including a financial reporting and close process that does not ensure accurate financial reporting on a timely basis, limited segregation of duties, lack of adequate monitoring of subsidiaries, and weaknesses in our inventory control."
Doesn't exactly inspire confidence......
So much for those predictions...
$7 coming soon....doesn't look like it:
http://www.avoidthebag.com/2016/07/abrw-too-good-to-be-true.html
Article about top players in Enterprise space...
https://techcrunch.com/2016/02/22/virtual-reality-in-the-enterprise/
Fair point.....
In terms of social media the pumping is overwhelming....that's what I meant. Bears tend to be quietly confident....
Almost 17% of float has been shorted....
That's up to Aug 15th as per WSJ.....Now maybe you think the short players are wrong, and that's fair enough.....but I for one think betting against the bears is fraught with danger and its one of the reasons I joined their side.
NBEV got up around $2 in July and hasn't been back...all the pumping notwithstanding. We shall see how VUZI does in the weeks and months ahead. I think the spikes up around $9 represent a double top, but triple tops are not unheard of so another rally won't shock me....lots of bullish sentiment and pump pieces out there. Ultimately people like to read those things that confirm their preconceived biases.
LoL....contrarians are never popular NJM
The herd only likes those who go with the flow, listening to the Shoe Shine Boy.
The joy of being a contrarian......
Everyone says they're a contrarian, but at the end of the day they run with the rest of the sheep. Its not like VUZI is making any money though...but it is a good story.
Blog posting at Avoid The Bag.....
http://www.avoidthebag.com/2016/09/vuzix-time-machine-back-to-tech-bubble.html
Pardon the cynic in me...but
Checking out some IR firm paid to do an interview is like deciding what car to buy based on which company has the best advertisement.
''Why did you pick the Ford Bob''?.....
''Well I watched all the Ads on TV and their's was the best''.
You have a point.....
There are those who will hire writers to do hatchet pieces on companies, just as there are those who will hire writers to put out pump pieces....both happen all the time.
As far as Lithium prices, yes they are going higher and higher...and they will continue until they stop. Some were predicting "peak oil", never ending increases for texas tea, and gold goes through the same mania about once very 5 to 10 years....Boom and bust.
Right now LIX, along with all the other development stage non-permitted and non operaters.....they're all cashing in on Lithium excitement, but they're not cashing in on Lithium because they aren't selling any yet.
http://www.avoidthebag.com/2016/08/are-shares-of-lithium-x-energy-jumping.html
For those who maybe like to hear both sides....
http://www.avoidthebag.com/2016/08/are-shares-of-lithium-x-energy-jumping.html
If you're interested only in bullish commentary though....ignore it, it'll probably just make you mad.
Blog posting on climbing short interest:
http://www.avoidthebag.com/2016/08/lithium-americas-short-interest.html
Blog posting about recent events....
http://www.avoidthebag.com/2016/07/calling-all-contrarians-galena.html
I'd call my opinion cautiously bullish.
Just had a golden cross too....
Blogged about it at ATB:
http://www.avoidthebag.com/2016/07/hmpr-golden-cross.html
Sorry for the dupe...double clutched
Blog post on JUNO lawsuit....
Asks the question: Is Ziopharm next? Also mentions KITE:
http://www.avoidthebag.com/2016/07/juno-therapeutics-being-sued-is.html
Juno being sued, is Ziopharm next?
ZIOP JUNO and KITE mentioned:
http://www.avoidthebag.com/2016/07/juno-therapeutics-being-sued-is.html