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Shorts getting nervous here. GLTA Longs!
Nice bid at .0262 and the floor keeps getting stronger. GLTA!
Quote: "I'm thinking there's >50% chance they show a loss for the quarter"
I agree; been pretty much banking on a Q1 loss, but I think the Q4 from 2011 could be alright. A lousy Q1 could be mitigated with a completed audit. We should know a lot more by annual meeting.
Stormer,
Well said. I agree with your understanding of the article and your "My Point".
Quote from 22May12: "I will look to buy more in coming days/weeks"
Watching IMSC and considering a re-entry around .66. I was looking for better rev/eps last quarter. Since earnings announcement (From TA perspective), IMSC is trying to stay above the 50 DMA, but IMO the SP may fail at .85 which will likely result in an opportunity to buy between .66 and .70. Recommend patience here if adding to or opening new position. GLTA.
CSCO is Getting Interesting Again: I took a position in CSCO last fall around 16 and rode it to just under 21 for about 30% return over 6 months. I’m starting a new bullish position with the following thoughts. Feedback appreciated.
With the current price at 16.33; “low” analyst target of 14; “high” analyst target of 27; and “median” analyst target of 21.38, the risk reward ratio IMO is starting to look good on CSCO. The number of analysts covering CSCO is around 36, representing a broad spectrum of opinions/research.
CSCO’s trailing versus forward PE split is about 4 points (using rounded off current PE of 12 and forward PE of 8) and implies a possible upside of 50% or more, to the $24ish range. This correlates with the majority of the analyst projections.
Technically, CSCO’s chart is showing a lot of support around 15, but there remains an open Gap at 14 from last August. Nothing says gaps have to get filled, but I’ve seen that be the norm more than not the last few years.
CSCO’s RSI is the lowest it’s been since last June and I’m looking for a repeat of the run we saw kick off last August.
Knowing that I rarely pick the exact bottom on stocks, I see CSCO’s bottom somewhere between 14 and 16. If the market turns bullish (I think likely) then the bottom may in fact be 16. If the market continues its downward trend (IMO less likely, but possible), then the odds of CSCO filling the gap at 14 go up.
Disclosure: I took an initial position with $15 Jan14 leaps at 3.25 (20 contracts) and intend to buy more leaps if CSCO dips to 15 and or 14. My goal is for CSCO to hit 21+ (21.38 is analyst median price target) before Jan14 which will yield a 100%+ return. GLTA Longs!
What do "for," "against," "abstain" and "withhold" mean on the proxy card or voter instruction form?
Depending on what you are voting on, the proxy card or voting instruction form gives you a choice of voting "for," "against," or "abstain," or "for" or "withhold." Here is an explanation of the differences:
Election of directors: Generally, company bylaws or other corporate documents establish how directors are elected. There are two main types of ways to elect directors: plurality vote and majority vote.
A "plurality vote" means that the winning candidate only needs to get more votes than a competing candidate. If a director runs unopposed, he or she only needs one vote to be elected, so an "against" vote is meaningless. Because of this, shareholders have the option to express dissatisfaction with a candidate by indicating that they wish to "withhold" authority to vote their shares in favor of the candidate. A substantial number of "withhold" votes will not prevent a candidate from getting elected, but it can sometimes influence future decisions by the board of directors concerning director nominees.
A "majority vote" means that directors are elected only if they receive a majority of the shares voting or present at the meeting. In this case, you have the choice of voting "for" each nominee, "against" each nominee, or you can "abstain" from voting your shares. An "abstain" vote may or may not affect a director's election. Each company must disclose how "abstain" or "withhold" votes affect an election in its proxy statement. This information is often found toward the beginning of the proxy statement under a heading such as "Votes Required to Adopt a Proposal" or "How Your Votes Are Counted."
Proposals other than an election of directors: Matters other than voting on the election of directors, like voting on shareholder proposals, are typically approved by a vote of a majority of the shares voting or present at the meeting. In this situation, you are usually given the choice to vote your shares "for" or "against" a proposal, or to "abstain" from voting on it. Again, the effect of an "abstain" vote may depend on the specific voting rule that applies. The company's proxy statement should again disclose the effect of an abstain vote.
Link: http://www.sec.gov/spotlight/proxymatters/voting_mechanics.shtml
Good news for financials if it ends up being fact on Monday. Could move the entire market North:
"The European Union is working on plans to set up a rescue fund for ailing banks, capitalized by levies imposed on the lenders, the Sunday Times reported, without saying where it got the information.
It will be funded by annual payments from all banks in the euro zone to ensure consumer deposits are guaranteed, and will be backed by cash from the European Union, the European Central Bank or the European Stability Mechanism, the newspaper reported.
The fund may also have the power to take over crisis-hit lenders, according to the Sunday Times.
To contact the reporter on this story: Clementine Fletcher in Londoncfletcher5@bloomberg.net."
Link: http://www.bloomberg.com/news/2012-05-27/european-union-considering-fund-for-ailing-banks-times-says.html?cmpid=yhoo
I have no clue as to what is going on since there is zero transparency, but I did manage a 200K share round trip from .023 to .06 in the last couple of weeks. I put my profits to work yesterday and got a fill at .021. Hoping it bounces up again.
For me this is literally a slot machine trade and I wouldn't recommend to anyone.
Open gap at $19 which correlates closely to the 50 DMA. IMO, we will see test in this area near-term. 15 to 19 is a quick 25%. Icahn and BlkRck recent investments put a floor in for the time being and may accelerate a suitors attempt at takeover, which would drive the price even higher. A lot speculation remains, but positive outcome much more likely going forward. GLTA.
"2 Banks Scoring Big on JPMorgan's Fumble"
Thanks Rich,
Three good news stories that most won't understand until it hits the earnings report.
Looks like it is bye bye to .025. Excellent finish today on good vol.
I think I may eat my words on that last post. Nibbling away at those .0248s; .025s next up!
I don't think we will see the .025 today, but it's knocking on the door. Can't complain about another 52 week high either, and great volume this week. GLTA!
Duck,
I think the home decorator took your color advice
Looking like a short squeeze in the making. I wouldn't go all in, but a buy at 15 may yield a couple quick bucks if the markets hold up.
Bingo End Game! I'm with you.
From New Website: "Check out what Lockheed Martin and VirTra Systems, Inc. have in store for small arms training. Accelerating next generation simulation training technology, our solutions deliver realistic and effective training for marksmanship, urban operations and close quarter battle. Visit Lockheed Martin at ITEC 2012 at booth D110 to see more"
If there is anyone that has a connection with somone that has or is attending this years ITEC in London, 22-24 May, it would be great to get some feedback on the LHM booth and how Virtra is integrated. Thanks.
I'm definately in the public. I should have qualified as the "general and uninformed public" in my last post. What is brewing? working on audit and future SEC reporting; expanded the work force; mechanical engineers brought on board (this equates to new capabilities/products that haven't been announced); strategic advisor added; recent blackout phase; and new partnership with LHM.
Kick your feet up; have a beer, glass of wine or a whiskey and think about what has transpired in the last few months. There is a story unfolding that most stock holders have been anticipating. The general public (non-stock holders) will not realize the potential of recent Virtra events without significant DD or in your face PRs.
IMO, there is no gag order associated with the LHM deal. The leaking of that info via new web-site is deliberate and strategic. The official announcement will follow, and that is when the now uninformed public will flock to Virtra.
Quote: "nice bid at .068"
Whoever it is, they have been chasing it since just above .06 and losing the opportunity for profit. They should just pull the trigger. IMO, today is management's gift to the longterm shareholders. The public still doesn't have a clue as to what is really brewing here.
Legends,
Contrary to C, BAC has not been hinting at a RS. Big Caps like to have their stock trading solidly above $10 to ensure access to all institutional investors; plus the negative stigma of (penny stock) when below $5 is not good.
IMO, there is less than a 50% chance that BAC does a RS. BAC has arguably left the $5 share price in the dust, and with an improving economy, and more important for BAC, an improving housing sector, they should start making their way to $10+, assuming we avoid a market meltdown this summer/fall.
If BoA sees the stock finding its way above $10 on its own over the next several months there will be no need for a RS. BAC will show good earnings growth in 2013 which will fuel improved dividend payout and share buy-backs.
A RS remains a risk that I do consider, but it doesn't keep me up at night. Since you experienced Citi’s RS, you can recall the trading patterns after the announcement and execution, and recall there was plenty of opportunity to get out at break even or even a profit.
If BAC were to execute a RS, I would be looking to buy below the un-corrected split price of $5. GLTY.
VirTra has obviously been very busy the last few months, and in my assessment the silence was not by chance. Over the next several weeks I think we will all look back and say, good job guys. I don't know if it was VirTra, MG, LHM, the MM, or a combination of them all in the execution of the recent blackout, but someone managed to accumulate a significant amount of shares, and a lot of them on the cheap.
I am happy to have been a buyer in the 5s since the pay-off scenario looks to be coming together. GLTA!
"This stock should rally as the fed inches towards QE"
BAC has actually been holding up better than the other big banks last few days. Not sure if it's going to be QE3 or something else, but I can guarantee you the current administration has got to be getting anxious to start showing an improving economy and stock market. IMO it will happen (almost always does in an election year), and BAC should be a big benefactor on the next rally.
The problems I see that could derail BAC is if they announced a reverse split; or if the politicians are unable to keep the peace in the Levant/Middle East until after the elections.
3 independents.
Quote: "BAC CALLS anyone??"
I bought $5 and $7 2014 leaps yesterday and I will go to the trough again if PPS dips closer to $6. I'm holding a fairly significant position at dollar cost average just above 7.50. Plan to write some calls today at $10+, and maintaining some cheap put insurance month to month. GLTY.
Quote: "JNSH..nice day.."
Yes it was!
Quote: "it's nicely done"
Ditto; Looking like a company ready to move to the next level.
Interesting. I believe Baretta and Virtra teamed up at a recent NRA event. Been hearing some chatter related to S&W and Virtra also.
Sergey,
Nice call and great TA. Looks like you nailed to within 3 cents. I'm paying attention
GLTY!
Quote: "I see $10 by the 2014 timeframe and very possibly $35 within another 2-3 years"
I bet we see $10 before the end of Feb 2013, and $15+ before the end of 2013. That is as far as my crystal ball is going out at this point. Lets revisit this discussion early next year. GLTY.
Quote: "Technical Analysis Bank of America $BAC Short target 6.90 (fib 61.8%)"
I can accept the target of 6.90, but I wouldn't initiate a short position at this level. 40 cents profit isn't worth the risk of getting caught in a squeeze.
Quote: "The house always wins."
Eddy,
You have to be the House!
Quote: "Mr. Ferris continued, "We also believe Mark's previous audit experience, from serving as an external auditor to managing audits internally, will be of benefit to VirTra as we work toward completing the company's first audit in a number of years."
IMO, Virtra is still working at getting the audit completed and it will happen. As weeblewobble indicated, and I agree, a completed audit will result in a pop in the share price. I've purchased some chares in the low 5s already, but intend to go after more. IMO, a completed audit will bring this stock easily back to the .07 to .09 range, if not higher, even with a weak Q1. Have to keep in mind that we had enough transparency with 2011 Q4 sales to know that quarter is solid. GLTA.
PS: If you are worried about entering this stock a little early; writing covered calls 6+ months out and buying cheap puts month to month, lets you sleep
Moving averages and RSI may be showing the bottom. Assuming we don't get a market meltdown, I am looking for the 200 day moving average (DMA) and 40 week moving average (WMA) to define the BAC bottom in the current down trend. The RSI is approaching the 52 week lows as the stock trades just above the 200 DMA and 40 WMA of 7.24 and 7.17 respectively. I added a little yesterday at 7.46, but thinking we may get a good buy opportunity in the 7 to 7.25 range with some market weakness. GLTA.
Cut my losses when it broke below 16.35; anyone that had the nerve to jump in at 14.50 may do well with the credit infusion from GS announced after hours. I'm on the sideline for the time being to see how this shakes out. Asset sales can get them out of trouble, but with the tarnished image, it will cost them dearly and erode value. IMO, a suitor with cash and good credit facilities could pick this up on the cheap, even at a 50% premium for current price. GLTA.
Close to the bottom. BAC holding up relatively well today with most big banks down 3%+. Call volume looking good today also; particularly the June $9.
Quote: "So what is a good re-entry point? Or is there one now?"
What is your objective? Short term trade, or longer term hold? If you’re looking for a short term trade, I would hold off for a possible breakdown of the support around 7.65 which could lead to a buy around 7.20, give or take a few cents.
If you’re accumulating for longer term hold, this isn't a bad price, especially if support at 7.65 holds up. Keep some dry powder in case we see a market correction. My crystal ball says DOW 12,600 still possible, which should make BAC available around 7. If you are a long term investment, just dollar cost average it. I took profits just below 10, and started accumulating again at 8.50. GLTY.
Total gamble with zero transperancy, but dropped a bet in the slot maching at just under .023. Something seems to be going on. Hopefully not bad, and hopefully I'm not the sucke@.
Another 500K shares or so should get us through this trading range. Nice change a pace on the vol today. GLTA.