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This company is all HYPE. POKEN is hype. China deal is HYPE. Their main business is promotional game cards. Anyone who thinks that this has not been badly hurt by the 2008-2009 recession should go get a real job. This stock might fall to 30c again. ZAGG is getting smashed. TLR is getting smashed. I have never seen so many people so Bullish on one company. Who knows if the Estate of Lord Steinberg is selling. Thes people are horrible at running a business. Wake up.
I am also buying everyday ... 2k a day ... have 10k total.. it might go down because of the selling pressure from the warrants, however I will buy everyday based upon valuation plus good reccomendations by stockgod and joenatural.
I have serious doubts whether EGMI has alot of Promotional business booked for 2010. EGMI has made most of its revenues from Promotional business. The recent ecomonic downturn that the entire world just suffered leads me to believe that EGMI might not have booked alot of promotional business for 2010. My logic is ... they pre-announced 2008 and 2009 when they knew their Promotional backlog. They have not pre-announced anything for 2010. Maybe they have changed the way they are doing business. When you factor in the lack of pre-announced 2010 earnings by the company and the managerial mishaps, I believe this stock is not attractive. If you take the taxed ROTH EPS for 2010 you get 13c EPS. Looks like this company has to pay taxes. Thus this company is now trading at 10 times 2010 ROTH est EPS. I believe they are going to have a very hard time making the ROTH EPS est for 2010. I guess we will all see how this plays out over the next year.
Does this company still have any promotional business? When I bought EGMI at 40c ...they were telling the world they were going to make 14c in 2009 ... which represented 40% growth...and at 40c was like a 3 PE ... Now Mgmt is giving no fwd guidance. Everyone is raving that 2009 earnings are great... they told everyone what they were going to be a long time ago... The only positive thing I can think of that has happenned to EGMI is that stockgod has been a BIG buyer. I used to be really long. I am now really long ALIF SYNM and RODM .... best of luck to you all ... I have never been short any bulletin board stock in my 25 years as a trader.
11 straight lower highs. MACD heading straight south. Smell your fingers.
10 straight lower HIGHS. Ten straight days this stock has not gone over the previous days high. Wow. I guess this had to happen when every single person was bullish.
Hey Yale ... Can you give me the Top 3 reasons you like EGMI.
Somebody is a BIG seller. Let this stock wash out. It would be fun to trade EGMI again. I believe the selling has to be coming from someone with over 1 million shares long. Forget about what people are telling you. Somebody is a MASSIVE seller. Just look at a 5 minute chart. Listen to me. I actually know what I am talking about. Good Luck to all.
I am buying every day at 94c and lower.
13c is ROTH EPS for 2010. Get out a calculator. That means they will not have EPS growth for 2010 vs 2009. I do not think buying EGMI at 10 times ROTH 2010 EPS estimates is any kind of compelling value. Maybe you do.
The fact that I am the only person on this whole board who thinks this stock is headed lower should scare all of you. Everyone just keeps saying how great this turd is. If it wasn't for stockgod and all of his followers this stock would be trading 80c right now. It is not CHEAP ... next year they are supposed to make 13c after taxes.. That represents ZERO EPS growth. Any trade based on the 200 day moving average on a Bulletin Board stock is a JOKE.
I started buying more today at 94c and lower. Good luck.
13c is the Roth tax adjusted number for 2010. Yes kids EGMI has to pay taxes when they make money.
Roth 2010 EPS est 13c ... Lets see 10 times that would be $1.3 .. Does anyone really think a Bulletin Board stock with all of the recent problems that this stock has had is worth more than 10 times next years Supposed earnings.
He is the logical assumption.
If you look at a 5 minute chart ...this selling started on Dec 7th and someone has been selling all the way down.. it is easy to see on the 5 minute chart. They are now selling at $1.25. They are selling using ARCA. Dec 7th is around 1 month after someone passed away. I am just guessing here. Take a look at a 5 minute chart. Lord Steinberg owned 10 million shares approximately. GL.
The Big Question is who is selling all these shares. The most likely candidate is the Estate of Lord Steinberg. I hope it is cause then I will get to buy a boatload down at 40c again, just like I did when Trafalet was selling. Good Luck everyone.
Looks like everyone agrees that this is a great BUY. Its scary to see how bullish everyone is. I have read every single article/message on this stock for the past year and I have serious doubts about the 2010 projections for EPS. This company makes its money in the Game Card Promotion business. This company has given Forward giudance for 2008 and 2009 based on the backlog of their game card promotional business. This company is not giving guidance for 2010. Why not? This is a Bulletin Board stock. I have no faith that a Bulletin Board stock is going to be a major player in the Chinese Lottery market. EGMI bought 5% of POKEN at a 25 million dollar valuation. It looks to me like this company is trying to get in to new ventures using the money they made in the game card promotional business. Good luck to all.
2 positives in EGMI .. stockgod bot some and GWMAN puked his whole position. 1 BIG negative ... Huge Volume down day.
Maybe EGMI will make less than 10c EPS next year.
Maybe Kevin Donovan is only a salesman - not a businessman
Maybe they have no more Promotional business
Maybe everyone was too damned bullish
Only bad traders BUY HIGH VOLUME breaks..
stockgod is the best trader I know of ... who shares his trading knowledge.
stockgod is buying EGMI down here. That is a positive.
Pro Trader ip #1 ... Do not buy High Volume breaks into 200 day moving average
For all longs.....Do you know why you are long? Are you just gambling? I am a professional trader. When everything does not go exactly my way, I look at reducing my position. That is how a professional trader does it. Alot of bad things have occurred in the last couple of months. When you trade from now on ...If everything does not go EXACTLY how you plan ...reduce your position..if things goes better than planned ...add to your position.. but NEVER just stick your head in the ground and average down and PREY. Good Luck and I hope I do not win this low contest. I have no position in EGMI. I got out of the last of it when the Chairman and largest shareholder passed away...
Somebody is selling.....people who pick bottoms .. end up with stinky fingers....when everyone is long and bullish ...stocks tend to go down...
You are comparing EGMI to Coke .. you should be a comedian.. EGMI has no revenues in CHINA ...just the hopes that it one day might. You are funny dude.
Are you comparing the EGMI brand to Coke and Walmart..thats funny..
In March this same stock was trading at 2.5 times pre-announced earnings. Basically all of those earnings were from Promotional game card booked business. The only thing different with this company right now is that the man with all of the Gambling ties is no longer with them. The Estate of this man might have to sell all of his shares...or maybe is selling them right now.. because it is very obvious that someone is selling. But wait EGMI has 5% of Poken which they paid 500k for... and they can also dangle the famous Chinese carrot of massive growth in front of everyone's face. Let me remind everyone that basically all Bulletin Board Chinese stocks were trading for a PE of 1 just 6 months ago.. and most of them had great growth. I hope the people running EGMI are better salesman than managers. C U at 50c
My checklist
1. Management has hard time filing on time...Not Good
2. MACD looks real bad
3. Big Volume on down days
4. No fwd guidance by mgmt.
5. mgmt speculating on new businesses..hmmm
6. CFO resigns because of insurance problem
7. I hope 200 day moving average holds for you bag holders
Are any of you bullish EGMI cheerleaders worried that the last 3 biggest volume days were also big down days in this stock. I guess somebody is worried.
Can someone please convince me to buy 100k shares ...all I keep hearing is this company has great salesman and great prospects. Do they have any Promotional business for 2010? That is where they have made all of their money to date. Is everyone excited by all of their new business prospects which they have no experience in? I know Kevin Donovan is a great salesman. I am sure they have hired alot of other good salesman. I know they bought 5% of Poken at a 25 million dollar market cap. I have read every intelligent post about this company for atleast 1 year. Can someone breakdown where their EPS are going to come from in 2010? Try to make it a smoewhat intelligent response please.
I made my statement after reading the transcipt posted on this site. I believe I was the largest shareholder of this company who posted on this site before you started accumulating your present position. I also believe I have made Far Far more money trading this stock than you. This company has made the vast majority of its Revenues in the promotional business...FACT... I might be the most blind,deaf and dumb person who has made his livelihood trading for the last 25 years. I hope you make money alot of money in this stock. Good Luck.
This is a 120 million dollar company selling game cards. This company used to give Forward guidance. It does not anymore. This is a Promotional Game Card company. That is where 80% of its revenues came from. The economy tanked. I have a hard time believing that the Promotional Game Card business has not been hurt badly. Maybe China and Pokemon will somehow make up for this. Maybe a bunch of Chinese making $3000 per year are going to bail out EGMI. Does this company have a backlog for 2010? Good Luck.
Wow ..ALIF has now scammed 3M..BMW..Warner Brothers and FC Bayern Munich..but they can't pull the wool over this board. I was hoping to buy more shares around a $1. With all the bad news you would assume it would have broke more. I guess I have to start buying some here. Good luck to all.
I choose to believe a 50 Billion dollar company who has "probably" seen ALIF's books is a little more knowledgeable on this Accounts Receivable issue than a serial bulletin board poster.
The fact that 3M bought 10% of the company at $1 is insignificant. Most 50 Billion dollar companies do not do high quality research like people on chat boards. hahaha
3M Bought 6 million shares @ $1.oo. 2 weeks ago. 3M has a 50 Billion dollar Market Capitalization. The shares they bought are restricted...meaning they cannot sell them right now. They understand this company FAR more than any of us, including the great RAWNOC. I will buy more if it breaks. Just like I bought truckloads of EGMI at 40c when others lacked courage. All small Chinese companies are having problems with their accounts receivable.
3M has done the Due Diligence for us. I would love to buy some more lower.