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So far market likey :)
Welcome back. Great entry point.
TKO gets a nice mention in a travel magazine.
I stole the link from the yahoo board....
http://www.arabia.com/article.cfm/id/166661
If you are posting in regards to my reply to Getrader, I dont care when TKO got off Reg Sho list, its still going to be a hard stock to short. Most broker/dealers will have a hard time finding the stock to borrow so it wont be shortable. I have my doubts that he did, as his timing would be rather odd.
Does not matter to me one way or the other. If he managed to short a few thousand shares and make a little money, although the risk/reward was horrible, good for him.
These types of stocks are dangerous shorts. They are illiquid, dont trade technically, and with any type of good news, you can blow your account out.
Better shorts are larger companies, underperforming their peers, with a very liquid float, in sectors thats are out of favor. Like most of the home builders and most of the financials. Including GS, which I am still unfortunately holding a long position :(
What are your thoughts at this point? There really isn't a whole lot to be said at this point I suppose.
The noise and drama between this and the yahoo board has gotten ridiculous, although I realize I added to some of the nonsense here!
Any thoughts on the general market?
I am thinking a capitualtion down day Monday or Tuesday, followed by someone hitting the buy button.
I bought Aug 47 QQQQ puts on Friday morning to hedge some of my longs going into this week, but I still got crushed last week.
Call it whatever, its still a long over due correction. Dow went up over almost 2000 points in a year.
I like to Cramer to an extent and watch him fairly regularly. You have to take what he said in context, just last night he said corporate balance sheets look great.
CNBC should be taken off the air, they do not nothing but spread either panic or euphoria.
I have worked in several different financial institutions and visited many more, CNBC is without exception, always on. Its also usually muted.
see www.earnings.com
Cramer is still bullish, but selectively. I wouldnt put a blanket on saying all large cap companies are going to suffer. What he is saying is financial services and anything connected to the housing and home building secotr are going to suffer. Out of the 30 dow stocks only 4 of them fit this category.
Slightly off topic and not directed at anyone, just a rant cuz I am bored at work:
There are plenty of companies who are being discounted right now for no other reason than this down draft. You will have nay sayers that say the world is falling apart. Either you are on the side of the secular world ecomony or you think the credit/liquidity problem is going to trickle through every ounce of the economy, the consumer is dead blah blah. If you read the QQQQ yahoo messsage board (which I do) you get the feeling that you should be loading up on canned goods and ammunition right now. I just dont buy into that. In NYC I still see people shopping at all the high end stores, all the restaurants are filled etc.
In my opinion, this will be a selective correction. There will be some trickle down issues in the mortgage/home builders/financial service arena. I know I am still spending (as well as feeding my 401K, which adds liquidity to all those nay sayers out there) as fast I make it, I am guessing many are doing the same.
Replies:
1. MLK not posting does not make me sad.
2. I would assume they are always actively trying to showcase themselves to insitutions. I would not be so quick to use cnbc as your up-to-date info source for several reasons.
Funds do not advertise when they decide to accumulate a position, it would not be beneficial to declare holdings until they actually have the position.
Second, there are many buy-side desks that dont have to declare holdings like mutual funds do. I believe if they are not a beneficial owner, and fall outside of certain regulations, they dont have to register their shares and will never show up on a feed like that.
My thoughts are if this report shows some strength and growth, you will see accumulating start. That will reflect in more institional ownership. The yahoo and cnbc institional reports are lag indicators of this, so it would not reflect for some time.
I have no idea people, are just guessing. The Yahoo board, while containing some good nuggets of info, is hard to read with all the negativity. At this point I read because of the entertainment value of it. At this point, it makes no sense to do anything but sit tight and plow through the Q when released, which should come in less than two weeks it appears.
I would doubt that, I am assuming that would be some kind of pattent infringement. From the PR in February, the first six months were suppose to be the intial phase 1 roll out. Whether there were any revenues tied to that first phase is anyones guess but hopefully we hear some mention of how that work is going either through the Q or some kind of PR. Remains to be seen, but I dont think GE makes or breaks this company, they are positioned in too many other markets for that.
You're not being very nice!
MLK?
Whole heartedly agree. That kind of growth will bring plenty of interest.
The total shares short hsa been under 2.2 million for the past two months so it hasn't gone up for a while.
As far as to who is selling, what makes you think its not several of the larger share holders liquidating some of their position? The short ratio has not gone up...it stands to reason that larger holders have liquidated over the past six months while shorts have used that opportunity cover their position.
That is a leap and I have my doubts about that. 'That turnover rate' is ambiguous, cnbc does not even indicate what that term is suppose to mean.
The fact that the short ratio is as low as its been since I have been here is a good sign, in my opinion it represents a near bottom.
Just a reminder that so we can be a little optimistic here...
This from the 8k in February....
On February 6, 2007, the Company announced that it has signed an exclusive supply agreement with GE Energy to co-develop an innovative custom product that enables vital remote monitoring and management of utility substation equipment. Over the next six months, GE will commence the first installation phase involving customers in North America to further develop and refine the product, customizing it to be compatible with all the various types of substation equipment.
July ends that six month time frame, hopefully that went well and the second phase beings soon.
Its a good point, not sure what his lock up period was but insider selling is always something to watch. Ron believes in the story so Ron Ron is not selling.
I threw out that number 400k because of the heavy volume today...I have no idea how big the sell(s) were, I am simply trying to shed some light on todays action.
Point being, TKO is thinly traded stock with a small float, that owned primarily amongst very few share holders. When someone tries to dump a large block (a la today), it does big damage, there is not enough liquidity to gobble the shares up.
That being said, there were buyers and they did step in and up when the stock trade down 10%-15%. Likely a combination of the Specialist holding it together and someone adding to their position.
I think someone got a discount today but I have been wrong before, I was convinced that 1.50 was the lowest we were going as that seemed a level of buying interest.
Day of reckoning is soon, this quarters number will be about and everyone can see the progress.
Whats makes you think Enable is shorting the stock?
There is no way you can know that so I am wondering where you got that info from...
How about contracts with all the various agencies and public/private companies?
People can say anything they want about the stock's performance, those contracts are still there. Whether they sell $25 worth or $25 million worth is anybody's guess, but they still have them.
nice call on Eddie Munster haha
I think we do hold. The general market wont give you direction. Until Q reports are published, the fate of the stock rests with the those that hold the bigger positions.
I think today we saw what happens when someone decides to puke 400k shares on the open market in an illiquid stock with a small float.
In my opinion the only thing to do at this point is forget the support/resistance, if you still here at this point, wait for the quarterly report and decide if you like where they are going. If not, dump. As far as a stop loss goes, tough call...sell till you can get to sleep I guess.
Say what you want about the Specialist, he picked up a lot of shares today, as did several others. This could of been even more of a disaster.
Are you for real?
Funny, but apparently true!
Dont you own this stock too big mouth?
Boring.
wow, first time I landed on an ignore list. I'm blushing.
I like your attitude. Hope you find some good opportunities during this little downturn. There are quite a few companies that are starting to look really attractive. Good trading to you!
TKO is in full compliance per the AMEX website.
While I understand and respect your point of view to ignore various posters, its just not my style.
Wrong again. Good thing this isn't a game show.
First of all, I sold most of my stock long before you showed up. If you really want to know, I have since restablished a small position with buys from 2.20 to 1.53. I will continue to add when prudent.
Second of all, they never registered to sell the warrants (issung warrants attached to a loan and registering them for trading are different entirely). Check your facts. So suggesting that they diluted the stock by issuing warrants is inaccurate and out of context.
As far as your predictions go, good for you. You have succesfully demonstrated that you were able to predict a 30% decrease in your own original investment. Wonderful trading plan, lose money and drive people crazy at the same time.
I have tried many times to have rational conversations with you. Unfortuntaley, you resort to acting like a child and distort peoples intentions and posts to get under their skin. Pretty sad considering you have shown some intelligence, when you are not trying to agitate people just because you can. Grow up bro, we are all the same team here.
that too
Be careful with the misinformation MLK. Your starting to cross a line.
You are spewing misinformation. Where are they diluting? They are not. If you are going to act like a 5 year old at least be truthful.
Exactly. I will be a happy camper if/when the company has to issue shares as part of this indenture.
TKO seems to be doing all the right things at this point. Expanding markets, consolidating operations, making personel additions and subtractions. I am looking forward to reading Q2 and Q3 reports. A revenue double from Q1 with improved cap ex will make me very happy.
Much better than issuing shares. Terms look good, 6% plus warrants at 4.17. The warrants are issued to sweeten the deal and bring the interest rate down. If those warrants are not there the financing term is much worse.
Warrants are not issued shares, once they are purchased, the company issues the shares, not before. This does not dilute the stock now, it would only dilute the stock when the are actually bought. The lender is not buying these warrants until the stock trades above 4.17 anyway.
Based on the amount on the 8k it looks like they dont anticipate much of a liquidity strain in the coming months, a possible sign they will be cash flow positive soon.
Where did you read they issue shares?
MLK, ask and ye shall recieve:
Telkonet and 1-800-905-GEEK Announce Plans to Penetrate the Small Business and Residential Market
Monday July 30, 8:55 am ET
Ha. Well at least I know where you are coming from now. I kind of liked the OT converations about that market myself.