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Sometimes you sound like you almost have a clue. Other times...
Bored again?
I agree with you but you also have to consider that many of the banks sell that debt to other instituions so they may not be on the hook for as much as people think. I think we saw many of the investment houses get crushed because of this. GS is one of my favorites and it has gotten killed. I am holding it because I think when the waters clear they are going to be ok, from what I have read that do not have as much exposure to that debt as other institutions.
I think BAC is winner as are many of the financials but the bottom is not in for either housing or financials, good time to nibble though.
Financials have lower to go as well as Housing sector. I nibbled into some GS today.
I have done no research into any housing stocks so I wont comment on it, I just think they are done bottoming out. If you plan on hold, you will eventually be right. Buying when everyone else is scared is generally the right move. I just cant do it yet.
Hope you play it for a quick bounce, they have earnigns tommorow. You realize (it looks like on their profile) they cater to first-time home buyers right? Hope you get a bounce and make some money, I would not want to hold it past 10am tommorrow though. Best of luck on that.
Correction was needed, today seems panicky though.
I dont have a strong handle on economics but I see a few things that are concerning.
1. Yes earnings reports have been strong but comanpies look like they sandbagged earnings to beat the number. Just look at AAPL. Great company, I think they go to $200 but they just did .92 this quarter at set next quarter at .64 or whatever? come on that is silly, they sandbah earnings and beat every quarter. Anyway, earnings have been ok but not blow off the top.
2. Dollar/Yen is baddddddd. The Yen rising against the dollar is bad bad bad. No one is going to know the results of that, if any. If the Yen rises, all that cheap money is gone. That removes liquidity and positions have to be unwound. I dont think anyone has handle on it. Then again, it could amount to nothing and be all talk.
3. Housing market is disgusting. It is showing no signs of life and pulling everything down the toilet with it. Finanicals are getting crushed. It is crap, they are still good companies, I would be a buyer today of them, if I didnt have my modest account tied up in other bullsh*t.
4. On the plus side, I think the global outlook looks great, it seems like so mnay of our US based companies are set to grow with this global growth explosion. Traditional blue chips and conervative plays have turned into growth plays becuase of the foreigh exposure.
Today is nice day to buy being a position in a company you like. Financials would be my first pick.
That is my crappy opinion, sorry so long.
Yeah I hear you on that Win, I think your trying to catch a falling knife buying homebuilders but it is tempting.
I haven't see volatlity like this a long time. Today is certainly a wake up call.
What is your take going forward?
I actually agree with you, but I dont think the time is just yet on the homebuilders. I almost shorted Beazer off the open but I held back, kicking myself now. At some point I will buy the index but not yet. I think there may be some good opportunities overall in the market but we may not be done yet. Need to shake some more people out first. I am going to look at the financials first, they are getting hammered today. GS MS LEH MER, all down 5%? That is sick, Those are solid company and this pullback is unjustifed, Those stocks are all trading at PE around 10!!!!
Come on MLK your better than that. Give us something a little more intelligent to complain about.
Are you watching the markets today? You have no comment on that?
lighten up big guy, life will be much better!
We are trading higher MLK!!! Are you excited?!
What did I doubt?
Do you specifically wait for down ticks to post, or just post when bored?
'The Company also reviewed each stock option award granted during the periods in question with its independent auditors and concluded that the failure to properly account for these grants did not have a material impact on the Company's financial statements during the affected periods and a restatement of the Company's financial statements is not warranted.'
'Therefore, AMEX will not seek to delist the Company from the AMEX nor will it require the Company to submit a Plan of Compliance with respect to the matters addressed in the Warning Letter. '
I'll translate for you...no harm, no foul.
OT - Yeah, I agree was a nice day given in context with the rest of the market. I haven't seen the S&P with a 30 handle down move too many times.
Market has been way overbought for a while with too many negatives completely factored out. This pull back is healthy and the volatility is healthy. I bought some QQQQ August puts this morning to hedge myself as I think we see more volatility this summer. Earnings season has not been great and the housing and financial sectors have been distasters.
Anybody follow AMZN, stock is unreal. Up another $10 after hours. An amazing short squeeze. The stock is trading at a P/E of about 150 now. Ridiculous.
Oh wow, please tell me you are not going to start posting about the stocklemon reports. You will lose all credibility you have with me if you start with that crap.
Those 'reports' are so friggin old and that guys website is an absolute joke.
I can take your meandering posts. I can take your babble about the same points (over and over and over). I can even take you twisting things out of context, but I cant take any reference to stocklemon!!!!!!!
I have to agree with you MLK. I am wondering who is buying now too, but why did you buy at $1.64? Are you still holding onto that stock? I think you should of waited a week or two then you could of bought the low at 1.54 today and even been up a few cents. The good news is your average price is around 2.05 now. My average price is around 2.30 so your doing much better than me.
Are you buying more here MLK? I know you said you were buying more at $1.64. I am sure you have an exit price in mind, please share. Where is your stop loss?
Did you buy more at $1.64 MLK?
Whats your stop loss MLK? I thought you said you were going to sell your position when it broke the 52 week low. You also said you were going to buy more at 1.64. Have your done either of these?
I already told you I sold a big chunck of my position. Some a few months again some a few weeks ago. What I hold, I will hold until I see 2007 Q4 numbers.
If I see an opportunity to trade around my position, I will do that too.
What is your exit point? It already is through the 52 week low...
Did you buy more at 1.64 like you said would ML?
Well someone did.
Nice job on that. Chart makes me want to vomit but you did a nice job, I like the commentary!
Germantown, MD. You never visted the website?! Come on MLK, your better than that!
I dont mind either, he is confused.
Tommorrow should be interesting day in the market. Both YHOO and INTC are down afterhours after earnings. INTC looks like they met, but those expectations were most likely built into the stock price. YHOO is just plain horrible and is going down anyways. The next two weeks are going to be fun to watch. Most sectors of the larger caps have been on fire, I would expect some type of sell-off after they report but CEO's are getting smarter and lowering expectations so when they report they are blowing them away.
Will be interesting, especially since Friday is option expiration.
Telkonet is Germantown, not Denmark.
You are wrong about the broad market having anything to do with micro-cap stocks like this. Days like yesterday happen when mutual funds and hedge funds press the panic buy button becuas ethey are caught with either too much cash or short they dont want anymore.
And I hope your right about all the bad news being priced into the stock, I would think that is the case but lets hope your right!
I have decreased my position steadily over the past few months. I only have about 1/4 of what I had a few months ago.
As far as being a very bad day, I dont think you are correct but you can obviously think whatever you wish.
I am not sure why you think it should of gone up this week. There is nothing to indicate that it should, no news, no pending financial release. I dont think it will and I dont think it should. It will go up when/if they release some sales figures.
I am not counting on it going up right now, would be nice, but I dont think its going to move too much at all right now. Why would you think it would of gone up?
You realize I am the only one reading your posts, right?
This might be the lightest trading day for TKO I have ever seen. Not good, but not bad. TKO is not the type of stock that would participate in a broad based market rally like yesterday (which was attributable to short covering and the free money that is continuing to be dished out in Japan, in my opinion).
This 1.65 area does seem to be the line in the sand. One big buyer could make this interesting.
Ah woops, I thought he was serious and I am on my first cup of coffee still. And yes, I am from NY, we only speak sarcasm here!
Speaking of upticks, there are none anywhere on my screen today except goog :(
Its just a reference to a trade above the last sale price. IE: if a trade goes off at 29.50 and the next trade is 29.51. That is an uptick.
Probably will be static, I can see rangebound from 1.65 - 2.25 for a little while. There isn't much left that has not been factored into the stock. Remember, those that thought the stock was overvalued and were short, believe it is now trading closer to real valuation.
I agree wholeheartedly on the foreign side of the equation, but they have to get their domestic operations going first. Lets see some of these current relationships materialize significant reccuring revenue.
Having said that, the way they can make facilitate foreign exposure is through their channel partners that already have a strong foreign presence. That is why GE is so so important in my opinion. GE accounts for something like 1% of the world GDP (with a market cap of nearly 400 billion and 190 billion a year in revenue). They may as well be a country. If this relationship is developed and grows into the various market segments we have all heard about, it is one monster customer for TKO. GE energy is all over the place now, I see commercials for them all the time. From what RP said on the CC they are selling the TKO product. Same story for EDS, huge company that does a lot of overseas business.
Anyway, I don't think its worth having anything more than minimal expectation right now unless a significant partnership is announced. While sales may not materialize until later in the fiscal year, if Q2 looks clean, you might see some more interest in the stock. I understand some of the bigger sales numbers won't show up and I am specifically looking at the their balance sheet and cash flow. Looking at spending, revenue, and cash on hand.
Ha, that was a good post MLK. I think I would wait for the Q4 numbers, but that is just me. From what I heard on the CC I dont know how much anyone will be able to see from that unless they surprise.
If this company does manage to do over $20 million this year, people will notice. I am not predicting what that will do the stock price but those kind of % increases in revenue will attract attention.
A lot of what will be factored into the valuation is going to be what the capabilities of the company are going forward and how big is this industry potentially going to be. Is it $500 million or $5 billion? I probably should know but admit I do not.
Looking at their the last two years of quarterly balance sheet and cash flow statements tells a little bit, cost of revenue leveled off. Cap ex spending is significantly down. They have no significant debt. All good things but ist way to early to tell. They get through this year without taking on much debt, issuing more stock and increasing revenue to 20+ million, they are in good shape, in my opinion.
Maybe you should try and focus on some of the opportunities that are in front of the company instead of the failures behind the company. After all, it is a $2 stock. If everything was great, it would not be. Most stocks you buy below $5 are there because of past failures, TKO is no exception. I happen to think that they have a fairly significant upside (maybe $5-7 with all things being equal and they wind up doing $50 million in '08). I thought the same thing at 2.50 as I did at 1.50 but I adjusted my postion as that risk/reward skewed down.
It's all about risk/reward when trading/speculating/investing my good man.
No problem. The investment world is a tricky place and can be very precarious. By rereading many of my previous posts you may be able to pick up some simple yet important bits of knowledge that can possibly help you understand what may impact TKO going forward as well as why it is trading where it is.
Thanks!
Mutual Funds are your friend. Thanks!
No I don't. I don't know anyone here personally. His responses are in jest as mine are to him. Although if he actually read mine, he would find himself a bit more educated.
I understand your frustration but he is not paid for posts. He is not short and he does not represent a short. I agree with your thoughts that if you dont want to read his nonsense, putting him on ignore is a good idea. Personally, I think he is a little clueless and just annoyed with his trade. Either way, I am just trying to help MLK find his way!