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Good for you, I'm sure Uncle Sam appreciates it. I take profits as well, and I rebalance, those are taxable events. I just prefer to pay long-term capital gains than short-term. I'm not stupid, however, and I will realize short-term gains as opposed to not having any gains whatsoever. I just manage for efficiency as well as profits. I don't see anything wrong with that and every financial planner will agree.
I'll check that one out, but I don't know if I have room for another pinky. It sounds good from your description, but NowAuto is very "real" as well. No audited numbers yet, though.
Easy there buddy, it's only idiotic if you didn't understand what I was saying. There is such a thing as managing your porfolio for tax efficiency...correct???
You missed my point...short-term gains vs. long-term gains...higher taxes vs. lower taxes...traders vs. investors...
That's what I was saying. Obviously I have to pay taxes just like everyone else on my gains, but managing your porfolio from an asset standpoint as well as a tax standpoint is only prudent and optimal. I'm sorry to offend you, I'm sure you do great...Take care.
I would consider being overweight in this stock if the audited numbers have been released. Since they have not, I have a speculative, moderate position in my overall porfolio. Anyone that invests a lot of money in a single pinksheet stock must have balls of steel and a thick stomach. IMHO
That's your first mistake - you have a short-term perspective. Short-term money is for trashy traders that like paying taxes, the REAL money actually comes from holding longer than a month...imagine that! LOL
Thanks buddy, I love you too.
Thanks for the feedback, what you said makes complete sense. I am not overallocated in this position, so my portfolio can handle the additional risk that is associated with holding. Plus, my cost basis is pretty low, so it will have to take a huge dive for me to break-even. I want to see some heavier positive volume and a 50-day MA firm support, that would be very nice to see.
Have you noticed that as it traces this apparent bottom, it has been closing in the top half of the trading range? I think that's very bullish, and I love the low volume decline today. Maybe that last shake-out was the marker for the bottom? We'll see...
Maddog, any word from your friend about her conversations with the management? Did the management admit that this is a scam and that all shareholders are going to get royally screwed? j/k
Seriously, let me know if you found out some good stuff.
Bottom line: Nobody knows anything other than what has been released to the public via the press releases. People on this board are just guessing and speculating, and scaring themselves into believing that these lies are true. Here's a good way to determine if you like or don't like this stock: read the press releases and do your due diligence. Do not trust anyone on these boards and do your own research. Before I starting reading all this garbage I was doing just fine and my thoughts weren't polluted by the trash on these boards. I am convinced, now, that I need to not read these boards and focus on my own research. I suggest longs do the same.
Give it a rest everyone, please?
Silence is a good thing, endless chatter is bad.
Thanks Greg, I assume "Auto" is substituted for something else usually. Laughing My Donkey Off? Take care.
Thanks T5 for the Private Message, you gotta do what you gotta do. Take care.
What does LMAO mean? TIA
Wow, I'm just going to stop posting today, everything is getting deleted anyway. What a waste of time... Take care everyone.
I agree, it can be pretty crappy sometimes. But I've encountered that problem on every site. You just can't get away from it for some reason. You're right, if Yahoo started making people pay it would be a ghost town. I think everything should be free regardless.
I haven't seen the need to pay for this when it should be free anyway. Yahoo doesn't make you pay. I don't need any of the paid membership features at this time, although I have considered it for the unlimited ignores. Take care.
Nope, I'm not an insider. Just an investor. Calm down, I didn't mean to ruffle your feathers. Take care.
I meant vice versa..ie 1 for 3...it's early still
That's not enough, the market is unpredicatable and, therefore, you can't predict it. In order recoup any credibility that you've already lost, you need to explain things. That's my last post to you, take care.
Sure buddy, whatever you say. I love your analysis by the way, you supply ample proof and examples to back up your statements....
Hey, hopefully it will go over $5 after the reverse stock-split and you can short it! Wouldn't that be something? I hope you get the opportunity, it seems like your chops are watering. But wait...do you even trade stocks? I don't think you do because you have yet to actually mention that...LOL
chisox pat, in Texas you can hire a policeman as security and they wear their uniform and drive their car. It must vary from state to state, so you should check your facts sometimes. Take care.
Thanks Maddog, I appreciate the update very much. Let us know more information once you've had time to pick her brain some more. I'm surprised at how many of our basher friends showed up to post comments towards your posts, I guess they just pick fights with anyone these days...LOL They don't have much to go on... I'm glad everything went well this weekend and I am looking forward to hearing the auction results, as well as more "merger" information. Take care.
I missed you too watchdog, believe it or not I really like reading your posts. You are very descriptive and flow well, I bet you could write a great book. Take care and I look forward to three more posts from you tomorrow ;)
Wow, that's rich! You can be pretty funny watchdog :) Your imagination is very descriptive indeed. Are there any stocks that you are long in? I'm just curious. Thanks in advance.
I agree, what if everything DOES work out? We already know what'll happen if things don't work out...a steep drop to zero. But if things DO work out, a steep incline to $15? (after stock adjustment) The glass is either half-full or half-empty for some people...
Thanks Maddog, let us know what you hear and if you find out anything interesting. Take care.
Wow, the volume dried up today and we are barely hanging on to the 50-day moving average....can this be a bottom? I sure hope so... Have a good weekend everyone, there's nothing to discuss.
Who knows how they got the shares? I hope it was in the open market, and I agree that if it was a pp, it would have been more shares and announced publicly.
That investor update about Navicom is exactly what was in an e-mail from Keith...verbatum.
Good post arbpro, I couldn't agree more. Right now we have little to go on other than what we've been told... I plan on staying long until I feel as though the negatives out-weigh the positives. I have purchased under-valued stocks before (to me they seemed undervalued), and have learned that you just have to be patient. We'll see what happens, but if things don't come to fruition, I will sell.
What happened today looks and smells like a bottom...sizeable drop and big buying at the lows. Hopefully so, it would be nice to form a nice base above $1.50.
I know, I haven't heard any discussion about the 10QSB released by GEIV. I guess it's old news...
This is not a recommendation, but dollar-cost-averaging over the next couple months would not be unreasonable, assuming you're long-term. This is a typical shake-out of weak holders, and it's essential that this happens in order to find a bottom. How low will we go? Who knows... It really doesn't matter unless you have short-term intentions. A drop in the price when it's unrealized doesn't mean anything.
Nothing I have posted is insider information, everything has been released to the public. I just asked him to expand on the details, since the press releases are very general. That's it. You should go back and read things before you make allegations like that. You earned a spot on my ignore list.
Here's what Keith said about Navicom a few days ago, in case you missed that posted e-mail. Execution: it's regarding the "gps boxes with wires on old wooden tables." LOL
"Everything is on track. We expect to have units delivered by late August as planned. They are testing both the GSM and Microburst box as we speak and we expect to receive live test units by the first week of August. The back end is 75% complete and we continue to have weekly meetings with the software engineers to stay on top of the developments.
With the addition of John Pappas, our new Executive VP of Business Development, we have been extremely busy with a multitude of deals ranging from enterprise accounts to nationwide retailers who will integrate our product into their distribution channels. You are going to see an enormous shift in the direction as it relates to microburst vs GSM. Companies who primarily sell microburst (Aircept) and others are scrambling to stay in front of the curve. The paradigm shift in the industry is headed toward EGPRS (GSM). Because of this, we plan to aggressively market our GSM box and its capabilities both domestically and internationally. I could talk all day on why this unit so extraordinary but that will come shortly as we move closer to the launch date. A side note on the unit: It will do over the air programming and reconfiguration as well as have the ability to do full voice transmission. You can imagine the possibilities this opens up for us.
We’re on track with our 1,000 unit a month forecast. In fact that number for us is a baseline based on a 3 month rolling average. By no means is that what we are shooting for. It’s our minimum internally."
Yep, you may be right. There's no foreseeable catalyst until September, unless Navicom surprises us with some sweet deals. If the stock drifts lower, I'll snatch some more shares myself. I would like to see us form a nice base around $1.50, however, and continue upwards. Time will tell...
Have heard back yet? I'm curious to read what he says...