Contemplating my business/loan disasters of last year.1@
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Seemed like a lot of accumulation going on at the last minutes of trading, someone was trying to push this down, someone else was buying it. Is it just trading between HFT's? or was there something else sinister happening?
Last post for the day.
So are you holding off on GLUU for a bit?... where do you think she heads? If this is manipulation, how to combat it?
Why are we falling now? What the heck is going on here? Bad news posted?
Small caps get abused a lot. I mean why not right?.. If I had $5 million, I could make some nice money abusing GLUU.
If AAPL continues to drop, so will GLUU... I'm not worried however, I am ready to pounce on it as well.... I sold Zynga...
I think he did. This sucks.. now no more protection... as AAPL falls, so do we... HFTs are I'm sure merciless now.
It still looks like it is trying to trade with AAPL, if Bull didn't place his bid @2.30, we'd have gone lower... That being said, looks like 2.30 has picked up more support. as long as we can continue to have this bid support, we would just be playing the waiting game. I was tempted to add to my position at 2.31, but then I realized that tomorrow is another day and not sure if Bull is going to provide bid support then too :) ..
Have you got any of that filled?
No, I've met this investor in person... It is definitely a he...
We'll have to see the latest filings I hope you're right of course and I want us to be beyond these price levels already..
He's a director, but with 9% of shares as opposed to 10%... still has to file right?
I'm not sure he wants it to fill, I think he's supporting the price right now. He has shares. Personally I'd rather the price just shot up to 2.4+ already.
Awesome.. well I am happy you have a lot of faith in GLUU, but just wondering, do you know if management has sold a share of those buys at $3+? I hope they're still holding them.
BTW, looks like your bid order is saving the day... no one seems to be selling right now... think the HFT has stopped and are soon going to be in covering mode.
dude, that's a lot of shares.. I appreciate the support, but I'd really like to see you save that money incase it heads down to 2.25 again... don't over commit on this stock (unless this amount is peanuts for you)
me three... My avg now is exactly 2.5, we'll see if I made a bonehead move, but I basically doubled my position by buying at 2.26 at the open.
Wow, so it is High frequency shorting? Yeah, not sure why this is happening here, but I guess if that's the case the little HFT flies will be covering at small dips...
Do you think this touches the $2 mark or below?
iPhone deal with China Mobile predicted to add $45 to Apple's stock price
An anticipated deal between Apple and China Mobile, the largest wireless operator in the world, is predicted to add about $3 to Apple's annual earnings per share, and $45 to the company's stock price.
China Mobile has nearly 700 million subscribers, with 75.6 million of those currently on its high-speed 3G network. Analyst Amit Daryanani with RBC Capital Markets believes Apple could take 13 percent of the carrier's 3G customers, with sales of between 10 million and 16 million iPhones to customers in the first 12 months of availability.
His numbers are based on adoption rates of the iPhone at AT&T and Verizon, which he has used as a proxy for potential penetration rates with China Mobile. For example, during its fiscal 2012, Apple saw cumulative iPhone units at AT&T grow 48 percent year over year.
Daryanani expects that Apple will finally ink a deal with China Mobile in early 2013. That would mean that the iPhone 5 would first debut with Apple's existing carrier partners, China Unicom and China Telecom.
China Telecom is already gearing up to begin offering Apple's latest handset, the iPhone 5, late this month or in early December, The Wall Street Journal reported on Friday. Both it and China Unicom are awaiting government approval to begin selling the iPhone 5.
With all three major Chinese carriers expected to offer the iPhone in the near future, Daryanani believes China will be an even greater part of Apple's business going forward. His forecast calls for the Asia-Pacific region to buy 260 million smartphone units over the next five years, which would be nearly half of the 580 million total smartphone he sees being sold through 2017.
RBC has maintained an "outperform" rating for AAPL stock, and reiterated its projected price target of $750.
I think GLUU stands to be part of much larger markets because of this too, I think we start trending upwards from these levels.
Short interest seems to have increased today... Retail shorts! Good sign if short interest is increasing and so is the price.
http://www.shortanalytics.com/getshortchart.php?tsymbol=gluu
Seems to be resting on AAPL I think... AAPL seems to be slowing down on its rise back right now.. and sure enough gluu takes a hit.
Either that or people are getting wise to the shorts and the short covering. It is looking good right now though.. better than it did yesterday or this morning... *sigh*... come on 2.4!
I know how you feel.. But you know this stock really well, so you're better equipped to deal with the swings than I am. It is certaily a patience game, but don't over commit to your position, especially if it is down trending. Start with 1/10th and add more as it seems safer. GLUU isn't Zynga, GLUU can go 30 cents. Just being realistic. So it is scary holding the bag on this pig. Sure GLUU can skyrocket too, but I'm in this business, it is a hits driven business and I hate Nicolo de masi with a passion.
Well no, I did liquidate some today, I'm not crazy here.. I just only liquidated 40% of my holdings.
I will be liquidating more in the 2.3s... I don't know if it will go down to the 2.1's.. but it could!
But Zynga is too safe of a bet not to get in on, I still don't understand what people are smoking to let zynga get as low as it has... seriously stupid people. Especially after the $200 mil buyback they announced. That's ridiculous.
Well.. GLUU's bread and butter mostly comes from iOS in app purchases. They make some from Android too but few and far between. I think the retail market is extremely dumb on GLUU, and even on Zynga. But I used to work for Zynga so it is much easier for me to buy it and sell it these days. Particularly I'm not worried about it going to zero. GLUU on the other hand, scares me. The market action isn't looking too bad for the moment, seems to be holding steady here.. I think.
I hope it goes up to the 2.4's
I would be ecstatic if that happened! I'd liquidate all of it and put it into ZNGA... or stay at cash actually..
I think GLUU trades with AAPL not exactly Zynga.. I could be wrong though.
I hope so too.. I've been riding it down since 2.50 :(
I also bought a little zynga too, but be careful about that too.. for some reason the stupid market will bring it down when FB goes down because of employee sell offs... but otherwise, Zynga is a great buy.
The stock should bounce back hard from these levels. It truly is ridiculous the market expects this stock to touch its previous low last year of $1.80.
The factors prevailing the stock then were a net loss of $(0.12) to $(0.14) per basic share (EPS)
Now the factors are: "The company provided EPS guidance of ($0.08)-(0.06) for the period." But basically they're anticipating the company posting a net loss of 0.06 for the fiscal year... They posted a loss of 3 cents for the period.
Even if we take the ratio of 0.06,0.08 Proportional to 0.12,0.14 ... We are well above the $1.80 mark. More like $2.40. Why are we headed down to lows of $2?
Tomorrow should be an interesting day... We might touch low of $2... but I figure the sooner we touch that low, the sooner we can move back up... Unless people think we'll go below $2?
15 million shares short?.. that's a pretty big amount considering their outstanding share count.. where are you getting that data?...
The bleeding has subsided for the moment.. This is just astounding to me... ANOTHER low volume day and this happens... it is ridiculous... How many shares of GLUU are outstanding? like 70 mil?... avg volume of 4m/day and today is 2.8 million.. It just feels like we're slowly being bled by someone with either a lot of money (to short) or the damn lemmings.
I listened to the webcast, I didn't hear $25 million... This is a long term hold then... just sick.
How much cash does GLU have currently? The stock is just taking a major beating either way.. this just sucks.
ZNGA seems to be headed south right now.. purely due to FB I think...
But here's the thing FB isn't at bottom right now... Nov 14th is when all those employees can sell right?... if so we're about to see zynga slide down along with FB...
JMO
Yeah, I'm holding as well.. there's something very fishy going on with this stock in my opinion.. The shorts are dictating the pace.. We're going down on low volume and sometimes when I have tried to buy at the bottom (at the ask) the price jumps up immediately without filling my order.
I just feel there's a lot of manipulation we're dealing with here.
GLUU is taking shape...
Chart is looking like another temp bottom forming here at 2.31... might just close even today.. would be great if it did :)
Edit: never mind... sigh... hate this stock.
Seems to be headed south again.. I don't know about loading up on anything.. this stock has a mind of its own... I really do feel that it was all small retail sellers today.. panicking due to AAPL down and other things... the volume at 2.6 mil right now... well below daily avg..
It sucks how much influence these small fries have.
We seem to be moving back up for the moment... *crossing fingers*
GLUU!!!
haha.. yeah, AAPL's bottomline really has always rested on the shoulders of deer hunter and that zombie game...