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Young&W - Do you trade the stocks, or do you flip the options? I used to trade the stocks, but have found that you have a lot more leverage when you buy and sell the options.
Steve Nix
S-2 I would be interested in info on the penny stock you mentioned. Sorry, I don't have private e-mail priviledges at this time.
snix@miloffaubuchonrealty.com
Thank you.
Steve Nix
Did you perhaps put in an "All or None" selection with your trade order? That's the only reason I can think of.
How come department? How can I have a sell order sitting at .0032 for a stock and trades be going through at .0033 and me not being filled??????????
Hey Prof - Were you so bold as to, perhaps, get a front shot of that lovely young lady in the tattered clothes?????
Can anyone confirm or deny this report about MRVL being the main processor in the IPhone?
http://www.informationweek.com/news/showArticle.jhtml;jsessionid=JI4RO5PU12HVWQSNDLPCKH0CJUNN2JVN?ar...
BRCM & MRVL in new i-phone.....
http://www.iphoneworld.ca/news/2007/02/07/uk-developed-processors-power-much-of-apple-iphone/
Meeting at 4:30 on East Coast, 1:30 pm on West Coast.
This is all I could find on it:
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_M/threadview?m=tm&bn=11960&tid=...
I couldn't find any reference to it at MRVL web site.
Steve Nix
OK, the market has been moving sideways lately, but it is easy to visualize OXY getting a jump in price between now and May, 2007. That is why I have purchased 10 $45 FEB07 Call Contracts at $6.80. I am not tying up a lot of money that way, and there is plenty of time before expiration.
Buying the 1,000 shares of stock today would have cost me $48,500+, and the options only cost $6,800.
I can sell my options anytime I want, just like I could sell the stock anytime I wanted.............to take a profit, or to protect a loss.
The profit I make should be a little less than if I owned the stock, and the loss should be a little less also, it that should happen. So, I'll be in touch how it works out, but it seems like a great way to take advantage of any price swings without tying up all your funds.
bag8ger - Only time will tell. GZFX is just hard to justify as an "investment" at this point. As far as CC helping to bring in new Subs, I can't find the ad in the CC flyer here in my area anymore, and didn't see any GZFX display at all in the CC store yesterday.
200,000 Subs? Does anyone consider that attainable at the current burn rate of cash, before the actual crash & burn inevitability? Without something happening SOON, this GZFX will not be here at this time next year, IMHO.
The allignment with Circuit City, was an excellent chance for GZFX to succeed, but it did not work. That was the opportunity of a business lifetime, and it's gone.
The only thing that should have been on this company's mind since the CC partnership started should have been making it work to grow the number of subscribers substantially.
I was going to buy back in recently, and I thought many others would buy in at these bargain prices. However, the amount of sales at the bid have moved the price steadily down, and I'm sorry, but I don't see any way of management stopping the steady drop in pps. Heck, they don't even seem to care as long as they can keep selling new stock.
Sometimes a penny stock can make you rich. Most of the time a penney stock does just what this one is doing, dying a slow death.
Let's see, right now I can buy a MILLION shares for $2,700. That sounds cheap, doesn't it. Sometimes you get what you pay for, sometimes you don't. The rocketship is dated, and it is possible that the fuel needed to boost it into orbit isn't available anymore.
S-2, where would you recommend closing out the USG calls? It was up to $50.18 already today at a high of $3.10 for the option. I bought when you suggested at $2.90. Is that $3.10 the highest we should expect from that recommendation?
Ice, do you expect the Q to be positive? As long as it shows a good increase in Subs, that is all I care about. If Subs are not good, then this company will go downhill quickly. I can't buy more of this stock until I hear about the sub count.
Subs will say it all. It doesn't matter if we are not making a profit at this time, it DOES matter that we are increasing sub count.
Our indebtedness is a requirement of a growing company, and having cash and funds to draw from (indebtedness of stockholders) is a necessary evil.
SHOW ME THE SUB COUNT!
That will make the difference from GZFX growing the pps or slowly dropping the pps.
Hey, who needs more posters? We can talk to ourselves and count the money all the way to the bank. Anyway, we're both betting on OXY pretty heavily right now, putting our money where our mouths are.
I am long until $48.50 or thereabouts, and I know you have built up your FEB07 $45 Call options to a point where I think you are going to be one happy guy on the next OXY spike, which I would think would DEFINITELY hit before the 3rd week in February!
When I cash out on my shares, I will be looking for a option price somewhere close to the bargain prices you got at $3.70, which will probably not happen! I may go just a bit higher than the FEB07 options with the MAY07 options, but I won't be able to decide until I cash out.
Good luck to all...........and we're open for other good suggestions aimed at making a couple bucks, so don't be afraid to jump in with your ideas!
Close to 74 Million shares traded. Increasing price would show that something is happening (no matter how short term), and significantly decreasing price would show some dumping going on. With just .0003 from the open til now, who knows?
56 Million in shares sold, .0003 drop in price from the open of .0045................do you think someone is dumping some shares??????????????????
Good insight by relating McClellan's prognosis.........I appreciate being exposed to new sources of information. I will google him later today.
For $600/month, they better earn their fee, in terms of very reliable advice! The VectorVest I do, is cheap at $59/month, but I like it because it is very unbiased, and does an excellent job of indicating market trends (as well as rating 8000 stocks in a way that can be advantageous if you are looking for a new stock to buy long or sell short.
A bear market, or a major market correction is what concerns me the most. Over reacting to those fears cost me many thousands of $ already this year. You know, all of sudden there is a big drop in price, and you think it might keep going down (major correction), and you sell, just to see it recover. VV does an excellent job of evaluating the overall market on a daily basis, and suggesting how best to take advantage of it (Buy, Hold, Short, or stay in cash).
Here is their latest strategy (from yesterday's action):
"Hawkish remarks from a Fed official torpedoed a modest rally today. However, the Price of the VVC still managed to make a small gain. With a C/Up situation:Prudent Investors may buy high VST, "B" rated stocks.Aggressive Investors and Traders should play the market to the upside.For those of you who are "Riding the Wave", we are long with stocks from the "Rising Business Sectors" strategy which is located in Delta Searches-Stocks."
What I realize is that this service is computer based. They, for instance, are not aware of new products in the pipeline, new aquisitions, pending court decisions, news-worthy items, things you have to be aware of to keep on the right side of the pps. Also, they are based on what happened yesterday, not what might happen today, so there is delay there you have to be aware of.
However, if the price of oil goes up, OXY (or any oil refiner) should make a larger margin of profit, and should show increased earnings per share. With P/E ratio normally in the 7 to 8 range (but I have seen it as high as 10 or 11, and that is a sure sell signal for OXY), increased profits would mean a lower P/E ratio, which should lead the way to higher pps because of larger buying by the public, as well as increased institutional buying (Institutions think pretty highly of OXY).
In a market where oil is not well thought of because of their position, you also have to be aware that public views can have a negative impact on the price on a temporary basis.
Everytime I think the price of oil is high, I compute what it costs to buy bottled water in the 8 to 12 oz size!
Like you mentioned, I'm confused also, and holding this long on margin is something not to be taken lightly. However, I'm going to stick with my current plan, and not consider selling before the end of the month unless we hit $55 to $57/share. Then, depending on overall feelings, will either sell off the marginable portion of shares that I have, or, all of it.
Normally, it's hard to get through a month without some sort of BOOST in price due to market conditions or news.
I'll be rooting for your puts to head the other way as soon as I convert back to cash!
We love you too, retired, and can appreciate your good feelings towards GZFX. I was a little concerned when you took a mini-vacation from the board after some complaints about personal attacks, but I was glad to see you back today.
Then, you start making comments about other posters. I couldn't believe it. Wick laid it out so simply.......talk about the stock not about other people.
I'm not talking about you, I'm just reinforcing what Wick said earlier.....there is no need to respond to any message saying someone is bad, or someone does this, or someone sent me that. You have gotten to the point in life where you have a few bucks to invest, and I think this should be your happy time. I just couldn't believe it when you started talking about other posters again, that is what created the problem in the first place.
I have respect for your willingness to stand behind GZFX no matter what, that is good. I want you to make money on GZFX, and I feel that as members of this board we can help each other through the bad times, and laugh it up and pat ourselves on the back during the good times.
It is not my place to even write a message like this, except I respect you, and want you happy on this board. I won't write to you like this again, but know you can take yourself outside of a confrontation, and try to look at posts that might upset you, like the educated gentleman that you are.
Here is to all of us making a few bucks real soon on GZFX!
OT: Sirius - I'm heavy into OXY right now, MRO is another good one. GZFX content: It is amazing the strength GZFX has had at holding the .0044 & .0045 price points, I really thought it might have touched a bit lower after the Q. I guess when the MM's are ready for it to happen, it will, then BAM!, down 5, and then up a quick 15 points! Don't blink when it happens.
Ha, it is hoping, and not hopping if you are hoping for a train and not hopping a train. Ha, ha, you gotta love it!
Plash, thanks for spelling that out for me. Two or three times this summer, I pulled the plug on OXY, scared to death of the market recession (everyone is talking about) because of a quick price drop, only to miss the recovery and lose thousands of dollars, and get caught on the wrong side of the pps.
Shortly thereafter, I tried out "Vector Vest" a service that has an outstanding record for rating stocks and forecasting overall market conditions. Just "Google" VectorVest for more information if you're interested. No stock advisory is perfect, but so far, it has given me the guidance that gave me the guts to go long + heavy (for me) into Margin. I told myself (in trying to avoid premature selling) that I would give it to the end of the month, or a price of $57 (or maybe $55 if things start to seem a little shaky), so once again, only time will tell.
Just like the Optionetricks??? you referred to (which seems so far above me at this point), professional guidance is almost necessary to play the market long term.
I appreciate your guidance, and I hope that soon, we can both find a way to make money (in any stock, actually) by approaching the investment in the same intelligent, focused manner, and then be able to pat each other on the back afterwards!
Thanks again for the insights.
So many differing points of view.....The problems I have run into previously is assuming that something that happened before in the stock market will happen again. The reality of limited supply and increasing crude prices have to be considered when confronted with growing demands. Supply, Demand, Possible interruption of supply due to world events, both politics and hurricanes..............keep me long, for now. Here's one of the latest I have read (space permitting):
This story is from news.com.au network Source: AAP
-------------------------------------------------
Oil prices on rise till 2010: expert
By Rebecca Keenan
August 21, 2006
THE price of oil would continue to rise until world oil production peaks in 2010 with any weather or political disruption able to cause a spike in price, an oil expert said today.
The London-based editor of Petroleum Review, published by the UK's Energy Institute, Chris Skrebowski said in Perth that world production would peak about 94 million barrels of oil per day, up from present levels of between 85 million barrels and 86 million barrels per day.
The global community needed to develop new fuels or technologies by the time production peaks or there could be a disruption, he said.
"The sooner we can start mitigating the effect the better," he said.
"We have left it pretty late already."
He said while the disruption would not be on the same scale as the oil crises of the 1970s, the decline in oil could have uncomfortable side effects.
The rising oil price has translated to escalating petrol prices, but he said for petrol to reach $2 a litre in Australia, the oil price would need to soar up to $US120 a barrel.
Oil is trading about $US71 a barrel.
"It's pretty improbable it will get that high," Mr Skrebowski said.
"What we can say is the chance of petrol going down is very slight."
He predicted the oil price could reach up to $US90 a barrel by the end of the year, but this could be pushed higher on supply concerns, including if the conflict in the Middle East flared up again.
"I don't think it will go below $US70 (a barrel) and could test up to $US90," he said.
The northern hemisphere would soon be heading into winter and this traditionally pushed prices higher, he said, but a severe winter would see prices spike as energy consumption for heating soared.
"All the risks are on the downside in terms of supply, which means all the risks are on the upside in terms of price," he said.
Very interesting! Thanks! I did not realize it moved dollar for dollar! So instead of having to pay $51 +/- per share, you paid $4.30/share (after split), and can make the same gain as someone shorting the stock if the price moves your way! Wow! I have to read up on options, as the total understanding of the concept is not easily grasped and understood by a newcomer (me).
Since I am long right now, with a good portion of my day trading portfolio invested in OXY, PLUS an additional $46+K in margin, I have to say I am relieved that the pps went up by $1 today, even though it did not help your options at all. If it just does get up to $55/ I'll take some profit, and start pulling for it to drop down to $49 so that you can sell those options at a good profit! If it does make it to $55, and then stumbles just a bit, I'll short it for a dollar or two, and that (theoretically) would be a move toward helping you to your short term goal also.
I wasn't going to buy until the price dropped more, but then Ray I. told me to be sure to buy right after the split, and then 1/2 of the BP Alaska pipeline closed, and I jumped in full tilt.
[Just kidding about Ray I. : ^ ) ]
Hey, have a good weekend, Plash!!!!!
Steve Nix
Does anyone feel that they are back in 6th grade???? I laugh openly here at work every now and then, and the office across the hall can't imagine what I could be laughing at! I have to be more business-like, I am a professional. : ^ ) Time to get back to work!
Hope, Wish, Dream. 30K subs average by the end of the last quarter would qualify as "all the above". I would be happy with 20K subs, average, in the last quarter of the year, and depending on how management executes their plans, is not entirely out of reach. PPS at .0125 by that time would also make me happy. In fact, if we can hit my buy-in price of .0039 anytime soon, that would make me VERY happy!
Frankie, you're right....we need numbers! BUYERS. I think we'll see more buyers when one of these supposed "great things" are announced. 8 million traded, a laugh. 50 million, a start. More than 100,000,000 we will definitely see some upwards price movement. You said a billion, well, I think that only happened once, didn't it? If it happens again, that would signal an increase of pps of 100% to 200%. It can happen.
OK, 20 Options to sell rights at $55/share by Nov 6. Does that mean you will profit if the price of OXY goes down, because you have the rights to sell at $55? If you bought at when the share price was $52 the price goes down to $49, the Option price to sell at $55 would go up, right? And if it did someone would be willing to pay you a higher price for the options than what you paid, right? Or do I have that backwards?????
Plash - Good information. Your chart interpretation is appreciated. I really would like to see oil move up a bit, and feel that it should only be a matter of time (less than 30 days) before it does.
I have only a very small knowledge of options. By saying: "I bought some NOV 06 $110 puts (OXYWB)@ $8.60.", does that mean you purchased the rights to sell OXY at $55 (after split, and with the option going to 200 shares) by Nov 6th by paying $860 (pre split) in advance for each 100 shares you optioned (being adjusted to 200 after the split)?
In any event, thanks for contributing. I would really like to get more people interested in making some money with OXY getting involved here.
Yeah, I hope we are OK for awhile. However, it will take an announcement that excites enough people globally to substantially move this stock price upwards. Well, it at least would take a MAJOR buyer, or MAJOR numbers of NEW buyers to move this stock pps. So, maybe the secret announcement is right around the corner???? I have my finger on the trigger to buy back in under .0040, or upon any large daily movement coinciding with news or PR.
Yes Xanadu, but the value of the cash, the receivables, and the cd all came from issuing and selling additional stock, not from profits, since there were/are/will be (this year anyway........maybe next year????) no profits. However, I concede to what I think your point was.........because of these liquid assets, it might be possible to take care of bills and salaries without more issuing and selling and duluting of stock value. That was your point, right?
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Xanadu said: SteveNix, we have cash, receiveables, a cd we can draw on.
Sweet, sweet, sweet, the 2:1 stock split is a done deal, and unlike what often happens after a split, pps is up nicely so far today. This stock is now easier (cheaper per share price) for anyone to buy, and I feel this was a great move.
It's also nice to own 2,000 instead of 1,000 shares! Every penny move is worth $20, each .10 is worth $200, and each $1.00 is worth $2,000.
I'm hoping for it to touch $58/share sometime this month. If it hits, some profit taking is in order!
There HAS to be dilution until the company makes a profit. That is the only way the bills are paid. The 2 choices are: Borrow the money and go into debt, or sell shares and have the stockholders go into debt (dilution of their share value). In any event, the bills must be paid (Oh, and the salaries, also!) or the company is out of business, and if that happens, your GZFX stock investment just went to a value of .0000
Volume today seems just a tad weak, considering that $38,000+/- could have bought every share traded from 9:30 am until 2:40 pm. It's almost a joke, isn't it? Excitement is just ahead, though, you can bet on it. Some wonderful things that I can't tell you about, however, are about ready to ROCK the world of anyone that ever watches DVDs.........JK..... : ^ )
Itrade...I agree completely on subscriber numbers being the most important single item that is necessary in order to get to profitability. My statement was only making one point: with the number of A/S available, management does not have to concern themselves with having to borrow money to pay the bills. I also agree a nationwide bus trip is not the answer, but I bet it does help the awareness issue.
There is no alternative to A/S being where they are. This takes care of paying the bills until the bills can be paid with profits, sometime in the future. The concern should mainly be with providing the best rental/sale choices and backing it up with customer service. New Distribution Centers are a big step in the right direction.
Next Q too hard; maybe .0039 by this Thursday, .0034 by this Friday. That is my original buy in point (.0034), and I'll probably have to do it again!
Really, I think if it gets to .0039 it will be a good enough buy that we'll get some good buying volume, and an increase in share price.
Only time will tell!
Decent volume today...can any Level II readers tell if it was from some dumping, or possibly active buying?
How many shares? Bad Idea. Half the respones would probably be bogus, the guys that really do own several million shares probably would like to keep that to themselves.
Break Even point??? It depends on subscribers. If we have less than 20,000 subs, I do not see how GZFX could be anywhere close to Break Even. Netflix just said in their latest report that the cost per new subscriber was estimated at $44 per subscriber, which is pretty expensive if you can't keep subs onboard.
NetFlix increased their subscriber base by 303,000 new subscribers, but were disappointed in their churn and cancellation rate. Holy cow, if NF increased by 303,000 subs, and has close to 5 MILLION subs, it is a sorry state if we can't get up to 20,000 subs after hooking up with CC.
I guess you have to keep up to cutting edge developments, but from day ONE I have said that SUBS are the answer, and GZFX has to develop those numbers before trying to be an entry level provider of every new idea that crosses their path.
I believe that this Quarter's report could be less than stellar.
gzfxfan...we were referring to the increased cost of paying .0001 more for 440,000 shares, not the cost of the brokerage fees.