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Many of the pick six pick are not profitable in their most recent quarter for example emri.ob ($280K+ loss in Q105) and ekcs.ob (always los s money the last 4-5 quarters)
I didn't check all of entry but I think people should be able to regulate themselves...
Stan
The stock picking contest drawback...
what if the stock we pick goes up a lot between now and June 30th.. than the base will be already high (that was true for MDF and AOBO when Skillz include them in the VM index in January)
but anyway everyone will have the same problem so all in all it's all equal/fair... it only means luck will also play into this stock picking contest...
I'll submit mine on June 30th.. waiting the last moment.. finding VM stocks that has huge dips (or at least not on the rally to the top) near the June 30th... :) jk..
Good luck folks...
Stan
Len your WTC example definitely not insider trading IMO...
What happen if the terrorist actually shorted geenral market (QQQ, DIA, SPY) and many other big airline stocks before the crash... would it be considered insider trading...
The law is so grey .. I guess one lesson that I can give/learn is that if you are getting very excited on (hearing, seeing, or reading) an info then you might want to think twice (think about the potential conflict of interest)before you act on it.. (or even ask/email the SEC if you want to make sure it's ok)
Stan
Thanks Len for your opinion..
The MTWV case, I don't know if that's considered Insider Trading because none of them is prosecuted (innocence until proven guilty in the court of law)
Personally I think they aren't doing Insider trading, including the one who observe the situation and draw the conclusion...
The thin line (between guilty an innocence) will be whether the guy who observe actually ask the workers on what is going on? and if the employees is telling them that they are closing their doors... and they haven't made the news pubilc yet... that could be considered insider trading.. unless he waited till the news is disseminated which will cost him 90%+ of his MTWV portfolio... I think that's the guideline that I get when I was studying for the CFA... before studything , (just based on common sense), I thought it's okt o act on that info because it can be seen by the public what they are doing... and just by asking what's going on and get an explanation on what is already apparent to the public is not insider trading...
Apparently, only if you draw your own conclusion then it's not an insider trading...
-------------------------------------------------------
Going to your example... (which I think you are right)
"I find it hard to believe that is considered insider trading. By that logic if the planes had hit the WTC during trading hours and you were watching and you knew of a specific company in that building, you could not have sold it because you saw a plane hit the building on TV. Clearly, that would not be insider trading."
That will not be considered insider trading IMO... I don't have a solid argument to back your conclusion but I agree with you.. maybe that's considered public info (as it is on TV), and people around can observe the same thing.
but if one had seen the plane is going towards that direction (either he is on the plane or on the ground) and before it hits he asked people in the know (pilot or tower control or the terrorist themselves) and he was told that the plane will hit the WTC and then he went shorting the insurance company (or tip his family to do so) that insure the building then they might be guilty insider trading...
for what I can remember the closest thing that one can benefit from insider information that is still considered legal is if you observe the situation/information and you are in the public place (and not trespassing or illegally getting to the place where the situation is observed).
I think this is considered speculating, as you are bearing the risk that you are actually seeing/concluding the wrong thing.
That's what I remember.. and again JMHO...
Stan
Len: 0.0001%.. then it might be worthwile to take a chance... I wouldn't thuogh... not that desperate... yet... :)
Insider Trading, Case in point MTWV
Just a couple hours before Metawave post the news that they file bankruptcy.. a local shareholder passed the company HQ and see all/a lot of MTWV employees loading office furniture and computer/PC to their cars and he draw a conclusion that MTWV is closing their doors (I’m not sure if he ask the employee what is going on. That could be the difference probably if he was told that they are closing their doors)
After he sold his shares he posted in the yahoo message board on what he saw… he got hammered by so many posters saying that he will be reported to sec and will be prosecuted… but all he says is let those who has ears listen and they can do whatever they want with the info…
About 4pm (3 hours later0 the news is out.. chapter 11 (though they still has 20M+ in cash and no debt) and stock become worthless…
The guy become the hero.. one by one people who heard him and follow him to sell were thanking him…
Does any of them conduct insider trading? How about the guy?
As far as I know they are all doing fine and not prosecuted by the SEC
The rest of the people who doesn’t want to believe (including me) got wiped out…
Insider trading: Observation and drawing conclusion on the observation is not insider trading..
For example if you see MCI Ceo and Verizon Ceo in the restaurant (public) shake hands together with a smile (or even if they mention the merger dealand you overheard them) then you conclude that they are doing merger then you buy the stock , that is ok IMO..
or if you are already making research and plan to buy (if you can prove it) and just one more piece of info (and you are just drawing conclusion and not insider tips), I think that's legal.. I don't remember what it is called.. I think something like jigsaw/puzzle effect...
bottom line is if you got a tip from other people then be careful... it's not worth it.. look at martha... though she is more popular now and make more money on books and tv series I bet she doesn't want to go to jail if she has the option to choose... Jail is not a fun place.. it would be intersting to se ehow many % of these insider traders who get caught?
anyone ever heard the statistics? is it 50%? 25%? 10%?
maybe it's low since people keep doing it..
JMHO
Stan
OT: Yield.. Basketball.. class of 1992…
You got that right.. Shaq was bypassed but if you are looking on a meritocracy, Laettner earned his spot, though he clearly didn’t lift up to the expectation in Barcelona. Shaq or Zo would definitely play better, but then again 1992 dream teram (the real dream team IMO) was never meant to be big bully/muscle.. but rather poise and elegance (in MJ, Larry Bird, Magic Johnson), even the centers are Robinson and Ewing…
Laettner earned his spot by scoring a perfect game in the NCAA tournament (and secure a national championship with teammate Grant Hill, Bobby Hurley, Lang etc)
Scoring game high of 31 points, 10 for 10 from the field with 1 three point shot made and 10 for 10 from the line… I was upset with the decision to include him to the dream team but after that performance.. I couldn’t argue otherwise…. People might call it luck… but he basically scored a perfect game (which I never seen anyone else do a perfect game for 30pts+)… simply put…
Let’s hope Big shot Rob did his thing again… I’m sure they will guard him better these last 2 games.. then we actually will see if he’s the real thing..
If he win with Miami he will be the only player to win with 4 different team and the only active player with 7 championship…
If not moving to Miami .. win another one in spurs is fine by me too… I just enjoy the adrenaline rush that he gave to the whole team and the spectator especially in the fourth quarter… (surely a relief for Duncan who was about to be the scapegoat of game 5 should they lost it. And Rasheed is then the scapegoat for game 5)
Horry’s left handed dunk in the Game 5 overtime is spectacular too.. he jumps far away behind the baseline…. Very extended… slam dunk contest worthy…
http://sports.yahoo.com/nba/photo?slug=dtp12706200435.nba_finals_dtp127&prov=AP
game winning shot
http://sports.yahoo.com/nba/photo?slug=dtp12906200441.nba_finals_dtp129&prov=AP
Everyone... enjoy tonight’s game.. take a break from your regular activities.. (provided you like basketball)
Stan
Top 10 NCAA tournament history/moment
http://msn.foxsports.com/cbk/story/3480180
Horry. Sorry posting non VM related messages..
I'm a big (probably the bigegst) fan of Horry (Also Zo Mourning and Harold Miner, as Shaq cards are too expensive, and Laetner cards are hot among girls) since he is drafted by the rockets in 1992... I collected basketball cards back then. It doesn't seem to make sense now (waste of money IMO) but at that point of time it was fun/enjoyable..
Big Rob... Big game.... big defense.. big block shots (he was number 2 in block shot in rockets on first year with Rockets, 79 by all star weekend if I remember the stats correctly)...... and definitely big shot... as clutch as Jordan and Reggie Miller..
Sanbagging is an understatement... he sleeps throughout the first 3 quarters... the 3pt shot he made in the last second of the Q3 must be mistaken.. he must have thought it's already Q4....
Game 5 certainly his best game of his career..
Hopefully the spurs can end it tonight...
Enjoy the game tonight folks...
Stan
Horry to go to Miami next year to ebe reunited with class of 1992 (Shaq, Zo and Laettner)??
And len thanks for the reminder/sending me the PM...
Len, Wade and Skillz learning the hard way is sometime the only things that works...
People are stubborn.. and they think they are smart and can beat the system and be ahead of everyone (I was like that too)
I remember that I didn't listen to my mom when she told me something.. for example.. not to play with fire/fireworks/bonfire... and you know kids.. they are curious and naughty and one time I got burnt a little bit then I stop playing with fire...
I remember my Security Analyst class professor told me that the stocks I'm holding is risky (one of them is Global Crossing).. and he himself only invest in blue chip and mutual fund... (maybe because she knows too much and too afraid of the risk)...
Even until today I still feel and wonder that I got cheated on my Global Crossing investment .. cheated by the management.. when they file bankruptcy they still have almost $2B in cash... and 6 weeks prior to the filing the CEO said there is no bankruptcy in Global Crossing future (which I was told later on that it takes at least 6 weeks or more to proceed with bankruptcy (thinking about it, fiilng the forms, gathering the data etc)...
I still wonder what if.. what if the management aren't crooks.. will the business works... George Gilder thinks so.. no glut in dark fiber he said... I'm still waiting for the killer ap he was talking 6-7 years ago... (but I'm no longer Global Crossing Shareholder no more)
but my main point is.. reading other people experience sometime is not enough... we often beg to differ until we realyl hits them.. that's why people always talk about experience.. (in job search, dating, life , so on so forth)...
Experience is often the best learning tool... even if it have to be the hard way...
Cheers,
Stan
SSKILLZ you're so young. I envy you...
You started investing early so you should do fine in the long run...
I also started early but i mande a lot of mistake before including putting my eggs in one or two baskets only and getting wiped out by those stocks like Global crossing, Metawave...
All the best Skillz.. you are on the right track...
Stan
RZ congrats on PYOL.. I missed the boat on PYOL...
I think too much and not fast enough on action and making decision...
Any thoughts at $3.50? still cheap?
The new guy seems to be a good businessman/entrepreneur
RZ congrats on PYOL.. I missed the boat on PYOL...
I think too much and not fast enough on action...
Any thoughts at $3.50?
I hear you Bob on selling too early… it’s definitely painful losing opportunities…
it’s nice to be able to get in or out on every top and bottom of each period.. but if we know it should still worth more (though the margin of safety is reduced as the stock goes up when fundamental stays the same) then it’s probably worth it to hold…
I thought you are purely a trader but I know you hold MDF and TGA for a very long time (though you buy and sell part of it in the process as it goes up as multiple bagger but you still hold a core portion of the shares that you considered still undervalued)
Congrats on the recent rally for TGA and MDF…
Stan
Bull MDF then it's no point for voting on the shares though...
I wonder why they go through the hassle to call us to remind on the voting deadline... maybe you are right.. they are just trying to be nice...
Good to see you here bull..
So what do you vote bull?
Stan
PE (trailing and future) doesn't always work... especially in the short term... (and in the long run/term holding I think it will work)..
If PE is the only factor, I would probably should all my MDF and spread the proceed to buy/add more EGY, SWTX, PDGE, AOBO, and AWRCF (the ones that I know with low PE and somewhat sustainable earning)
nvesting is really confusing sometimes.. those stocks I mentioned above really confuses me too.. though I don't hold them now, I am surely confused and curious why their price is at what it is today.. the only explanation that I can give is that it will eventually go up (just imbalance of supply and demand now, with private placement and no-name bb stock)... or our accessment that the future is bright for those companies is wrong...
Stan
Nuts 145% return in less than 1 year.. that is awesome especially knowing that your portfolio is well diversified with 15-20 stocks and with continuous rebalancing (145% might be easier if you have hold only 2 or 3 stocks at a time but it's a lot riskier too)
margin definitely helps magnify the return or loss...
I left margin a couple years ago.. I got burned using margin...
The only time I used margin now is if I have to borrow for 1 or 2 weeks (4 weeks tops) waiting for my salary to arrive or waiting for some other stock that I sell to clear...
Congrats buddy nutsaboutgolf.. seems you have find a winning system...
hope this bull market last a bit longer...Stan
Niles you said..
"I don't really look at my portfolio as a series of trades in process, and am primarily concerned whether the whole ship is going up or down."
and
"Of course, there's the alternative to "averaging down" of "getting out and getting back in later". I do that a lot"
--------------------------
That is good strategy too... the bottom line is indeed whether the whole ship is sinking or not...
about getting out and getting back in.. I almost never do that at least initially when I sell I never think I will buy it back at lower price unless the stock is getting ahead of itself (which in that case the stock is going up and not down)
With these discussion today , we can see though we are all similar in the value microcap way and our good capability in due diligence.. the way we trade.. buy.. sell.. average up... average down... doubling down.. selling early.. selling late... never sell... the timing...(and so on so forth) are different from one another which will make our returns differe from each other even though we are playing the same stock...
Is there one strategy as the ultimate strategy?
Or is it always going to be the one with the best chance to have the most gain is always the riskiest strategy ?
Or is there a best risk-adjusted return strategy regarding those attributes I mentioned above (buy sell etc)?
Stan
MDF: I am also tempted to vote for no for those 2 options plan... though I feel that Earley and co deserve that.. and they will definitely deserve that if the HMO is successful...
I don't know how I'm going to vote it...
do you think the company what we will vote.. will individual vote be secret...
I will vote tomorrow... I'll think about it and make a decision tonight...
What are others going to vote...
what will happen if they didn't get the options plan approved? is that mean they will get no options at all?
is there any previous option plan out there?
Stan
OTC...
I think you see that selling is harder because the end is open ended while buying point is a close end (will be closed by your selling action).. when you sell your action is done but there is consequences afterwards.. open ending.. whether the stock went up again or drop.. if it dropped of course we will feel relieved and think we did the right thing.. and if the stock goes up 1000% after we sell.. even it's 2 years afterwards we will talk about it.. and regret to some degree.. I often heard the word "I wish I had...." done this or not done this or that....
I feel the same way about being afraid to pay too much but mostly thinking that the trader might have raised the price short term and wait for the pullback to add (which sometime never happen and the stock never looks back). another reason that I mentioned earlier is due to psychological , feeling thrifty, not a good deal now.. I paid $1 yesterday and have many more chance to add, why shoud I pay $2 next week. Peter Lynch said that this happens for a lot of people... we then look for other deals out there though adding stocks that we already have could often be the best decision...
so for those who often average up and finding no difficulty to do that... congratulation.. it's not easy to do..
Stan
Thrifty and frugal is good IMO... not many people can be thrifty and frugal.. mostly they spend what they don't even have yet.... that's trouble with a capital t IMO
MSGI you are right that stock doesn't always go up even when earning is up and PE is low.. especiall with microcap stock.. it can be true (as you pointed out some example like SWTX, and probably true also for PDGE)...
I think in the end (if we are patient enough and have time) the price will match their performance... either teh stock has to go up or the company will staryt using the reatined earnings to pay dividend or buy back shares...
if the stock didn't go up for now it's probably investing public is not so optimistic on the sustainability of those earnings..
case in point on SWTX.. I think they are worrying on the fast increase in revenue (which is good) but dropping profit margin significantly on several line of their products... that worries a lot of people... I'm picking SWTX as an example..
but if you know for sure or have strong feeling due to your DD that earning and profit margin is sustainable (not even talking about growth in profit) then SWTX and PDGE is definitely a good buy (I am not familiar with te other stock you mentioned)
but in the long run the stock price will 100% reflect the performance of the company... the discrepancy in the short term is a blessing for us the bargain hunters... who are lurking around looking for the best deal out there..
Stan
Selling.. I think the key is to be consistent...
there's no way we are going to be perfect...
as long as we are consistent plus backed by the good buying point/strategy, overall we will be fine...
if we continue to sell early then it's ok.. some could have gone higher.. and some we could avoid huge lossess... (then it cancel out each other , the buying point will be the cruscial part which I assume most of us feel very comfortable with making buying decision)
and if we tend to sell late then they will cancel out each other too.. some you will sell at high bagger and some you will sell at loss...
the interesting part is if you try to change strategy for each stock... you could end up average just like the 2 scenario above... or you could end up with a lot higher gain for guessing right which one to sell and which one to wait.. or you could end up just breaking even or loss some money...
so I htink it's all realtive.. some wall street writer said when t sell is the most important thing.. but I think they are all as equally as important... buying.. selling.. are the same of importance... so one have to master buying also to be successful...
stan
Wade, sometime you see once in a lifetime investment opportunity.. and when you find that you don't want to sell all of them... sell half at 100% gain may be acceptable IMO..
I usually also sell 20-50% after 90-100% increase but sometime I let it ride when I see that all indicaor shows that we should hold...
good investment is hard to come by... once you get it.. you might want to stick with it.. of course this only works for buy and hold strategy type of investors...
unless you plan to buy it back on the pullback (and risk the chance of missing the boat)
Any of you have trouble averaging up?
I actually have more trouble averaging up..
otherwise I would have make a lot more money on MDF... (and my other 5-10 bagger stocks)
most of the time I averaged down... and when it goes up above my original purchase price (or the price I am willing to pay) I stopped buying unless there's a significant change in fundamental.. the same way when averaging down.. I averaged down until there's a change in fundamental then I will stop buying (provided the fundamental worsen)
I know thatthe past is irrelevant, but the fact that I had buy a lot cheaper beforehand psychologically prevent me from being comfortable buying a lot more shares at higher price (of course if it's only 10-15% higher than it's not a big deal)
I think both argument can be made.. just like whether to be a buy and hold investor or be a short term holder...
btw.. selling is definitely an interesting topic.. I believe more than 50% of good investors still doesn't master the art of selling.. (while they are already good at buying). including myself
Stan
RMIWA you must have a lot of MDF shares to get a reminder call...
so what are you going to vote? about the Omnibus stock option plan and the other stock option compensation plan...
Do you know if MDF who called or your broker?
Is your shares listed under street name?
Stan
deathtotax 300 MDF shareholders sounds small indeed... what you said that makes perfect sense... I understand the concept of stock under street name etc... I didn't make the connection that they can't itemize each person if it's under street name...
NGMC: Thanks Bob.. 'hiding' bad debt is not a good reflection of solid and honest management...
It'll be interesting how it goes.. profit has been tanking each quarter... I doubt that they can continue to be profitable in 2005 onwards.... Sales increase is no good if they can't be profitable... the CEO motto seems to be it takes money to make money... we'll see if that bear any fruit...
you can't survive by giving $2 bill for $1 bill (though not as extreme)..
Sorry to hear that you didn't find the meeting...I hope it didn't ruin your trip... private meeting.. sounds shady to me for not registering the meeting..
PYOL buyer Herman. Pet project...
Looking at Herman's money in SNR more than 2M shares at $11 each.. (he's still director or chairman there in SNR).. SNR seems to be expensive by the way...
buying PYOL for $3-$4M is like a pet project for him
but I hope he is serious about this business and will hopefully be successful.. he might be looking for a challenge too in PYOL...
I don't own it for now (as I usually don't like oil stock though Cramer likes it a lot) but since RZ mention about it I have been monitoring it...
definitely an interesting transaction for Mr Herman... and very puzzling...
I think Mike made a good decision Bob. (to limit the phone call and/or stick to the facts only). I was about to tell him that but at the same time I like his being accomodative and available for me/us.
I hope he's not talking about me (when he said about some folks posting untrue information). I don't think I ever did that bu we'll see... I'll try to find out from him next time I talk to him. I have some stuff in mind that I want to ask him but haven't got a chance too. I am too mbusy myself in the last couple weeks...
I am also not going to this year Annual meeting.. maybe next year.. Bob I think our holdings in MDF justify to take a couple days off and fly there (get a cheap ticket in advance and cheap motel).. I went there a while back and it's nice city...
I agree that it shouldn't impact investing decision.. but more of like having fun and experience your investment...
If I rememebr correctly, you mentioned that you went to NGMC annual meeting last year or two years ago. The company told me they have the meeting in the Mirage or MGM Las Vegas in December or January and that it went fine and good discussion with shareholder and good turnout too. I can't believe such a small company have 800 shareholders (listed in 2 years ago 10K)compare to 300 MDF shareholders
I haven't heard if they have the meeting again ever since.
So how was the meeting? anything insightful? anything not good that makes you sell your position?
Stan
Thanks Bob on MDF. looks like the rally is done.. the last 2 days 2 big sellers are there.. yesterday 100K shares bloack after the market and today 60K shares block that drop the stock to $2.6 area...
The recent price action will probably will draw more shorts.. but I'd welcome them with open arms...
I start to have concern a bit on the options (when I read the newest stock option plan).. did you vote yes for all the proxy? I am tempted to vote no for the omnimbus compensation plan and the stock option plan... but not sure what the consequences is if those compenastion proposal doesn't get approved by majority shareholder...
I agree that Mike is smart so he will/should be able to spread the cost so not to have some negative earning and therefore lightening up the cost in Q4 and Q1 and increase it again in Q206 if necessary... I hope you are right Bob that the analyst is conservative.. I started to be able to visualize how the analyst come up with that number... heck.. if MDF makes $1.5M each quarter while ramping up HMO (with all those crazy start-up cost) I'd be happy... They used to make only $1-$1.5M in Q2 and Q3 anyway when I initially buy the stock 2 years ago...
But for some reason I feel very confident in this company.. besides all the DD shows so, it also feels right...
Are you going to the sahrehodler meeting next week?
Anyone going?
Stan
PYOL: Anyone has any idea what's going on?
Why the owner sell the business?
and why sell only at $2.5?
Is their oil reserve getting thin?
What is next? business as usual? just change of ownership?
any initial guess, which one will be a better manager? (is the new manager better? they mentioned that he's a seasoned telecom veteran. is telecom similar to oil/exploration?
RZ.. any thoughts... any plan to meet with the new management/owner and see what you think about them (and weather you are going to sell or hold)
any thoughts from others?
Sprry for the consecutive posts...
I didn't post much during the day so I still got my quote to post (I know I don't have to use it all up each day)
Stan
Oil $57+ yet market is up and oil stocks are down..
very very weird action today...
small oil company like CNR, BSIC and PYOL drop today..
but the last moth or two has been good for the market...
Oil should be below $50 for a nicer rally...
Anyone thinks Oil can drop (and stay) below $50 in the next 30-60 days...
Congrats on THK and XWG guys...
Very nice rebound...
Len.. there goes our $3 XWG wish... (it went the other way)...
otcbargain NGMC took a 20% dive you must be glad you have sold...
it was only small volume though...
Holding 30K AOBO at $1.3 and 5K AWRCF at below $2
Rawnoc and Worthy.. I'm with you on this one... I'm all in on this two stock too... AOBO as growth play (value at the same time) and AWRCF as balance sheet play.
I have been holding 30K shares AOBO for a year or so by now (and more than 2 years for AWRCF)... missed my chance to sell twice when it spike to $1.6 (then back to $1.2) and then up again $1.8 (after 2 consecutive good earnings), then dip to $1.3 and $1.1 on the one of the ugliest private placement that I have ever seen...
I didn't add any at $1.1 as I have no money left (been buying other stock), but lots of my cousins and friends (one of them have verified that AOBO nutraceutical product exists and somewhat works). I was worried on management honesty but I think the potential reward justifies the risks.. plus this is only a small portion of my portfolio...
AWRCF is a similar story in the way I didn't book profit when I can... I was about to add 5000 more shares when it dip to $3 from $4.65 but I didn't.. I probably woul dhave sold if I had known that worthy bought a lot of shares.. I erally believe that worthy actually drive the price to above $4.. way to go worthy .. you moved the market :) which is good for all of us...
Then the bad news came out... one time charge in bad debts... and potential shareholder dilution (secondary placement), but management is sane enough to wait till nasdaq or amex listing before the private placement... the only good thing that I can see is that how disgusted management with the current stock price (too low they said) and of course the $300M sales they predicted for the year was nice too... oh not to forget to mention that all the corrupt management has been fired... how about that for a peace of mind..
I don't know if I want to add any of this 2 stock now... I really like the balance sheet play on AWRCF but I felt that I don't understand their business (I think I understand) but the fact that they said they need to raise capital really puzzle me.. I look at the balance sheet and I look that those type of balance sheet doesn't need to raise capital.. if they need to raise capital .. IMO they are doing something wrong... maybe they are trying to grow too fast and they need to take a step back and try to think carefully first...
My brain told me to buy AWRCF now and stop buying other stock for a while.. (at least buy 5000 more shares) but my heart told me to wait... I can't imagine this go below $2... (which in that case the company won't issue PP and the option to acquire 50% of the company at $2.65 or so from the japanese company seems to be expensive too)
Any other thoughts on AWRCF and AOBO
Stan
MDF ask keeps going up.. I don’t have Level II.. I wonder how deep is the ask… at $2.7 or $2.73
Bob.. we’re in for the ride… any plan to trim your MDF holding in the short term (if it goes up to $2.8 or $3 in a month or so prior to Q2 earning result? )
Anyone else thinking about selling MDF now and buying it back later.
I really feel the stock might get ahead of itself but as the analyst pointed out that this might be just ok pricing today but it could be rewarding for investor (who can handle risk) and want to get in early….
I know the day will come when MDF will not look back and continue to trade at high PE (like mentioned in the report, PE of 25 or 27 for EOY 2005)
I think if hey can hold $2.6 or $2.7 for a week or so, this could be the new base. (until Q2 result is released)… I can’t believe they are only estimating $1.5M or below for each quarter for the rest of the year.. what do you guys think…? Anyone has different opinion with the analyst?
Stan
Len, right on the money on being Objective
I'm working on my CFA Charterholder designation and I learned that I need to be objective all the time (and not letting anything to cloud my judgement. not even a $1M bribe/soft-money)
We have our code of ethics and the standards of professional conduct that we need to adhere and they are very very strict (and sometimes overly ethical I must say).
By the way, I hope the oil price will go down.. $56 is too much.. OPEC needs to do something... Iraq needs to start pumping its oil again.. we want cheap gas and summer stock market rally...
Happy trading (and investing) today folks...
Stan
XWG. makes perfect sense Len.. 15 bagger in 1 year... there will be profit taking plus the new shorts..
XWG insider selling too at $8+...
but the business is growing.. the stock just gone ahead of itself... it will probably recover in the future...
and I can't blame profit takers either as 10 bagger is a good return and should be somewhat protected...
OT: MDF has shorts increase the last 2 months to 410K shares .. maybe there's a short squeeze today..
and 100K block traded after hours...
Len.. I really appreciate the support and your comment...
Stan
Thanks for the exmplanation deathtotax...
I guess silence is sometimes really golden... (at least in the Yahoo board)..
Thanks for keeping me in check...
Len.. you are just messing with me.. aren’t you? :)
I should have say similar instead of same or identical..
And DHB rally to $22 is fueled by the IBD folks… once they listed at $15 the stock rally and when they removed it as it crosses $15 (at the other direction) the stock tanks…
The insider (CEO) selling doesn’t help either…. It’s funny while he says they want to build a $1B company.. and start selling a lot before it reaches $1B…
That sounds like a pump and dump to me.. (
JMHO…
Why you don’t want to buy XWG at $3? It was a joke isn’t it?
4 more post to go for the day…