is... a buy and hold investor of dividend US and Canadian stocks
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what I meant was, the chart is misleading. The logarithmic scale is over emphasizing the upward movement of the stock prior to 6 mo. ago. It does not distort the last 6 mo much, but compare with the chart below. I went to StockCharts to print an example of a real chart, then I realized that this chart was from Stockcharts!!! SO I used Bigcharts:
Now we get a true picture of where the stock is at. It looks like a downward-pointing ">", which would indicate it is about to collapse down. But.. the RSI indicates OverSold.. so I am not sure what to make of it. Looking at history, when the RSI was in this territory it always recovered. I would put my faith in the RSI at this point, thus my prediction is it going to recover...
I just think that this chart is far better than the one in the ibox, which is from Stockcharts. Not blaming the person who put it there, just a comment.
I just noticed something bout the chart in the ibox. It uses a logarithmic scale. I am sure someone out there understands this, it;'s purpose, and thinks it is brilliant, but I don't. In this case it is hiding the downturn in this stock and overemphasizing the runup that occurred previously. What could the purpose of this possible be? I have never seen this kind of presentation anywhere else... call me a moron.. I am sure many of you will :)
well you must admit that it is a pretty cash-poor balance sheet. This reminds me of another time, the only time I saw more ST debt with hardly any cash than this. The company was Continental Home Healthcare. Prior to going bankrupt. It was plainly obvious they were in deep trouble.
I still have some shares... not sure if this can recover.
if I understand the quarterly report... they are screwed. They have tons of "Current" Liabilities. If that means due in Less Than 1 year... what so they have to pay them with? Answer: not much.
Not sure what "Related Party Payables" are, but does it matter?
They are making money, but anyone care to calculate how long it will take for them to take care of the liabilities?
seems to me they cannot pay their bills.
get them even cheaper now....
Seems as if this stock has taken a bit of a dive. In looking at the financials recently released, I can see why. Nothing like a bit of management turmoil as well.
The chart is exhibiting a downward-pointed ">" formation, indicating that it is about to take a s___. (Head down when the point of the ">" is reached.).
Given the timing of the next financials release (Jan?) and recent events (the Dubai thing) I think this stock is an excellent January effect play. Nothing substantive will happen for the rest of this year. Look to buy back in right around Dec 20, hopefully after it takes a s___. Should pop right back up in Jan..
Just my .02... er.. 1.58.
does this post make sense? you said:
Now that their revenue is where they want it to be, they can focus on profit and they know their PPS will go back down
I am sure you meant something else.
anyway... I agree that based on a P/E one can say this PPS should be higher, but it isn't. that is the bottom line... and earnings growth will slow, according to their own statements..
besides that, because it is a software company with the short product life cycles being what they are... it could collapse anytime, especially if anything scammy is proven.. and what is this recession ends.. ? their product becomes mush less attractive.
it is a flash in the pan..
This company sucks. In the software business having no debt is not a big deal. lots of s/w companies h ave no debt. does not matter. They have stated themselves that their growth is slowing... Stock price is driven by earnings growth, not earnings.
I intend to buy pre-xmas and then take for a quick flip in January/ February,. Stocks like this go up on expectation then fall every time. No stability.
I did not say I knew nothing.. funny that when a guy tries to be humble he gets shot.. I picked ALIF.. like I pick all of my stocks.
According to THEM. Again, it is best to have a healthy skepticism of management... that figure is their figment..
that reply is bullshit. Mangement is always full of BS when it comes to unbiased reporting. You should know that.
P/E is much lower than reported because of the A/R issue.. as of yet unresolved.
your last statement is ridiculous... you are choosing to ignore a major problem.
btw, the regulator will not se ethis. There was some tlak about them being an auditor. History has shown that the regulator will trust management until the last moment. They do not taje it upon themselves to warn invesors, until it is too late.
As this problem grows with each earnings period, it becomes more of a time bomb.
I still have not looked at the chart today..
it is certainly goign to impact the .08.share, and the current Stock Price..
That improvement may be there, but the fact is that alot of the currently reported sales are on doubtful accounts. This is an issue that must be dealt with, and wen it does will adversely impact the financials, and also the stock price.
What he directly said was that as long as the company keeps on reporting lots of fat profits, this won't matter. Or he may be saying that all they hae to do is move sales from future years into current years (common accounting trickery) or maybe publish sales to dealers as full sales (also accoiunting trickery or some such thing. Any way you slice it, the post was intended to state that accounting properly for sales that are curently reported, where Revenue has been Recognized, and where that will have to be reversed, does not matter.
Not true. It matters huge.
so what is wrong with posting without necessarily having a deep knowledge of a stock? It is similar to doing an Estimate in Engineering (my field of work). It is entirely possible to present a Proposal to management with a degree of accuracy of 50% as a first estimate for evaluation, in fact it is commonly done.
I find on these forums that being positive coincides with knowing agreat deal with the stock. In some cases, being in love with it. Therefore, bashers routinely get challenged on their knowledge base. If they do not have the same level of knowledge, they are by definition wrong nd should not be posting.
Rubbish. You just do not like what I am saying... and I have not looked at the stock today yet.
Still incredibly stupid and naive (sp.). All of these numbers are based on the existing A/R turning into cash. If that does not happen... all of he future sales in the world will not absorb the hit.. especially if those sales are on a credit basis..
I am told that ALIF sells their games to telecom wireless companies. I have not done deep research on it. In that respect they are the same as a telecom supplier.. I know they are a games company. It is a bad business model nonetheless.
Contrarily.. I know of successful companies in the PC industry,. That is a stable business. The game is to get the favor of the hardware suppliers. When a PC is shipped it is shipped with all kinds of software on the "image" (what is on the hard drive). The user than activates the software and buys the license from the software company, not the PC maker... a different model.
I know that Rawnoc can be a little extreme in his views... but in this case he is sadly correct, and today's action confirms it. If there is one sector I would stay away from right now and for the foreseeable future it is telecom. Ever since the deregulation that occurred back around 1990, this sector has been a wasteland. Remember ma Bell? Well privatization is an experiment that has failed. What happened is that the network got vastly overbuilt leading up to Y2K and now no one is making any money. None of the telcos. It is very hard to differentiate a product simply because the services are all basically the same. Voice is voice, bandwidth is bandwidth. I am not an expert on ALIF, but I am told they sell to telcos. Bad business model. Telcos have no money and a good portion of this A/TR is likely noncollectable and will have to be written off.
Another thing.. ever hear about "vendor financing"? That is the term used for the widely used practice that occurred in the nineties when the networks were overbuilt, where the supplier (Nortel) would sell equipment to the telco... and rely on the telco to pay them base don the (Supposed) revenues from offering services riding on the network provided. Everybody did it. It was a disaster. This seems similar. Since when is a vendor like Nortel or anybody else capable of assessing business risk and acting like a bank? Hopelessly risky.
that is a really idiotic post. Hate to be so blunt, but of course A/R has to be collectible. Simple double-entry bookkeeping. This kind of thing (always keeping the sales pot full with more bullshit) has a way of catching up to a company. What about moving next years sales forward? Nortel did that. Now there is a telecom winner...
btw. If they write down the A/R the sales numbers have to go as well.. that is the other entry.
this stock is frustrating. I am jus tholding... but it seems to make all these promises without any real solid evidence. Even the last report was not all that great. Never seen so many promises... it hsould definitel ybe much higher though.
my initial feeling is this price wil be temporary based on the selloff from the 1.00 price. Just wondering. New price would be a result of the combined entity... unknown for some time.
with a name like "ambulance blues" what could you expect... some people prefer to voice their negativity on a board as part of their buying processs. Nothing wrong with that. All opinions should be welcome, as long as they are based on some facts. I have been known to do the same... (say it ain't so.. )
btw, I know nothing about this stock beyond financials and the chart. I know it is a good one... and I like the chart, that is how I make most of my choices.. lots of intuition.
I sold a long time ago at 1.50 (pre-R/S). Took my profit, sat back and watched. Actually I found thi sstock really interesting, as it captured alot of people' simaginations and hopes. Most other stocks were just a matter of analysis and were boring by comparison.
I lost a bit on restaurant 2, but still have most of my original winnings...
Tapcode is the shell compay that was created by and for the senior management as an escape plan from uWink after they successfully milked all of the investor's money out of it in the form of high salaries and the establishment of 3 (now 2 I think) restaurants that are of questionable value and food service quality that may someday serve as a testing ground for an as-of-yet unfinanced and unestablished software company based loosely on the software products of uWink, which are now in use at the restaurants, in a few Carlos and Chilis in some airport, and have no real customer base. In fact, last I read they were just getting round to creating promotional literature and hiring some company to sell the software. But, the management got away with their money, that is what counts...
oh.. and they threw the remaining shareholders some shares in TapCode and called them "spinoff" shares in order to give the illusion that they give a shit and likely to prevent lawsuits against them.
Your shares make good wallpaper in the bathroom and may have some other uses in that area of the house..
Any other questions?
RSI/MFI indicating nicely oversold... but is this thing worth the risk? Is it going to recover....
it definitely has a double hump...
actually, I think it is the vaunted Inverted Spinglefluke formation. if that is the case... Lookout!
2005 is hardly relevant for comparison...
Exactly. And you have proven my point. Your bullishness may cause a person to buy EGMI when it is up (greed, going for the homer), and to sell out of fear when it is down. And you can see those emotions in these boards.
In looking at the EGMI chart, it is the perfect chart for playing the ups and downs, if you had your emotional sh__ together. Basically doing the opposite of the above. It has dipped to 1.30 and even lower. I was in at 1.10 a while back and I have simply held.
I submit that this momentum did not make buying at 2.00 a rational decision. Kudos to the gentleman day trader who successfully bought t 2.00 and rode it to 2.20. But, I would not have done that. The numbers do not at present suggest that kind of play being a winner. Dangerous as h___.
GO EGMI GO. GOod run.
Totally agree. THere is no greater emotion than to make money in the market. No worse feeling than to lose it. Greed (wanting that elation) and fear (of loss) is also your worst enemy. Kind of a conundrum.... there is no answer exept to be cautious. My point: better to hold onto a position once taken if the stock starts to rise until you decide you have your ROI, than get out and stay out. regardless fo what else happens. If it goes the other way... take the loss like a man and have a few beers... or whatever else.
as for you... I suggest that while trading EGMI (TOU requirement met yet again) smoke alot.
I know././ but... don't you think that the emotional side of investing is critical? We are not machines and we do not always think rationally. I am sure we can all relate to this, but is something shoots up, there is an emotional tendency to want to buy in. Greed at work. Then.. if it falls. Fear takes over and you are worse off than if you had just held on to what you had. I am sure we have all done it.
For someone to make money playing momentum is pretty difficult for any stock, including EGMI (meeting the TOU requirement yet again!).
Do you not agree.. ?
I kind of have to agree with MikeDD here. The biggest problem in the software industry is that sales growth tends to be offset by costs, usually development (R&D) cost. It is partly becaue of the nature of software; it tends to be customized for the customer and as such costly. Each implementation is different. Also because the people involved are greedy and not the most business-minded people in the world.
In this case, the increase in sales has been almost totally offset by an increase in SG&A. I have to ask myself... why? It should not be that much. This is a product-focussed organization that does business on the internet. They don't really need a large sales force (which is where the cost would be), so where is the expense?
From the last 10Q:
"As is often the case where growth occurs rapidly the upfront expenses related to such growth has had a negative effect on second quarter earnings. However, management believes that the expenses incurred will contribute to greater profitability over the remaining quarters of 2009 and into the future.
During the second quarter of 2009 we accomplished the following:
- Installation of a new IT based phone system.
- Upgrading an automated accounting system to better handle billing and reporting.
- Programming integration with several key banks.
- Automating and staffing a larger customer service department.
- Solidifying additional merchant account relationships.
"
I AM SKEPTICAL. how much can a new phone system cost...
'nough said.
are you truying to imply that I go on and on about nothing at all and use lots of big words and fancy phraseology that add nothing to the understanding of my point?
if that is what you think... well... I guess it boils down to:
"don't take any (EGMI) wooden nickels"
I must make reference to the stock or else I am violating the TOU and my post might be deleted.
Seriously, my only point is that when a stock goes up on news like this it is hard to predict the top end, therefore I find miomentum trading, day-tradin, or otherwise very dangerous.
If someone has a small position, like hundreds of shares... then buy 10k shares at 2.00 because it goes up, they could screw themselves if it settles down. So why take the risk... all I am saying is that despite all of the rosy predictions on here, equities are very unpredictable.
Understandable?
I find it hard to predict much of anything in equity markets. I have seen lots of winners, but rarely have been able to capitalize on them. It seems that whenever I see the same set of conditions that produced a massive runup previously, I turn out to be wrong and end up kicking myself. For that reason, I really don't see how daytrading something like EGMI can work. I would rather hold for months on what seems like a reasonable bet, nased on criteria, analysis, etc.
For the most part, once news comes out like it did a few days ago, the duration of a trend is hard to predict, so why would you put massive funds into it? Usually I consider trading on news to be quite dangerous. You never know the size of the pop or how long it will hold.
In this regard, what I have seen recently with EGMI is quite rare these days. The only other way to make massive money over the last year has been by picking a bottom like in March, yet another dangerous game.
Like you say, what ever feels comfortable and you can be consistent at....
oohga oohga ooh ga cha-ka ooga ooga ooga cha-ka...
for any stock to have a stock price it must have some plan to make money in the foreseeable future. This stock was always built on hopes; first of a chain of restaurants that had a few winning strategies based on technology and innovation, then of software sales. the software sales thing was never clear to me, they never had the right personnel or structure. I never saw it as being real. The spinoff to Tapco was a formality, a recognition of what was already apparent. The only shares that may be worth anything someday would be the Tapco shares. These uWink restaurants are not intended to make money anymore. They may be intended to act as demo suites for the new company (Tapco), but I would think at best they would break-even. They don't have to report.. so no one knows how they are doing. At this point there is no story or profitable future potential to invest in.
Penny stocks, like ones worth real pennies are very alluring. They are so cheap and the profit potential is so great that it is easy to build a massive position. But the fees will be expensive, and usually they do exactly what Rawnoc just posted.. they die...
ones I find interesting right now? Don't bother with uWink..
- DDY - Canadian Venture, there is a software company on the move..
- OCE - Canadian Venture... leftover from the dot-com boom.. holding company could be worth something, I just don't know what their plan is now.
- BLP - Canadian Venture.. breaking even, no growth, real boring.. but the chart is jumping.
UWKI by comparison is totally dead.
i CAN'T BELIEVE IT... what a 1-day spike. Must be a day trader or two playing games... it is beyond me to even attempt to play with fire like this... lol.. rofl
they probably had no cash, so he said he would go out and buy some stock instead. That was an $18000 burger...
I have no idea why this is happening. Could it have something to do with news on the spin-off shares? I don't see the connection... anyway... I don't gamble on what I don't understand.. interesting though..