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Lemme guess. Sunning yourself on the beach?Like I said, at least it keeps you in shape.
Did you say higher? I blinked and all of a sudden kaboom. I was beginning to get depressed with the volume and sideway activity.
And tomorrow is another day...
Morning to you 2! Not much doing here in the last couple of days. Pretty much trading sideways. Hopefully it will head up again soon.
Link to GLUU presentation at Roth Capital Conference.
Very wothwhile:
http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c=207033&eventID=3827723
I was a bit lazy these last couple of days so I didn't post anything.
Gambit, I don't know anything about microtransactions. Maybe you can investigate this and post your conclusions? I would do it myself but all the duties of being a moderator here are quite time consuming so I'll have to give this task away.
Mammoth, the skiing was great. Because of the fact that I don't have the privilege of shovelling snow every day i'm not in such great shape and came back with a lot of aching muscles but the skiing was great. I went with my son and daughter (13 and 17) and it was just a great day. It was a bit hot but there was a lot of snow which was crusty from freezing at night but the ski slopes were pretty much empty so I could get in a lot of fast runs (maybe that's why i ache).
GLUU is looking good. I think today we'll get back above 4 and hopefully will not look back any more but I think I already said that once.
Y'all have a great day.
Man in Green
I just got back from a day of skiing. It was great. GLUU is holding up. Moving sideways on a day like today is a very good sign. When things settle down, this thing will fly.
It's all about japan.
We are probably going to see a bad day today here and with many other stocks. If the sp gets bodyslammed today and in the next few days it is all having to do with the situation in Japan and I'll try to explain why and how much.
Stock price has to do a lot with sentiment. When sentiemnt is high people will pay large mulitipliers on stocks and prices will be up. When sentiment is low the oposite happens.
Right now the sentiment is very low. A nuclear cloud is closing in on Tokyo and people there are beginning to panic. How dangerous is this cloud? Most people don't know but many Japanese are talkin Armeggedon. therefore the sentiment is very low and in times like this everybody wants there money close to them and not tied up in some flimsy stock or stock market.
From reading what some of the experts say the japan crisis is nowhere near Armeggedon. Not even Chernobil. They are talking about something similar to Three mile island in Pensilvania a number of years ago. But since the panic is high we are seeing the effect on the market and our stock.
My belief is that this will blow over. Only a question of when.
The question is when will things calm down and what is the impact on the Japanes economy. Japans economy was the third largest in the world. Right now they are still trying to stabilize their nuclear power plants. If this turns into a nuclear catastrophe it won't be pleasant. If it ends as it is now, the Japanese will start to rebuild and that they can do best in the world. The disaster may serve to fuel it's economy as many resources will be used to rebuild.
All this can start only if the nuclear plants are out of danger. Until then it'll a guess.
I've been wrong before and it might happen again.
things will have to settle down on the Japan front and the Kadaffi front (affecting oil prices). After that this thing is expected to resume it's upward direction. This is a $6+ stock. Just a question of when.
Pay attention to this part:
The delivery of the original Information Statement was delayed because the Company underestimated the costs of mailing the Information Statements to its shareholders. The cost issues have been resolved.
They don't have enough money for a couple of stamps. They will need to increase the AS to 4,000,000,000 to cover this unexpected cost.
I wish I could say LOL but it is more like COL (cry out loud)
Y'all come back next week. Let's hope it will be better than this one. In the mean time enjoy the weekend. Say anyone up for assistant moderator job? Now that we already have six board marks I think we should enlarge the staff. One is not enough. Maybe I'll start interviewing next week. The pay is not that great but think of all the respect you get.
Stock is hovering on low volume. When everything clears up we'll be up again. I just hope we live that long.
Gambit, it's all part of the global village concept. Everything is dependent on everyone. If there is unquiet in Libya and the people in Saudi Arabia think they can do the same, the west will not receive oil from Saudi Arabia and therefore oil prices will go up. High oil prices mean inflation in the US which is depend at on Saudi oil. inflation means less money to go around and therefore less money for things like smart phones among other and there is your connection to GLUU.
Japan is one of the largest economies in the world. If Japan gets hurt it affects many Japanese companies that are trading on the American markets and many American companies that do business with Japan. In a case like this a very simple example are the insurance companies that will have to fork over billions of dollars and most of these companies are international.
So all in all, like I said, everything is connected to everything else and therefore when someones farts on one side of the world on the other side they get nervous and one of there first actions is to sell stocks to make sure they have money in their pockets.
I hope my explanation is clear. I thisnk Ieven lost myself in a few places.
Everything is red. All because of Kadaffi. The US should bomb the hell out of him but then it will turn into another Iraq.
Looks like we're heading for another slow day. Mammoth maybe I should go skiing with you. I don't think I can do much good hanging around and watching GLUU go sideways.
Mammoth, have a heart. The answer should be I'll watch it until 8am and then i have to go visit my mother in law and do errands for her or work a doubleshift on the garbage truck or whatever. No mercy for those who are not near a ski course?
I wish you that your car will be snowed in and it will take all day to shovel it out or better yet that it won't be snowed in and all the snow is melted. Ha!
I'm not jealous at all. Skiing is cold and wet and crowded and expensive. I'll tell my mother in law you said hi...
Broke the trend, At least we can say that.
Are we there yet?
Re-re-re-ver-ver-ver Give me a hand please.
Impressive EOD. I think we are out of the woods and by end of week we will be above 5 w/o looking back.
But then again WTFDIK
He was not? He sold a garbage company to the public and then tried to manipulate the share price. See the highlighted below. You say the people who did the IPO are the guilty ones? As they say, if you sleep with dogs, don't be surprised when you wake up with fleas.
Be carefull here because you will get burned.
http://www.haaretz.com/print-edition/business/prosecutors-are-still-chasing-down-the-underwriters-who-handled-baumel-s-ipo-1.248530
Prosecutors are still chasing down the underwriters who handled Baumel's IPO
According to the prosecution, the underwriters told Baumel that because of the market's terrible condition, investors were likely to dump its stock after the initial public offering.
By Amit Benaroia
Manipulating share prices is a criminal offense. The stated policy of the prosecution's Tax and Economics Division is that stock manipulators should do hard time. But is it really necessary to grimly adhere to that principle 14 years after the event?
Baumel, a property and infrastructures construction company, offered shares to the public in 1994 and 1995. Those were bad years in the capital market. According to the prosecution, the underwriters told Baumel that because of the market's terrible condition, investors were likely to dump its stock after the initial public offering. Therefore, the underwriters advised, somebody had to act on Baumel's behalf and pick up the stock released onto the market, to shore up the share price during the first days of trading.
YLR Capital Markets held power of attorney to act in Baumel's account, which contained a million shekels. And the underwriters were proved right. Baumel floated, and when the anticipated supply arrived on the market, YLR, using Baumel's money, began massively buying up Baumel shares. Its action moderated the stock's losses in the first few days. The share price even posted slight gains.
The story came out and the prosecution bit down - on the underwriters. The charges include publishing false information in a prospectus, on the grounds that investors hadn't been advised of the plan to artificially shore up Baumel's share price.
The underwriters exploited Baumel's ignorance regarding flotation processes, says the prosecution. The underwriters concealed information from Baumel, and claimed that soaking up the shares was necessary to prevent the share price from tanking, which could stain the company's good name.
But the underwriters' real concern, quoth the indictment, was that if Baumel's stock dropped like a stone, the one whose good name would be stained was the underwriters.
Looking back, the Baumel IPO was one the sorriest in all of 1995. A year later, the company presented a loss of NIS 50 million, wiping out accrued profit. The loss shifted the company to a giant deficit in its shareholders' equity; Baumel shortly sank into receivership.
The mills of justice don't exactly grind at warp speed, but grind they do. In May 2006, Tel Aviv Magistrate's Court Judge Ziva Herman-Hadassi acquitted Discount Underwriting and its former managers, Israel Ephraimi and Meir Dellal, in the Baumel affair. YLR, Yosef Teicher and Meir Hadar were acquitted of some charges, but were convicted of fraud regarding Baumel's share price and obtaining benefits by deceitful means.
About publishing false information in the prospectus, Herman-Hadassi ruled that the evidence indicated that the plan to soak up Baumel shares had been concocted after the prospectus was published. The charge was thrown out.
It was not true that the underwriters had driven the Baumel managers to buy the shares for the greater good of Baumel itself, while their actual goal was their own greater good, the judge ruled.
She concluded that Baumel had not been deceived. They, especially CEO Mati Baumel, had been given all the pertinent information and reached an informed decision.
The Baumel people had struck an agreement with the defendants, the underwriters, knowing full well that they had a common goal: to keep the share price steady lest Baumel and the underwriters suffer. Today Dellal works at Analyst Underwriting, in which he owns a 35% stake. He's considered one of the capital market's more colorful characters and has an earthy manner of speaking. He had been at Leumi & Co. Underwriters until 2006, where he was considered a leading underwriter, and left with pay and bonuses worth NIS 8 million. Moving to Analyst, however, cost him prestige, relegating him to the backbenches of the underwriting world.
But his bigger problem is that in June 2006, prosecutor Rachel Tsirkin appealed to the District Court against the acquittal of Dellal, Ephraimi and Discount Israel Capital Markets and Investments (which had changed its name from Discount Underwriting). She thought they should be prosecuted for impelling Baumel to commit a crime and falsifying information in the prospectus, as well as manipulating the Baumel share price.
Tsirkin also appealed against the partial convictions and leniency Herman-Hadassi had shown.
There is no question that the prospectus had not been corrected after Baumel and the underwriters colluded to buy up the floating shares. Baumel and the underwriters continued to offer shares to the public based on a prospectus that did not mention their arrangement, Tsirkin wrote in her appeal. Her conclusion: They were guilty as sin, including of securities fraud.
As for the crime of solicitation, Tsirkin wrote, the fact that no charges had been pressed against Baumel's CEO didn't mean that Dellal, Ephraimi and Discount Capital Markets should be spared. In her opinion, the defendants had persuaded Baumel that it was necessary to buy up the floating shares, and demanded action. Baumel had no independent will in the matter, she concluded.
Tsirkin demands maximum jail time and fines, which is a rather unusual demand considering that nearly 14 years have passed since the whole thing went down. "Don't worry, nobody's going to jail," shrugged one of the defendant's lawyers.
Navot Tel-Tsur, representing Discount Underwriting, is incensed at the prosecution's behavior.
"This appeal is a last desperate attempt by the state to keep ahold of a case that began more than 13 years ago," he wrote in the defense submitted to court. "It seems that the accuser wants to appeal at any price. We ask the court to prevent it."
A source at the prosecution's Tax and Economics Division rebuts that white-collar cases take a long time, and when the courts show leniency, the sentences lose deterrent power. And there lies the prosecution's true beef: The court is blunting the teeth of deterrence.
By the way, as said, Tsirkin filed her appeal in June 2006. Nu, so when will it be heard? The court was supposed to convene on February 15 this year, but postponed to May 18. Then it postponed again, to early June. Then it postponed to an unknown date because of a death in the family of one of the judges. Now the summer break beckons. The courts spokeswoman says the new date is October 2. Stay tuned.
I sure wish it was last Friday...
Not looking too good. We got to hold the 4's. I thought we wee seeing the signs of a reversal but I guess iff I was that smart i would be managing a billion dollar trust fund and not some message board with 5 followers.
Lets stay positive. Many good things ahead for GLUU.
Trend change at EOD.
Get ready for lift-off. Tomorrow is the countdown. 5, 6 and who knows how much more. Selling has dried up and we're prime to continue our upward movement.
It means that they were delisted to the pinksheets and do not have to report their earnings anymore. And while you're looking into this you should know that the company is under caveat empore. If you value your money - don't touch!
The products they say they are selling are bogus and the owner, Maty Baumel, has already been prosecuted for stock infringements in the past.
Bladetrader, find me a place where I can get more data on these products besides a so called press release. Up to now the products the company says they are selling are a hoax. Find proof and then you can be sure.
Hi Ebo and welcome aboard. GLUU has had great momentum lately and does not seem to be letting up. Everytime it goes down a bit the next day it goes right up again and sets new highs. the mobile market is very hot. I read that there is an expectation that there will be over half a billion smart phones in the world. that means a lot of business to companies in this market. Gluu is a market leader in the Android market and therefore it's possibilities are endless. The price it is trading at is a joke and should be much much higher. There is also an option for a buyout. What will the price be then?
I believe the short term price is $10 and long term can be double or triple.
Well Gambit, let's see if you can be patient and wait until then. you picked a mediocre day but I believe it won't go below 4.50. Anyway good luck. Up to now it seems that you did quite well.
Well if both of you had sell orders in that leaves me here all alone again. I'm gonna ride this thing up to $10 and it ain't gonna take long. You just watch me!
hey Gambit, our strategy worked. Lucky thing that I spotted you those $$$ yesterday. You can now give em back. And hey, I'll drop the interest. what do you say?
ain't this stock a beauty?
A bunch of stop losses being taken out. We need to hold out above 4.
Hey mamoth and gambit, What do you say we each throw a couple million $$ at this stock and walk it up. The market will follow after us and we can make some big bucks.
we got 100 lurkers here also who are afraid to expose themselves. LOL I look at the boards of some of these BS penny stocks that have no volume and they have hundreds of boardmarks while we are so lonely.
But we are making money$$$$$$$$$$$$$$
Yeah gambit, singlehandedly we carried this board. Looking around you see more and more smartphones and many with Android. The potential here is huge. It seems that the higher we go the climb gets easier. I'll see you at $10.
Good buy. Actually I mean hello. You're already in green. GLUU has a ton of porential with it's ability to cater to the Android platform which I predict will shoot through the skies. There's a good opertunity for a buyout here and it won't be cheap.
Good luck.
Glu Mobile and Augme Show Best Investment Opportunities Come Just After Financing
http://seekingalpha.com/article/254002-glu-mobile-and-augme-show-best-investment-opportunities-come-just-after-financing?source=yahoo
Then go ahead and invest and lose your money. Do you see anything good coming out of this stock?
I have the same feeling that it will hit 5 this week and 6 in the near future. Afterwards a hovering period and then a minor pullback and afterwards $10 is not unthinkable.
The stock is always fluctuating so a sale at a peak can always be followed by a buy at a lower price. It's always a good idea to take some money home especially if it's profit.
Good luck. Whatever you do, be right.
GLUU at 4.11. should I say more?
above $4. it's about time! Now let's see where she can go.
why is ther nobody here on the board? I see junk stocks with now volume with lots of followers and many posters and here nothing?
At least we got another board mark today. we're up to 5.
if there is anybody out there, please say hello. nobody will bite ya'. LOL