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TSL..at 8.52 this is the first tradeable, technical level I've seen since the big drop...TSL ipo'd on Dec. 18, 2006 at 9.25 (adjusted for split), then dipped to 8.52 in Jan. '07.
I'm going to play this level for a bounce because it is a pretty clear technical level and a slightly mega inverted head and shoulders on 5 year chart. 8.52 would be the bottom of the forming right shoulder.
Perhaps a chartist could post the 5-year with lines to denote.
TSL - buying here at 8.52 which is low from Jan. 2007, technical bounce setting up nicely...TSL unfarily punished for JKS news from yesterday.
LPH is definitely an attractive play next week with known catalysts (RR presentation & fiscal year earnings on back to back days). Thrilled to get some at $1 today!
TSL: buying more at 12.10, this is just stupid selling, imo!
TSL: Bought here at 12.46 after three straight days of unfilled gap down opens and near 104 week low. Has to bounce soon!
TSL, Rames: thoughts on this new 104 week-low today?
OT: Zynga sniffing Glu for China exposure,
http://seekingalpha.com/article/291119-zynga-s-next-acquisition-target-glu-mobile?source=yahoo
VALV popping...+$.33 (20%), here comes 2.00!
OT: China's TOM Group (2383: HK) announces strategic partnership with Glu Mobile (GLUU) today.
http://finance.yahoo.com/news/Glu-Mobile-Announces-prnews-1357378147.html?x=0&.v=1
SAN FRANCISCO, Aug. 1, 2011 /PRNewswire/ -- Glu Mobile Inc. (Nasdaq:GLUU - News), a leading global publisher of 3D Social Mobile games for smartphone and tablet devices and TOM Group Limited (HKEx stock code: 2383), leading Greater China media group, today announced a strategic partnership that will include the development of a smartphone storefront community for the Chinese market.
The partnership will combine Glu's high quality social mobile games with TOM Group's mobile internet cloud expertise and e-commerce infrastructure. Both TOM and Glu bring unique assets to the partnership which is focused on building glu.cn into a leading smartphone community portal in China.
"This partnership with TOM Group is a significant step in our global strategy and will accelerate our smartphone growth in China," said Glu President and CEO Niccolo de Masi. "glu.cn is scheduled to launch in Q4 2011 and we believe it will become quickly recognized by the Chinese gaming community as the leading destination for high quality smartphone and tablet games."
Ken Yeung, Chief Executive Officer and Executive Director of TOM Group said, "We are pleased to partner with Glu in bringing high quality social mobile games to users in China. The collaboration marks a key milestone for TOM Group in unlocking the value of its cloud-based cross-device open platform. It also evidences the materialization of our strategy to become a landing platform for our international partners to localize their technology and applications and tap into the Chinese market. By cooperating with the renowned social mobile game publisher Glu Mobile, we are ready to thrill Chinese gamers with the trendiest and most entertaining, high-tech mobile game entertainment. All provided in an engaging community for users to interact and play with each other."
China companies trying to get foothold in US games market
This could get real interesting for some U.S. based companies operating in this mobile/social games space...
http://allthingsd.com/20110722/game-studios-are-hot-acquisition-targets-in-the-race-to-mobile-and-social/?reflink=ATD_yahoo_ticker
Game Studios Are Hot Acquisition Targets in the Race to Mobile and Social
Published on July 22, 2011
by Tricia Duryee
More acquisitions are expected to follow in the gaming space after an intense bidding war for PopCap.
Last week, PopCap accepted Electronic Arts’ bid of $1.3 billion, including earn-outs, and opted to turn down a smaller — but all-cash — $1 billion offer from Zynga.
With that kind of dough raining down on the games industry, it’s obvious that more blockbuster purchases will ensue.
If that’s the case, the question is who will be next?
First, it’s important to understand why there’s a sense of urgency. Right now, nontraditional digital gaming platforms, like mobile and social, are really starting to take off, and game publishers need new content and expertise to be a player on those platforms.
“The general conversations have increased,” said Kushal Saha, the managing director of the Information Technology practice at Cascadia Capital, a Seattle-based investment bank. “We are seeing a lot more activity in financings as well. When you have a $1.3 billion acquisition, that really creates a lot of tailwinds from investors and strategics.”
Tim Chang, a partner at Norwest Venture Partners, has a theory as to who will be the most active in the next wave of acquisitions: It will be companies from China and Japan that are trying to get a foothold in the lucrative U.S. games market.
Here are just some of the recent transactions: Tencent, the giant Chinese Web holding company, bought Los Angeles-based Riot Games for about $400 million; OpenFeint was purchased by Japan-based Gree for $100 million in April; and Japan-based DeNA bought San Francisco-based ngmoco for $400 million late last year.
Specifically, he says these companies will be looking to buy game studios, which can create content for new platforms.
Ngmoco is building a mobile social network, and while it develops some games in-house, DeNA will need much more content to be successful. Same goes for Gree, which purchased OpenFeint, a mobile social platform that has 100 million players signed up.
Gree’s Senior Product Manager Jori Pearsall said that Gree is trying hard to get up and running in the U.S., where they have hired about 40 employees who are independent from OpenFeint.
Pearsall says its first game is expected to launch soon on the OpenFeint mobile social network.
In other words, first comes distribution. Next up: content.
One example of this already taking place is the merger between 6waves and Lolapps, which was announced earlier this week. San Francisco-based Lolapps is making social games for Facebook, while Hong Kong-based 6waves has been more focused on building a publishing platform.
Together, the two will have a publishing platform with its own games.
One of the companies that is being considered an obvious acquisition target is Glu Mobile, which is making social games for smartphones and tablets. Since the PopCap acquisition was announced, Glu’s stock has been trading close to $6 a share, up from $5.20 early last week. It is now trading at $5.64.
Are people sniffing around Glu?
“Nothing is off the table. We’ll do what’s best for the shareholders. We have a vision and a strategy and we are executing on the goal of transitioning to one of the top three feature phone companies to our goal of being one of the top freemium tablet and smartphone games company,” said Michael Breslin, Glu’s VP of marketing.
Other potential acquirers are in the U.S., ranging from content companies like Time Warner and Disney to other game makers like Activision, THQ or Ubisoft. Zynga has been acquiring more than one company every month for nearly a year. Google could even be a candidate if it’s truly serious about its Google+ games network.
Other companies for sale that would have the content and the talent include any of the independent studios in the top 20 on Facebook or iOS, ranging from Crowdstar to RockYou, or even a virtual world like Linden Lab.
UTA - 10K-A out with note on 2009 #s from accountant.
http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001144204%2D11%2D041542%2Etxt&FilePath=%5C2011%5C07%5C21%5C&CoName=UNIVERSAL+TRAVEL+GROUP&FormType=10%2DK%2FA&RcvdDate=7%2F21%2F2011&pdf=
GURE - adding more at 4.17-4.20!
GLUU - upgraded today to $7.00 by Northland; GLUU pin action expected from AAPL earnings in AH
http://www.newsystocks.com/News/4100440/northland-securities-analysts-raise-price-target-on-glu-mobile-inc-gluu-to-7-00
GLUU - when Nada finishes selling his 1.00-$1.50 shares (2.48 million left), this will explode north.
Bullish explanation on insider selling of late:
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_G/threadview?m=tm&bn=51561&tid=13778&mid=13778&tof=1&rt=2&frt=2&off=1
Gary deleted my GLUU post on China Growth Stock board today because company is not "China-based", but I posted on China board because of their dramatic expansion plans in China in coming years,
"Glu Mobile, a top three mobile game publisher for smartphones and tablet devices worldwide, is about to see its business expand dramatically in China between 2012 and 2013, Cheng told China Daily."
http://www.chinadaily.com.cn/cndy/2011-04/03/content_12271189.htm
Upcoming catalysts are AAPL earnings tomorrow (AH) and GLUU's Q2 earnings on 7/27. Next mega catalyst is Zynga IPO in September.
GLUU - Excellent social gaming sector DD doc outlining why EA bought Popcap today for $1.3 billion. Strengthens my conviction why GLUU holds the #1 position in my port right now.
http://sec.gov/Archives/edgar/data/712515/000119312511186744/dex992.htm
GLUU - I agree that social gaming is a BIG, new trend in the US with the adoption of mobile devices like tablets and smartphones. But in Asia, they wrote the book on freemium games and the lucrative virtual goods market.
With today's news of the $1.3 billion deal of EA to buy Popcap, it sweetens the pot in the speculation game of who will be next and how high will valuations go based on out years growth expectations.
Interesting that Forbes opined two weeks ago thinking a Chinese company might buy Popcap, saying Tencent would be the most likely acquirer,
"The most likely buyers in China would be Tencent Holdings (HK: 0700). Its interactive entertainment service, Tencent Games, is a worldclass online game developer. It currently has 21 games in China and has a massive market cap of $377 billion. PopCap is chump change for these guys."
http://blogs.forbes.com/kenrapoza/2011/06/23/china-companies-that-could-buy-popcap-games/
The speculation that Tencent would acquire a US company, Popcap, was based on the fact that Tencent has been expanding its gaming division and is on the hunt for US companies where the IP and talent are quality.
This article shows Tencent's strategy at work in their majority stake acquisiton of LA based Riot Games earlier this year...
http://techcrunch.com/2011/02/07/by-the-time-us-gaming-giants-figure-out-tencents-playbook-it-may-be-too-late/
"In fact, this deal represents way more than that – and anyone in the game industry should be paying attention. Not only is this one of the biggest gaming acquisitions of late and one of the biggest purchases of an American company by a Chinese company, but it shows who really understands where gaming is going at a big company level. This isn’t about China suddenly wanting a piece of the hot US gaming market– China and Korea are light years ahead of many gaming startups when it comes to in-browser games and virtual goods.
“American companies don’t get the future they are facing,” Lasky says. “It’s remarkable how short-sighted they are being.” Put a more macro way: This new generation of in-browser gaming and virtual goods could well be the first Internet category where America simply doesn’t dominate.
And Tencent is the most formidable of the next generation gaming titans. The company has been methodically building relationships in the Valley for years, very quietly acquiring stakes in dozens of companies and some small companies outright."
(What we have in this sector right now is a HOT story of M&As (Popcap), IPOs (Zynga), and the frenzied speculation that comes with investors seeing the 1st inning of a growing trend toward social gaming)
My top social gaming pick is Glu Mobile, GLUU, which should getty up tomorrow on this Popcap news!
GLUU, TheStreet.com calling for potential breakout to $10
And newest game (Eternity Warriors) released on Friday, July 8, is already #11 on Apple App Store's Top Charts "Top Free iPad APPS".
http://www.thestreet.com/story/11178935/2/5-stocks-poised-for-breakouts.html
One video game maker that looks poised for a big breakout is Glu Mobile(GLUU_), which is engaged in designing, marketing and selling games for mobile phones. Some of the popular games that Glu is licensed to produce are Call of Duty, Guitar Hero, World Series of Poker and Zuma. This stock is off to an incredible start in 2011, with shares up over 165%.
If you take a look at the chart for Glu Mobile, you'll see that this stock has been making higher highs and higher lows for the past few months, which is a bullish technical sign. Now the stock is setting up for a major breakout if it can manage to trade above some past overhead resistance at $5.75 a share.
Shares of GLUU are currently trading just a few percentage points away from that major breakout level, with the stock around $5.60 a share. What traders should watch for in the coming days or weeks is for a strong volume move above $5.75. I would suggest looking for volume that's well above the three-month average action of 2.6 million shares. Anything upside volume that's above or close to that level, where the stock breaks out should be considered a bullish technical sign.
One could be a buyer of the breakout and simply use a mental stop just a few percentage points from your buy entry. I could easily see this stock trade back to its next significant resistance level at around $10 a share. Keep in mind that the last time this stock was trading over $6 a share was back in 2007. A move above $6 soon could open up the flood gates for momentum buyers to step in.
I highlighted Glu Mobile before in "11 Stocks That Could Soar Off Zynga's IPO." The stock shows up on a recent list of 8 Consumer Goods Stock Buys Under $5.
Excellent "idea" post on mobile gaming and the current 1st inning opportunity.
I am playing this yet to be discovered mega growth sector with one name due to its:
1. Exposure to Asia (China, see attached article)
2. Position as the only pure play U.S. Public Company doing social mobile gaming (Zynga IPO will make it the second).
3. Technical set-up on the verge of a breakout at 52-week high that could make it a double, $10, by Zynga's IPO in October. See The Street.com call from Friday, July 8.
After reading this article, you will understand why I have posted about this company before on this China Growth board.
Get to know Glu Mobile, listed in US as GLUU.
http://www.chinadaily.com.cn/cndy/2011-04/03/content_12271189.htm
CNTF alternative if you like gaming, GLUU
Check out this chart analysis from midnight last night with a mid 9.00 price short term target (5.55 priced today):
MOBI - Yep, I would call this a MOASS!
Double in 2 short weeks...
http://stockcharts.com/freecharts/gallery.html?MOBI
OT: GLUU about to hit 52-week high at 5.75, big volume today!
OT: Why gaming apps are THE secular growth story of year....and with Zynga needing to get more into "mobile gaming" space will make some small cap, established mobile gaming companies very attractive takeover targets, imo.
http://news.cnet.com/8301-10797_3-20077213-235/games-reign-as-most-popular-mobile-apps/?tag=inside
GLUU anyone?
MOBI, GLUU, getty-up, this APP space is on fire!
GLUU is 10 cents away from 52 week high (5.75) listing as they build a monster growth machine, with cash on hand of $24 million!
Selected First Quarter of 2011 Operating Highlights and Metrics:
•Our total GAAP smartphone revenues of $5.9 million grew 94% quarter over quarter and comprised 36% of total GAAP revenues.
•Our non-GAAP smartphone revenues of $6.7 million grew 98% from the prior quarter and were 39% of total non-GAAP revenues.
•Our non-GAAP freemium revenue (micro-transactions, in-game advertising and offers) grew 263% quarter over quarter to $4.7 million.
Recent Developments and Strategic Initiatives:
•Glu was one of the first developers to implement micro-transactions into its Android games as well as support the Android™ 3.0 (Honeycomb) platform for tablets.
•We launched games for the Sony Ericsson Xperia™ Play. Led by Glu's original title Gun Bros, the Xperia Play gaming portfolio also includes Guitar Hero® 6, Family Guy®: Time Warped and original Glu title Super KO Boxing 2.
•We signed an innovative partnership with Full Fathom Five, the publishing company of best-selling author James Frey, to collaborate on the creation of transmedia properties.
•We entered into a multi-title partnership with Blammo Games, the game development company recently founded by Christopher Locke, who most recently ran the studio responsible for freemium top ten grossing iOS titles Smurfs' Village and Zombie Café.
•We launched one of the first 3D casual games on smartphones – Bug Village.
•We were a launch partner with Amazon’s new Android storefront.
MOBI, breaking out, GLUU to follow HOD, 5.49, heading to 52-wk high of 5.75 and then blue skies!
Solars, first week in July coming up, are you still bullish on this timeframe to get back in solars like TSL, YGE?
LPH, recent price action tells me deal probably won't be closing tomorrow, thoughts?
OT: Zynga IPO filing tomorrow? Buying GLUU today for this news!
http://www.cnbc.com/id/43564083
Zynga, the San Francisco Internet company responsible for FarmVille, Zynga Poker, and other popular online games, plans to file registration documents with the Securities and Exchange Commission as early as Wednesday to launch an initial public offering of stock, say people familiar with the matter.
The game maker, which wants to raise between $1.5 billion and $2 billion as part of the IPO, according to one of these people, has selected Morgan Stanley [MS 22.28 -0.26 (-1.15%) ] to lead the deal. Goldman Sachs [GS 128.64 -2.07 (-1.58%) ], which had been rumored to be in the lead spot just a few weeks ago, will instead be in the number 2 position, these people added.
http://stockpickr.com/11-stocks-could-soar-zyngas-ipo.html
Glu Mobile
One way to front run the Zynga IPO is to buy some shares in Glu Mobile (GLUU), a leading global provider of 3D social mobile games for smartphones and tablet devices. What’s great about this stock is that it’s already trending in the right direction ahead of the Zynga IPO, with shares up over 140% so far in 2011.
This is a small-cap company with a current market cap of around $274 million, and it's cash-rich with over $24 million in cash on their books and zero debt.
Things are going very well at Glu Mobile, which just raised its second-quarter revenue guidance to $16 million to $17 million, up from the previous range of $15 million to $16.5 million. Smartphone revenue was raised to $8.25 million to $8.75 million, up from the previous range of $7.25 million to $8.25 million.
From a technical standpoint, traders should watch for a breakout if shares of GLUU can manage to close above $5.25 to $5.50 a share on heavy volume. Look for volume that’s well above the three-month average activity of 1.9 million shares. The stock was very close to confirming a major breakout on Thursday when it closed at $5.10 on 10.8 million shares traded.
Thanks! I have lately been just playing short term momentum trades based on news or technicals and it is working huge with my last two, MOBI (out at 8.27 from 6.22 entry) and YOKU (still in from 27.92 buy yesterday)!
YOKU now over $35 (+8.00 today), WEEEEEEEEE!
Thanks to this board and tbirdman for bringing both names (MOBI, YOKU) to my attention/watch list when he posted their bullish technical setup charts.
Keep sharing good, constructive ideas....much more fun than discussing hit pieces.
YOKU $34.34 (+7.00), guess the street liked the today's news!
YOKU $32, (+4.50), WEEEEEEEEEEEE!
YOKU news...signs deal with Warner Brothers
Press Release Source: Youku.com Inc. On Tuesday June 28, 2011, 8:00 am
BEIJING, June 28, 2011 /PRNewswire-Asia/ -- Youku.com, Inc. (NYSE:YOKU - News), China's leading Internet television company, officially launched its Youku Premium paid content platform today after signing a digital distribution agreement with CAV Warner Home Entertainment Co., Ltd., Warner Bros. Home Entertainment Group's joint venture in China. Under the terms of the three-year agreement, Youku will add a total of 400 to 450 Warner Bros. New Releases and Catalog titles to its Youku Premium content library.
Youku Premium launched in beta in October 2010. Since then, the service has processed 200,000 paid transactions for its library of more than 300 movies and 3,880 educational programs.
Warner Bros. was one of the first major international studios to tap the potential of China's growing premium online video market. The studio first worked with Youku earlier this year for the launch of the film Inception on Youku Premium, then in beta. Youku Premium now also has Harry Potter and the Deathly Hallows: Part 1 on offer, and will add the conclusion of the series after its release later this year. Other popular titles, including the Lord of the Rings trilogy, are also available for premium online viewing.
"Over the past year," said Dele Liu, Youku's CFO, "we've seen Chinese Internet users become more sophisticated in terms of what they'll spend money on. People are increasingly willing to pay for high quality content, and we take the growth of Youku Premium as a sign that the market is improving for paid services."
"We spent the time when Youku Premium was in beta making sure that we had the technology to power the service," said Liu. "Now we're working to make sure that we've got the content that will set Youku Premium apart from the competition, and our new agreement with Warner Bros. is a major step in that direction."
After the success of Inception earlier this year, a number of Chinese filmmakers made their new releases, including box-office record-holder Let the Bullets Fly, available for paid viewing on Youku Premium.
About Youku:
Youku.com Inc. is China's leading Internet television company. Our Internet television platform enables users to search, view and share high-quality video content quickly and easily across multiple devices. Youku, which stands for "what's best and what's cool" in Chinese, is the most recognized online video brand in China. Youku's American depositary shares, each representing 18 of our Class A ordinary shares, are traded on NYSE under the symbol "YOKU."
For more information, please contact:
Media Relations:
Jean Shao
Director, International Public Relations
Youku.com Inc.
Tel: +86-10-5885-1881 x7128
Email: shaodan@youku.com
Investor Relations:
Ryan Cheung
Corporate Finance Director
Youku.com Inc.
Tel: +86-10-5885-1881 x6090
Email: ryan.cheung@youku.com
Follow Yahoo! Finance on Twitter; become a fan on Facebook.
YOKU, made first buy ($27.92) in this beaten up China IPO name today...call me crazy, but just had a gut feeling (GS putting it on conviction buy list w/ $55 target and it being beaten down 60% below its $69.95 IPO run high price)!
http://blogs.forbes.com/ericsavitz/2011/06/16/youku-spikes-goldman-ups-rating-to-buy-sees-a-double/
Gotta be a bounce soon!
MOBI, WEEEEE!!, out at 8.27, that was fun...tbirdman, thanks again!
MOBI, 8.00 in PM, and ask at 8.24...another WEEEEEE day I hope!!
Momos are all over this one.
I am still in the trade at 6.22 thanks to your TA post on MOBI, staying with the momentum and volume which I think could take it to 9.00...I owe you one!
tbirdman, GREAT call on MOBI at 6.00!
MOBI, +28% in 2 days to 7.68 closing on even higher volume today at HOD...
And I'm betting there is even more gas in the tank on this run.
http://stockcharts.com/freecharts/gallery.html?MOBI
Correction to CGS winners,
MOBI just broke through 7.50 (+10% today) on volume surge!
WEEEEEEEE!
MOBI, if this were a green day, MOBI would already be testing 8.00 after punching through 7.50.
This guy from Yahoo has been pretty good on TA on MOBI, his post from yesterday...
Re: traders view anf thoughts 22-Jun-11 01:37 pm
7.21 would create a bullish engulfment on the weekly.....with volume to boot..if I were short I would be careful at that level....it suggests the 7.40 area will be ripped..it could set longs up for a gap up tomorrow....margin calls for longs have appreciated out today...short selling margin calls will be issued tomorrow am.....forced to cover by Friday or Monday usually...
Note the 5.80 low..that still represents the backest because 7.50 hasn't been pierced yet...
Selfishly I want to see 5.80..but if 7.21 is achieved it probably won't happen, as a gap up tomorrow creates the new range...most likely to $7- 9.50..
$9.50 is where you will see the real short squeeze. The one everyone talks about but usually isn't fortunate enough to be a part of..
Gl
MOBI, MOASS in the works?...volume surge again this morn!
MOBI chart, bottom is in as it made the turn up with volume yesterday...
http://stockcharts.com/freecharts/gallery.html?MOBI