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GOAM not stopping. interesting.
CLTM
CAU
GNBT coming off 60 EMA & other improving technicals
AMAT 60 EMA bounce watch.
No disturbance. You bring up a good point, but I liken the 60 EMA bounce to the consistent finding of increased crimes and arsons on a full moon. This is a proven fact, but where is the connection. Honestly, the market is crazy.
Prime example of a daytrade 60 EMA play is HOFF. Tapped ithe 60 EMA and bounce like beautifully. A buy at the 60 EMA and a sell the in the next mornings gap would've been an ideal 60 EMA bounce play imo.
On a different note, HOFF looks ok here, with it's white candle, and an RSI looking to break up through the 30. MACD could look a little better, but the most recent bar is not a continuation of down, but a slight improvement from the prior ugly bar. An oversold play worth an eye.
Some time's they bounce off that 60 EMA a few times, and it acts like a great support line. ie CALM or DCEL or VRSO
One example of a beauty 60 EMA bounce. The 50 EMA stopped it dead.
These 60 EMA bounces are great swing plays, or even day trade bounces.
All depends which way it starts to move. If I had big money (like 30 mill) to kick around, I would make this sucker squeeze like no tomorrow. In any case, volatility is guranteed. We gotta wait and see if it starts/continues to squeeze next week. If it does it will be furious, cause shares will be hard to come by and the many shorts will not be happy.
GOAM would be smart to release a great pr monday morning pre market, and follow up with new developments/potentials contracts or whatnot all week.
Shorts are already deissapointed. The article shows that. If they were long, the article would read more like, "phenominal growth in a neglected player of a burgeoning industry.. yadda yadda yadda"
BELLWEATHER is the epitomy of a contrarian play!!!!
GOAM too funny. Articles bashing, bellweather referenced. Blatantly showing big money is short & scared. Not in, but would love too see these d!(k$ squeeze like no tomorrow. GOAM to $60!!!!!!!!!! Actually their product competes with RIMM's, and their financials have been improving consistently.
GOAM short interest up 830% this month. Squeeeeeeeze
GOOO AMERICA!
One-Week Wonder
Easy Come, Easy Go?
By Lawrence Carrel Published: November 12, 2004
StockCompare
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GoAmerica (GOAM)
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Share price as of last Friday's close: $2.55
Share price now: $11.78
Change: 361%
Last time this high: May 12, 2004
52-week high: $56.80
52-week low: $1.51
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WHAT GOES UP must come down — or does it?
Shares of GoAmerica (GOAM) rocketed 361% this week, in what can only be described as an incredibly enthusiastic run-up to the release of the Hackensack, N.J., company's third-quarter results. And not even the ho-hum numbers that were finally unveiled late Thursday tempered enthusiasm for the stock of the tiny wireless-communications outfit. After stumbling briefly at Friday's open, GoAmerica's shares tacked on a gain of 27% to $11.78 by session's close on volume of 18.4 million — nine times the total public float, and 53 times its average daily volume.
"It went from an average three-month volume of 198,000 shares to suddenly trading 18 million shares on mildly positive news," says Jay Lee, chief executive of Bellwetherreport.com, a Canadian-based online financial newsletter. "I would like to know where the sudden surge in demand came from." (Lee doesn't own shares of GoAmerica; Bellwetherreport.com doesn't do investment banking.)
So would we, considering the company spent most of the year trying to avoid delisting by Nasdaq. In May, GoAmerica executed a 1-for-10 reverse stock split and launched a $500,000 share buyback program to get into compliance with Nasdaq, which threatened to delist the shares in mid-June. Management appealed and by August received an exception to achieve a compliant bid price for no less than nine consecutive trading days. That didn't happen either. So on Oct. 1, GoAmerica did another reverse split, this time 1-for-8. It finally regained Nasdaq compliance on Oct. 21.
Now eight years old, GoAmerica's main product is WyndTell, a wireless-communication service that allows deaf people to communicate on mobile devices, such as Research in Motion's (RIMM) Blackberry. Most people in the deaf community communicate over landlines with the aid of a text teletypewriter, or TTY, which allows users to type messages in a real-time conversation. WyndTell offers the added benefit of allowing e-mailing from a TTY to a wireless device. GoAmerica provides related technology for Sprint's (FON) relay service for mobile devices. In mid-September, the company launched a new wireless relay product with Sprint and T-Mobile. It expects revenues from the new product to have a positive impact on fourth-quarter results.
"What it does is a very interesting idea," says Carl Zetie, an analyst at Forrester Research, a market research firm in Cambridge, Mass. "It's an underserved area. It's a compelling idea. People that are hard of hearing are a natural constituency for tech-based services on wireless devices. It's a natural extension to make this available for mobile hard-of-hearing users." (Zetie doesn't own shares of GoAmerica; Forrester Research doesn't do investment banking.)
As for the third quarter, GoAmerica posted a net loss of $1.2 million, or 61 cents a share, compared with a net loss of $1.0 million, or $1.48 a share, in the year-ago quarter. For the second quarter, it reported a net loss of $1.4 million, or 64 cents. Per-share results were adjusted to reflect the reverse stock splits. There are no Wall Street analysts covering the stock.
At first glance at the per-share figures, it appears as if GoAmerica improved its financial performance. But closer inspection of the financial tables in the earnings release shows otherwise. The 61-cent loss for the latest third quarter was based on two million shares outstanding, far more than the 678,883 shares outstanding a year earlier that yielded a loss of $1.48. If two million shares had been outstanding a year ago, 2003's third-quarter loss would've been just 49 cents.
Total revenue plunged 55% year-over-year, and 13% sequentially, to $1.4 million. The company blamed the sequential decrease partly on the declining use of its older services. It also said it was working to weed out subscribers who weren't paying their bills.
Joe Karp, GoAmerica's vice president of marketing, thinks this week's share rally was well deserved: "We felt that the stock was undervalued where it was. We have a strong balance sheet, and we will continue to have a strong balance sheet." GoAmerica has no long-term debt. As a result of a private placement of 105 million shares in March that raised $14.5 million, the company's cash balance stands at $8.1 million, up from $568,000 at the beginning of the year.
GoAmerica's largest institutional shareholders are Austin W. Marxe and David M. Greenhouse, who run a hedge fund that trades in a number of microcap stocks on the bulletin boards and pink sheets. Both were involved in the March private placement. They now hold a 14.7% stake in the company.
"These guys trade tiny-market-cap stocks in precarious financial positions," says Peter Cohan, president, Peter S. Cohan & Associates, a management-consulting and venture-capital firm in Marlborough, Mass. "If you look at their holdings, almost every one is that way."
Marxe declined comment for this story.
Quote:
"In the course of one week, the stock goes up more than 300%," says Cohan, the management consultant. "If you look at the financial profile of the company, I don't think the fundamentals improved 300% this week. There is a big gap in the performance of the stock and the performance of the fundamentals. If there was ever a great example of how a stock doesn't reflect the underlying business, this is it." (Peter Cohan doesn't own shares of GoAmerica; his firm doesn't have a business relationship with the company.)
PS: Bellweather pumps tend to run 1 day & end up below pump price the next.
easier? so the majority of the investing public can't short it? interesting.
Best part is you're humble. Please stay that way. Enough god complex's around already.
Other may be right or wrong, but that still doesn't save them from being a%*h*&^s
you sell yourself short, someone had to take the lead. The interest is and was there. the posters have made it great. we must credit you for giving the first push.
60 ema usually = bounce buy
great job CS in bringing the NAZ back to the forefront !
www.nasdaq.com . so much there. splits ipo's shorts longs volume new sec filings, well u get the idea
Consider yourself bookmarked MD
DuE-oOoOoD
yup ; ) . Just needed to get noticed.
your BOSC mention yesterday was sweet.
It could be epic
MTSX broke that 5
If AH is any indication it will blow out HUUUGE.
XOMA on news
yes needs some power. UVSL watch.
MTSX watch.
Instigator. hehe.
yes v good. Agreed it seems to be only the beginning.
Gotta love that TASR
CTTG
INSW watching here also
No doubt. Be vewy vewy careful on this pumps. 10 k can really move some of these suckers.
In Out Gone Now.
Insiders dumped huge. check form 4's. On the other hand I have seen insiders be total buffons. I wonder if Bellweather & Wall Street News are done with it. Most likely. Still a spin of coming I believe.
re my id quote. It is a satirical reference to some of the choir boy self proclaimed angels on the hub. It is a good song as well.
teepea I followed your plays today. You are top notch. Keep it up!
Tell me where it says for any1 to buy, or that this company action will result in price appreciation?
It was a solid tip on info people could've used much to their benefit.
Inherently it was risky as well, and still is.
This is my last post on the matter, and you should let it go too.
SSP was on it in the .30's and it went to .80's . He did not pump it, unlike others. I am confused as to your problem. This is high risk business, if you cannot stomach it, why are you here?
Well good luck. In any case you got a little trigger happy on this and shorted at the bottom of a beauty bounce.