Soros new management with cash...
New ad campaign.
Minimum float..
Check it out.
Some chatter around BFLY this week.
Keep it on the radar. Tiny float.
Anything new on BFLY?
Stock hit 52-week low on 12/13...
I've been waiting a long, long time for this to happen. $1.00 looks like a bargain, but no one knows what sales are going to be. Market Cap too low for sales growth, however there are preferred shares involved, so you never know.
poorman1
BFLY has been hitting new 52-week low for the past 4 days. Sure it sounds like a deal now but it's not a very good sign...
On Dec.6, the company announced sales up 60%, the stock has been down to 1.00-1.05 from 1.50 since then.
I would not worry at all, in fact I would suggest buying more at this level. Value investors love to find stocks that perform miserably, whereas the underline business is doing just the opposite. The masses think that a declining stock price indicates trouble and a rising stock price means the company is doing better. A perfect situation is buying an increasingly well performing business with a terribly low stock price.
Sales growth has been very strong, Net Tangible Assets are up and the BlueFly brand is becoming increasingly noticed by mainstream consumers. We may never see $.97 again in 2006, but if we do you can be sure I'll be on the bid.
Check out YAKC and CULS too.
Overly optimistic,
poorman1
This is it high volume after hours after 4th quarter sales news. After hours volume 230,000 shares and counting!. :o
Bluefly Estimates Fourth Quarter 2005 Net Sales Will Increase at Least 45%
Monday January 9, 4:44 pm ET
NEW YORK--(BUSINESS WIRE)--Jan. 9, 2006--Bluefly, Inc. (NASDAQ SmallCap: BFLY - News), a leading online retailer of designer brands, fashion trends, and superior value (www.bluefly.com), announced today that based on preliminary estimates, it expects its net sales for the fourth quarter of 2005 will increase at least 45% compared to fourth quarter 2004. This would result in a full-year increase in net sales of approximately 34%.
The Company expects to release the full results of the fourth quarter 2005 and the full year 2005 the week of February 20, 2006.
The Company announced these results in advance of its presentations at SG Cowen & Co. Fourth Annual Consumer Conference and Eighth Annual ICR XChange Conference, both being held later this week.
As previously announced, the Company will no longer report monthly sales in 2006 but rather report sales on a quarterly basis.
All right!
Wish I had more money available to put in this but even so.. in since 1.01..
Look's like a tug-of-war going on between $1.25 - $1.30
Here's the chart.
Any targets on this one?
BFLY recently announced that it will report 4Q 2006 revenues at least 45% higher than 4Q 2004 and about 34% year/year revenue increase.
http://biz.yahoo.com/bw/060109/20060109006012.html?.v=1
What does this mean?
- 4Q 2006 revenues will be about $21M compared to $14.5M in 4Q 2005
- With a gross marging of about 39%, the net profit for the quarter will increase from$5.9M in 4Q 2005 to about $8.3M in 4Q 2006
- The increased marketing costs for 4Q 2006 will increase the SG&A costs from about $5.7M in 4Q 2005 to about $6.6M in 4Q 2006.
- This means that operating income will likely increase from $136K in 4Q 2005 to $1.7M in 4Q 2006.
- The bottom line is that BFLY might record its FIRST PROFITABLE QUARTER EVER!!
The future certainly looks bright for BFLY...specially if one accumulates at current prices.
Other Highlights:
- BFLY's largest institutional holder is The Soros Fund Management Inc. (controlled by billionaire George Soros) with 31% ownership. Overall, institutions own 41% of the float
- Insiders own 32% of the common stock.
- BFLY currently has less than 18M outstanding shares.
- There are about 5M shares in the public float.
- With the $59M 2006 revenues soon-to-be-announced, BFLY is trading at a ridiculous 0.33 P/S ratio
- BFLY has little over $5 in cash, no long-term debt, and about $90/share in shareholders' equity.
I believe that BFLY will be abig gainer in Frebruary 2006 and beyond. Its improved business plan is showing accelerated traction. Billionaire George Soros thinks BFLY is a good investment...he did not become a billionaire investing in money-losing ventures.
I suggest that you take the time to listen BFLY's recent presentation at a recent incestors' conference to get a better idea about the shorty and long-term prospects for this company on the move:
http://biz.yahoo.com/bw/060103/20060103005599.html?.v=1
My target: $1.5+ after 4Q 2005 and FY 2005 earnings in February 2006.
ABOUT BFLY:
Founded in 1998, Bluefly, Inc. (NASDAQ SmallCap: BFLY - News) is a leading online retailer of designer brands, fashion trends and superior values. Bluefly is headquartered at 42 West 39th Street in New York City, in the heart of the Fashion District. For more information, please call 212-944-8000 or click on www.bluefly.com.
*** Always do your own DD and invest at your own risk. For risks and uncertainties always check the latest company 10Q and 10K filings ***
This is ready imo,it just broke a falling wedge that formed over the last month and half on the daily chart,along with a positive macd divergence from the start of Jan 06.I think it could go on up from here,taking out one moving avg at a time.
Starting to take out a few moving avg's,its cleared the 5,13,20 EMA's.This could be smooth sailing from here once the 50 day is penetrated at 1.16.Good upside potential here.
Chart
EARNINGS ALERT...EARNINGS NEXT WEEK
BFLY recently announced that it will report 4Q 2005 revenues at least 45% higher than 4Q 2004 and about 34% year/year revenue increase.
http://biz.yahoo.com/bw/060109/20060109006012.html?.v=1
What does this mean?
- 4Q 2005 revenues will be about $21M compared to $14.5M in 4Q 2004
- With a gross marging of about 39%, the net profit for the quarter will increase from$5.9M in 4Q 2004 to about $8.3M in 4Q 2005.
- BFLY's largest institutional holder is The Soros Fund Management Inc. (controlled by billionaire George Soros) with 31% ownership. Overall, institutions own 41% of the float
- Insiders own 32% of the common stock.
- BFLY currently has less than 18M outstanding shares.
- There are about 5M shares in the public float.
- With the $59M 2005 revenues soon-to-be-announced, BFLY is trading at a ridiculous 0.33 P/S ratio
- BFLY has little over $5M in cash, no long-term debt, and about $0.90/share in shareholders' equity.
I believe that BFLY will be abig gainer in February 2006 and beyond. Its improved business plan is showing accelerated traction. Billionaire George Soros thinks BFLY is a good investment...he did not become a billionaire investing in money-losing ventures.
I suggest that you take the time to listen BFLY's recent presentation at a recent investors' conference to get a better idea about the short and long-term prospects for this company on the move:
http://biz.yahoo.com/bw/060103/20060103005599.html?.v=1
These recent publications mention BFLY and the momentum it's gaining as a favorite place to shop for upscale and on-the-go professional/busy women. The first link lists Bluefly as the 2nd favorite momen's place to shop..ahead of giants like Neiman Marcus, Urban Outfiters, and others!!
http://www.lovetoknow.com/top10/womens-clothing.html
The following link highlights the fact that BFLY is ahead of the game when it comes to e-Commerce amongst retailers:
http://www.ecommercetimes.com/story/QBp6TGPtCdNXM1/After-the-Holidays-E-Commerce-Seeks-Springboard-Into-2006.xhtml
My target: $1.5+ after 4Q 2005 and FY 2005 earnings in February 2006.
ABOUT BFLY:
Founded in 1998, Bluefly, Inc. (NASDAQ SmallCap: BFLY - News) is a leading online retailer of designer brands, fashion trends and superior values. Bluefly is headquartered at 42 West 39th Street in New York City, in the heart of the Fashion District. For more information, please call 212-944-8000 or click on www.bluefly.com.
ALWAYS DO YOUR DD
From yahoo board
Not surprising
by: expectorating_speculator (37/M/Washington, D.C.)
Long-Term Sentiment: Hold 02/17/06 05:32 pm
Msg: 29151 of 29155
I'm not surprised that the accusation would come, but nope, I'm not Raven. I don't have nearly that much time on my hands. I don't post very often, but if you actually read my past posts you'll find that my opinions have been quite different than his. I'm certainly more civil. I do appreciate it, however, when people have strong opinions and back them with facts and numbers.
My current opinion is that the bear argument is extremely persuasive. The company has a lot of work ahead of it if they want to resuscitate the stock. I believe this will be compounded when they come back for more cash. The fact that they hired an investor relations company says to me they need more cash and must do something about the share price so they can get cash at more reasonable terms.
That said, I love the business. I am a happy repeat customer, and I would love to own part of it. Before I do, I want to see how they will resolve the coming cash crisis. If it turns out that they don't need more cash or they can get it without more dilution then sign me up. At that point I'm a long term buyer.
I already own another stock in similar circumstances: SVVS. [Similarities: both have good positions in their respective marketplaces; both have large convertible overhangs; both are fighting to get and stay over a buck with attendant delisting worries. Differences: BFLY has FAR better revenue growth, SVVS has cash, SVVS doesn't have a patrone, delisting or reverse split is far more imminent concern for SVVS, SVVS communicates better with shareholders, BFLY (ex)CEO doesn't drop $241,000 (not a typo) on an evening's entertainment @ Scores] As you can see, one of these beauties is probably more than enough for the porfolio of even the most risk loving speculator.
http://finance.messages.yahoo.com/bbs?.mm=FN&action=m&board=8729360&tid=bfly&sid=8729360&mid=29151
Wow!! BLY's chart look great!
I am getting in on Monday before it really takes off.
Thank you for digging this gem out. I loaded up at 1.11 Friday. Great going on the dd. Afterhours was just plain special. Going to run nice to/through financials Weds.
BFLY is looking strong in pre-market. I expect a nice rally today maybe into $1.3 plus. We shall see I guess.
Whoa simply amazing. It is now over 70 RSI and heading up on 200 MA. I am a bit nervous about a dip tomorrow although earnings will be officially released Thurs. Either way I am looking for a $1.58ish exit. GLTA
I hope nobody got burned on this one.
newnewbie = terabemo = 3stocky = wiseman213, etc...
I think this guy has been booted from this site a couple of times now but he resurfaces with the same scam.
Multiple alias pumping low-floaters prior to earnings. Betcha he exited BFLY yesterday afternoon...probably pumped it at numerous sites to try and drive up pps.
feedback is appreciated:
Bluefly Reports Record Fourth Quarter and Full Year 2005 Revenue and Margins; Strong Results Fueled by Sales Resulting from Incremental Marketing Spend
Wednesday, February 22, 2006 16:05 ET
NEW YORK, Feb 22, 2006 (BUSINESS WIRE) -- Bluefly, Inc. (NASDAQ SmallCap:BFLY), a leading online retailer of designer brands, fashion trends and superior value (www.bluefly.com), today announced record revenue and margin levels for the fourth quarter and full year 2005.
Highlights for the fourth quarter included:
-- Gross margin expanded by 150 basis points to 41.8% from 40.3% in fourth quarter 2004;
-- Revenue increased by 46% to $21.2 million from $14.5 million in fourth quarter 2004;
-- Gross profit increased by nearly 52%;
-- Operating income of $131,000;
-- Cash balance increased by $4.3 million to $9.4 million.
Highlights for the full year 2005 included:
-- Gross margin expanded by 160 basis points to 39.1% from 37.5% in 2004;
-- Revenue increased by 34% to $58.8 million from $43.8 million in 2004;
-- Gross profit increased by approximately 40%;
-- An operating loss of approximately $3.1 million, an improvement of $760,000 from the 2004 operating loss of $3.9 million.
"We are extremely pleased with our fourth quarter and full-year results," said Melissa Payner-Gregor, Bluefly's chief executive officer. "Bluefly successfully drove top-line sales to record levels in the fourth quarter while we expanded our margins by 150 basis points in the quarter and 160 basis points for the full year, and we reported operating income in the fourth quarter of 2005 that was comparable to the fourth quarter of 2004. We are encouraged by what we believe to be the preliminary positive effects of the national advertising campaign we began in fiscal 2005. Our results reflect approximately $3.2 million of spending on the campaign, primarily in the third and fourth quarters. We will continue to invest in this campaign in fiscal 2006 and are planning for solid increases in our top-line results, while maintaining margin levels comparable to those achieved in 2005."
Other financial results for the fourth quarter and the full year were as follows (all comparisons are to the fourth quarter of 2004 or the year 2004, as applicable):
-- Net loss for the fourth quarter was $55,000, compared with net income of $7,000 in the fourth quarter of 2004. Net loss per share (which includes preferred stock dividends) was $0.07 per share in the fourth quarter of both 2005 and 2004.(1)
-- Net loss for the year increased to $3.82 million from $3.79 million for 2004. Net loss per share decreased to $0.54 in 2005 from $0.55 in 2004.(2)
-- New customers acquired during the fourth quarter increased nearly 27% to 53,887 from 42,572. New customers acquired during the year increased 17% to 148,975 from 127,177.
-- Marketing expenditures for the fourth quarter increased to $3.3 million from approximately $601,000. Marketing expenditures for the year increased to nearly $6.3 million from nearly $1.5 million.
-- Gross average order size for the year increased by 17.5% to $220.17 from $187.32.
Well I got greedy and broke a few rules on this one.
A) I had a VERY nice profit going in a short time. I was in @ 1.11
B) I held through earnings. Why I don't know. This equates to me selling off for around my entry and loosing the nice profit I had built up.
C) A valuable lesson was learned again.
BFLY tested the previous lows at the 1 dollar area and looks ready to head back up.Flirting near the 50 DMA and earnings May 10th..
Taking out the 50dma now @1.12
Chart
Got the close over the 50 dma with a nice white candlestick which I believe negates yesterday's Bearish Engulfing candle,volume remains a caveat but thats with many other stocks as well,see notes
Crashed below prior support at the dollar mark taking out stops along the way.Bears taking control for now.It's getting oversold but not a buy signal for me just yet..
News today causing a nice pop this am..
Maverick Capital and Prentice Capital Agree to Purchase $50 Million Stake in Bluefly
June 05, 2006 17:57:01 (ET)
NEW YORK, Jun 05, 2006 (BUSINESS WIRE) -- Bluefly, Inc. (NASDAQ SmallCap: BFLY), a leading online retailer of designer brands, fashion trends and superior value (www.bluefly.com), today announced that private funds associated with Maverick Capital, Ltd. and an entity affiliated with Prentice Capital Management, LP reached a definitive agreement to purchase $50 million of newly issued common stock from the Company.
In connection with the transaction, private funds associated with Soros Fund Management LLC, collectively Bluefly's largest stockholder, agreed to convert all of their preferred stock into common stock. $25 million of the proceeds will be retained by Bluefly to grow its business and fund working capital. The balance of $25 million will be used to repay debt to the Soros funds, as well as to pay accrued dividends on the preferred stock being converted in connection with the transaction.
"Bluefly is now in an outstanding position to expand its growth," said Melissa Payner, Bluefly's Chief Executive Officer. "We believe this new capital will enable us to increase our marketing results without the need to raise additional capital prior to achieving profitability. The investment will provide Bluefly with a far simpler capital structure with conversion of nearly all of the preferred stock. We also have significantly strengthened our investor base with the addition of Maverick Capital and Prentice Capital."
"We are extremely excited about our investment in Bluefly," said Brian Zied of Maverick Capital. "Bluefly has generated a record of strong operating performance to date, and this transaction will provide the Company capital to accelerate its growth and progress toward profitability."
"Bluefly has a unique e-commerce business with powerful economics, significant customer traction and strong management," said Michael Gross of Prentice Capital. "Together with the other strategic investors, we believe this transaction will help the company build upon its solid foundation and take advantage of the exciting opportunities in front of it."
Under the terms of the deal, the Company agreed to sell $50 million of newly issued common stock at a price of $0.82 per share, representing a 11% premium over today's closing price. The closing is subject to certain customary conditions and is expected to occur prior to the end of the month. Following the closing, the Soros funds will collectively own approximately 39% of the Company's outstanding common stock, while Maverick and Prentice will each own approximately 24% and will each have a representative on the board.
This press release does not constitute an offer of any securities for sale. The shares of common stock to be issued to entities affiliated with Maverick Capital and Prentice Capital will not be registered under the Securities Act and may not be offered or sold absent registration under the Securities Act or an applicable exemption therefrom.
About Bluefly, Inc.
Founded in 1998, Bluefly, Inc. (NASDAQ SmallCap: BFLY) is a leading online retailer of designer brands, fashion trends and superior value. Bluefly is headquartered at 42 West 39th Street in New York City, in the heart of the Fashion District. For more information, please call 212-944-8000 or visit www.bluefly.com.
About Maverick Capital
Maverick Capital, Ltd. was founded in 1993 and has been registered with the Securities and Exchange Commission as an Investment Adviser since 1994. Maverick is the investment manager of client accounts, including those of certain hedge funds organized to invest in securities, and had total managed assets of $10 billion as of April 1, 2006. Maverick's goal is to preserve and grow its investors' capital.
About Prentice Capital
Prentice Capital Management, LP is a private investment limited partnership whose principal business is to serve as investment manager to a variety of private investment funds and to control the investing and trading in securities of these private investment funds. Michael Zimmerman is the managing member of the general partner of Prentice Capital Management.
This press release may include statements that constitute "forward-looking statements," usually containing the words "believe," "project," "expect" or similar expressions. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements. The risks and uncertainties are detailed from time to time in reports filed by the company with the Securities and Exchange Commission, including Forms 8-K, 10-Q and 10-K. These risks and uncertainties include, but are not limited to, the company's ability to execute on, and gain additional revenue from, its consumer public relations and other marketing initiatives; the company's history of losses and anticipated future losses; shortfalls in our business plan resulting in the need for additional capital sooner than anticipated and the potential inability to raise such capital; the potential failure to forecast revenues and/or to make adjustments to operating plans necessary as a result of any failure to forecast accurately; unexpected changes in fashion trends; cyclical variations in the apparel and e-commerce market; the availability of merchandise; the need to further establish brand name recognition; management of potential growth; and risks associated with our ability to handle increased traffic and/or continued improvements to its Web site.
SOURCE: Bluefly, Inc.
Investors:
Bluefly, Inc.
Patrick Barry, 212-944-8000 ext. 239
[email protected] or
Genesis Select
Budd Zuckerman, 303-415-0200
[email protected] or
Press:
RLM Public Relations
Curtis Hougland, 212-741-5106 ext. 220
[email protected] Copyright Business Wire 2006 ********************************************************************** As of Thursday, 06-01-2006 23:59, the latest Comtex SmarTrend(SM) Alert, an automated pattern recognition system, indicated an UPTREND on 02-21-2006 for BFLY @ $1.28. (C) 2006 Comtex News Network, Inc. All rights reserved
nice facts:
http://investor.bluefly.com/media/bluefly_cowen_presentation_120706.pdf
nice chart:
bfly is more a trader stock or not ?
anyway macd hist is very up...i never buy stocks with a high macd hist....no way...
I put BFLY on watch last week as it passed my STEPS trigger http://www.3stocksonfire.org/trading/index.php?topic=7595.msg80127#msg80127
As I started to look more deeply I nearly checked it in the bin as on face value I saw MASSIVE dilution up to 129M shares (from 17M or so). But wait, that was due to 2 new investors pumping in $50M (and gaining seats on the board) as well as SOROS Fund exchanging preferred shares for common. So in that 129M SOROS (that's George Soros by the way) has 39% and the other 2 investors 48%. So 87% tied up in key investors.
What else? increase profit, increase margins, increase sales penetration, going into Q4 usually their best qtr (can be 2X Q3), their first $1M sales day Hmmm they did $16M in Q3 and here they do $1M in 1 day. I think there is a fundamental shift going on here.
Ok, chart set up nicely on the pullback volume shrunk, support catching up. All my STEPS criteria met.
So took position today at $1.19, I combined my pullback and breakout position as I saw buyers were lining up and sellers had the ask up high. I wasn't expecting such an extreme movement, but hey I like that. Initial stop is now at my entry price.
Quote from: AussieTrader on December 14, 2006, 10:50:28 AM
I put BFLY on watch last week as it passed my STEPS trigger http://www.3stocksonfire.org/trading/index.php?topic=7595.msg80127#msg80127
As I started to look more deeply I nearly checked it in the bin as on face value I saw MASSIVE dilution up to 129M shares (from 17M or so). But wait, that was due to 2 new investors pumping in $50M (and gaining seats on the board) as well as SOROS Fund exchanging preferred shares for common. So in that 129M SOROS (that's George Soros by the way) has 39% and the other 2 investors 48%. So 87% tied up in key investors.
What else? increase profit, increase margins, increase sales penetration, going into Q4 usually their best qtr (can be 2X Q3), their first $1M sales day Hmmm they did $16M in Q3 and here they do $1M in 1 day. I think there is a fundamental shift going on here.
Ok, chart set up nicely on the pullback volume shrunk, support catching up. All my STEPS criteria met.
So took position today at $1.19, I combined my pullback and breakout position as I saw buyers were lining up and sellers had the ask up high. I wasn't expecting such an extreme movement, but hey I like that. Initial stop is now at my entry price.
Applaud mate! Thanks to your call to get David in on this with 3SOF I also got in just in the nick of time at 1.19. You have a hot hand with these STEPS plays.
I too was surprised by the explosive move, but that must have something to do with the confluence of 1.23 being both the STEPS breakout and a breakout of the old resistance.
Quote from: tokyopua on December 14, 2006, 11:10:15 AM
Applaud mate! Thanks to your call to get David in on this with 3SOF I also got in just in the nick of time at 1.19. You have a hot hand with these STEPS plays.
I too was surprised by the explosive move, but that must have something to do with the confluence of 1.23 being both the STEPS breakout and a breakout of the old resistance.
Yeh, I have been fortunate in some recent entries ;)
BFLY is now an official 3SoF pick and quite right too as the opportunity looks great.
Consolidating now above the breakout / resistance (now support as it gave a quick toucj to it )point on small volume (relative to that 4M breakout day that is) My expectation is another nice continuation move that will ultimately take BFLY above $1.60 will happen sooner rather than later.
Added to my position at 1.26. Now averaging 1.32; really like how it has been trading and don't think it'll have any trouble hitting that 1.60 high again.
Anyone have any thoughts on the chart? ???
Quote from: nutsterrt on December 20, 2006, 07:05:55 PM
Anyone have any thoughts on the chart? ???
I'm in the same boat with you. I bought and waiting for the next move. From my observation is that these "hot" stocks need to stay above the 9ema. Hopefully it holds above 1.20 tomorrow or I will dump and move on.
Quote from: kslifka on December 20, 2006, 07:13:48 PM
I'm in the same boat with you. I bought and waiting for the next move. From my observation is that these "hot" stocks need to stay above the 9ema. Hopefully it holds above 1.20 tomorrow or I will dump and move on.
Interesting...would that be an intraday price level or a closing level?
Quote from: nutsterrt on December 20, 2006, 07:22:29 PM
Quote from: kslifka on December 20, 2006, 07:13:48 PM
I'm in the same boat with you. I bought and waiting for the next move. From my observation is that these "hot" stocks need to stay above the 9ema. Hopefully it holds above 1.20 tomorrow or I will dump and move on.
Interesting...would that be an intraday price level or a closing level?
I won't set a stop below 1.20 but will watch closely. I pretty much believe tomorrow is "do or die" for BFLY. It needs to move above that downsloping line connecting the tops of those candles over the past few days. That's not to say it's over, but any move to the upside would take longer than I want to hold the stock.
BFLY touched support at 1.20 and is slllllllllllllowwwwly coming back. I would like to see approach 1.30 and hold.
Does it seem to you that there's a lot of buying/covering 'interest' today, but very few shares available at these prices? To me, that would indicate we may see a move up today...?
Just seems like every time the ask moves down, the number of shares on the bid side increases.
Well, not a lot of progress today but I don't think all hope is lost just yet. Here are my thoughts on BFLY at close today, and why I think things may be looking up from here...
(http://img161.imageshack.us/img161/8258/bfly122106yd7.jpg)
First and foremost, today's activity gave us a bullish inverted hammer. While it doesn't necessarily mean a rapid turnaround, the high of the day (and the end of the handle) engulfed yesterday's ugly candle and actually exceeded yesterday's highs, which would tell me we aren't ready to let BFLY die just yet. And, as kslifka pointed out, BFLY still closed above the current EMA9 support of 1.21.
Second on my list is the fact we are still moving ever closer to that infamous Golden Cross level. Assuming prices stay at or above where they are now, the official cross should happen sooner or later, and I would hope we would see some upside as a result.
Next, RSI. The RSI has, in the last two sessions, moved below 70, though not by much. For me, while this is still now 'low,' it is an improvement over the near-80 number we saw a week ago, and suggests to me that there is ownership interest, and it is no longer out of control.
Finally, the MACD. At this point, the MACD is the only indicator that makes me a little nervous. If the two indicators do again meet, I hope that we see a bounce and not some kind of bearish cross. The MACD hist. is giving up a little, which makes me think that the current activity isn't as out of control as it may have been a week ago, but hasn't fallen into the negative, which I suppose is a good thing.
Fundamentally speaking, the company is improving greatly. In fact, I even saw some free advertising on the Today show today. The stock recently posted its first ever $1MM single-day sales number, and many expect the company to be profitable by the February earnings release. Following last year's holiday season, the company did release preliminary sales numbers about a month prior to earnings release. Assuming that happens again, and the company maintains the 30-40% Y-O-Y sales increases they have seen so far (i.e. Sept.-Nov.), it could boast well for the stock this time around.
Anyway, all just my two cents, and since I'm still relatively new, I'd love to get some feedback. Good luck everyone ;)
Anyone have thoughts on BFLY today? Looks like we basically ended up with a Doji, and DID still keep it above the 9-EMA, so I haven't lost hope yet. Anyone else think this bearish trend is nearing its end?
Would like to see a little more volume, as well. Of course, today was slow across the market, but this one just sat still most of the session.
Bluefly up almost 11% currently :D
Hmm, time to update my BFLY trade. No change in the reasons for entry after that huge volume spike that peaked at $1.60. Since then BFLY has consolidated on low volume and in fact has set up a nice retest of breakout. If I hadn't already entered I would have been buying just a couple sessions back as it looks like BFLY will be taking another look at the $1.60 zone again once $1.32 is closed above (huge volume driven spike followed by at least 2 days of pullback that does not pierce the orginal breakout start). BFLY passes the STEPS trigger and entry conditions a 2nd time. This is very bullish as it is the best way for a stock to move forwards as it builds support behind to add fuel to the upsurges, breakout - base, breakout - base etc.
Good trading
"BFLY" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;)
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.
Thank You....and good luck with all your trades....make some $$$ ;D
Happy New Year ! May it be Prosperous for all @ 3SOF...... ;)
Bought some BFLY today, in at 1.31$!
Great entry today @ $1.25
Gap is closed from 12/22
GLTA...JOdy
Nice move, 422 ;) Would be a great end to the year if it holds 1.30 today!
Golden cross today? 50 and 200MA @ 1.02$! :)
It also looks like BFLY is making a small pennant here...
(http://img178.imageshack.us/img178/2587/bflykv9.png)
Quote from: Se7en on December 29, 2006, 02:47:27 PM
Golden cross today? 50 and 200MA @ 1.02$! :)
It also looks like BFLY is making a small pennant here...
Better believe it's making that GC. But will the 50 make it through the 200? You'd better believe it :D
Let's see what the week brings us...I hope Mother Market is happy :)
Good support area (cant post chart :'( ) IMO
GLTA...Jody
any thoughts on whats up with BFLY????
Quote from: tonyfloyd on January 12, 2007, 10:23:59 AM
any thoughts on whats up with BFLY????
Well, I know I'm still holding. Someone is still keeping this above 1.20 as every time it dips below, there's always a buyer ready to add shares and bump it back up. I thought for an apparel retailer their prelimiary Q4 estimates looked pretty good (considering the supposed slow retail season), but obviously it "wasn't good enough" to some traders. As long as most of the volume is above 1.20, I'll continue to hold.
Maybe we're just consolidating until the 50MA catches up ::)
(http://img281.imageshack.us/img281/4001/bflydh2.jpg)
BFLY has been a bit disappointing, having faked us out when it broke back above 1.35. Has been weak ever since (and took out my stop) but looks like it may be settling for the next move. Strong support @ 1.10. MACD histogram looks to be rounding, suggesting a momentum change. CCI is oversold and waiting for a bounce above its signal line. Could be a relatively low risk (re-) entry at this level.
I added more today here at 1.11. Agree with you that the stock is totally oversold; seems like a safe buy at the current price.
The current best bid currently has a 125K bid block sitting on it. Big buyer moving on in?
Anyone care to explain what, exactly, this means?
http://biz.yahoo.com/e/070125/bfly8-k.html
Just a very brief chart update on BFLY. Ignoring (I don't know that you can!) the two red candles of late, BFLY has formed a Bullish Tri Star. I don't see it that unreasonable to remove the two candles as 1) volume was extremely light, and 2) the triple Dojis are in close proximity with one another. May be time for a run up to earnings (no date yet, best guess would be the week of February 18th).
Also note the SMA50 held the stock on the 22nd, and that the MACD is ready to take another stab at positive divergance!
GLTA!
(http://img65.imageshack.us/img65/7232/bflyql2.jpg)
Still holding here, waiting for the big jump! ;)
Had some extra time so took the same chart as before and added a Fib retracement. Was actually surprised to see how strong the support was at 38.2%. Assuming we can get above the 50% mark (1.24, today's high), it looks like it won't take long to get to 1.30.
Anyway, just food for thought.
nutster
(http://img262.imageshack.us/img262/5797/bflyqv4.jpg)
The Fib resistance hath been broken! next step is to break 1.30 and then we're good to 1.38.
(http://img264.imageshack.us/img264/6083/bflyyh2.jpg)
Level II seems to be indicating a great deal of buying interest/support today. Might be a nice run up to earnings from here.
Stay warm; 6" of snow on the ground here this morning!
GLTA.
Displayed Level II BIDS have really picked up the last couple of days. Squat for sale on the ASK.
Currently on the bid (INET only):
[email protected][email protected][email protected][email protected][email protected]A lot of buying interest...now we need volume ;D
BFLY sent an email out to their investor list today that earnings are tentatively scheduled for Feb. 28th. Stock popped about 7% on the news.
I was curious...who here will or will not be holding BFLY through this Wednesday's earnigs announcement?
I will hold, just like David! :)
I have held this a long time and now have been waiting for this date to come. Strong hands and a realcoolhead will allow me to hold this stock. Or unless David's analysis dictates something else that was not technically or fundamentally seen before.
Earnings out:
Bluefly Reports Record Fourth Quarter and Full Year 2006 Revenue
Wednesday February 28, 4:01 pm ET
NEW YORK--(BUSINESS WIRE)--Bluefly, Inc. (NASDAQ SmallCap:BFLY - News), a leading online retailer of designer brands, fashion trends and superior value (www.bluefly.com), today announced strong growth in revenue and continued strong margin levels for the fourth quarter and full year 2006.
Highlights for the fourth quarter included:
* Revenue increased by approximately 28% to $27.1 million from $21.2 million in fourth quarter 2005;
* Gross margin decreased by 150 basis points to 40.3% from 41.8% in fourth quarter 2005;
* Gross profit increased by nearly 23%;
* Operating loss increased to $3,665,000 compared to operating income of $131,000 primarily as a result of $2.6 million of stock-based compensation and a year-over-year incremental increase of $1.3 million in spending related to marketing and advertising.
* Average order size increased by over 17% to $271.98 from $232.23 in the fourth quarter of 2005.
* Net loss increased to $3.5 million from $55,000. Loss per share decreased to $0.03 per share (based on 129.8 million weighted average shares outstanding after preferred stock dividends) from $0.07 per share (based on 18.0 million weighted average shares outstanding after preferred stock dividends).
Highlights for the full year 2006 included:
* Revenue increased by approximately 31% to $77.1 million from $58.8 million in 2005;
* Gross margin increased by 100 basis points to 40.1% from 39.1% in 2005;
* Gross profit increased by approximately 34%;
* Average order size increased by nearly 17% to $257.64 from $220.17 in the fourth quarter of 2005.
* Operating loss increased to approximately $12.1 million compared to an operating loss of $3.1 million for 2005 primarily as a result of: $4.5 million of stock-based compensation a year-over-year incremental increase of $6.4 million in spending related to marketing and advertising and executive bonuses in the amount of $675,000 paid in connection with the recent financing.
* Net loss increased to $12.2 million from $3.8 million. Loss per share decreased to $0.23 per share (based on 80.2 million weighted average shares outstanding after preferred stock dividends) from $0.54 per share (based on 16.1 million weighted average shares outstanding after preferred stock dividends).
"We are pleased by the company's record revenue for the year," said Melissa Payner, Bluefly's CEO. "Our strong growth in the face of slow cold-weather product sales throughout the industry is a testament to our continued progress and to the investment we have made in growing our customer file through our increased marketing efforts."
The company will host a conference call webcast to discuss its fourth quarter and full year results today at 5:00 p.m. EDT. Investors can access the webcast at www.investor.bluefly.com.
Hm, what do you think of it, at first sight looks good to me! ::)
Quote from: Se7en on February 28, 2007, 04:16:47 PM
Hm, what do you think of it, at first sight looks good to me! ::)
I'm pleased with the net revenue, margins, increased order size, and all that jazz. They are still spending a good chunk of cash on advertising, and I personally don't like the stock-based compensation all that much. But, I, and I'm assuming many others, will be listening to the CC to get an idea regarding the guidance.
EDIT: In case anyone else was interested in listening to the call and didn't know where to venture (you'll need to cut and paste)...
mms://winaudio.mshow.com/325196.asf (http://mms://winaudio.mshow.com/325196.asf)
EDIT again: For those unable to listen to the call, it'll be archived, but I'm going to take some rather brief notes and hope to post them this evening.
Well, here are a few of the quick notes I got out of the call:
-Spring off to a good start. Compared to this time last year:
Men's tees +140%
Women's accessories +55%
Sunglasses (lower margin item) +73%
-Advertising will be increasing 19% in 2007 to $15MM
-Customer number increased 65K, +20% YOY
-Net order revenue currently $55/order before marketing and overhead
-New web version will be introduced later in the year
-Costs have been reduced due to acceptance of Google Checkout (I missed exact number)
-Still has ZERO debt
-Reduced net share units (I assume this is shares/options) by 695K as a result of previously-filed stock plan
-Expected FY2007 gross margins 38-40%
-Cash from operations increased $4.4MM in Q4 2006
-CEO mentioned that they were to move sufficient cold weather product as a result of being an Internet-based store front; had inventory when weather eventually turned
-CEO confident in inventories for Spring, and confident in Spring outlook
If anyone has anything to add, please do.
Nothing guaranteed; just my best-effort to catch as much stuff as I could that wasn't already included in the PR.
I emailed the link to the earnings news release to someone I do business with...he is a financial advisor who's job is managing some wealth investors portfolios.
My email to him was:
What is your opinion on these earnings? I think their
website is nice and they have a great niche market.
http://biz.yahoo.com/bw/070228/20070228006053.html?.v=1
(http://biz.yahoo.com/bw/070228/20070228006053.html?.v=1)
He just emailed me this response:
Based on the numbers given, it looks like the officers and directors robbed the common stock holders. If you owned the preferred stock you got a nice dividend, and if you were an officer or director you got a nice bonus
and more stock option grants. The company posted nice #'s but then their
loss increased 300% due to them lining their pockets.
Signs of life ;)