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Session of 03/07/2007

Started by David Randolph, March 07, 2007, 09:31:03 AM

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Se7en

Hey Traderstar, is it possible that I 'know' you from another board, your 'writing style' seems 'familiar' to me or am I just seeing things?! :)
Així és la Catalunya, així és el Barça! Mès que un club!!!

phabrux

#16
Hi Dave,

One of your old friend,  HEPH  seems to be on fire since a few minutes(News is leaking???), waiting for the HHS award confirmation today after 4 different delay!.

"This coming week promises to see some fun volatility as Hollis Eden's (NasdaqGM: HEPH) "tentative date" for an award under Project Bioshield on March 7th approaches."

David Randolph

I'm watching your video nullzero, great :)

It is a 58 minute video, but I think it is worth it.

TraderStar

Quote from: Se7en on March 07, 2007, 10:27:03 AM
Hey Traderstar, is it possible that I 'know' you from another board, your 'writing style' seems 'familiar' to me or am I just seeing things?! :)

I'm not on any other trading boards (usually avoid them!) the only other board I post to occasionally is a Spanish one (for people learning spanish),  I moderate that one under the name Mariposa.

phabrux

Hallo Traderstar,

I am loocking for a site where you can learn spanish, can you suggest one?
The best would be with videos or at least vocal exemples.
Thanks


rickjust

7 from the top ten of the nasd100 are underwater today
max

WallStreetnBio

I think the jobs number could be key to stick a fork in the longs...weak hand shorts covered yesterday and the asian markets are going to slide again with fears of the US/YEN and a decline in our markets. I think Dave hit the nail on the head with a bear market  >:D unless something drastic changes.
#1  CDS
#2  XING

David Randolph

Quote from: bourbonstreet_crawdaddy on March 07, 2007, 10:07:45 AM
Thanks David,

I am still holding CPNE.ob long, and I believe that the numbers that they released were very good. Knowing what you do now, and having the benefit of having seen the financials, and the price action - what are your thoughts about the wedge that the stock is forming?

Do you believe that the stock will break out of the wedge up or down?

Thank You for sharing your insight

Bourbon   ;D

I don't know if you read why I sold CPNE.OB, it wasn't just because I was bearish on the general market. As I study more stocks, I see how the market attaches a low earnings multiple to a company that doesn't have the prospects of repeating those earnings, because of the way they were obtained.

We all know that CPNE.OB runs what can be considered a fraudulent business, because they sell a service that in no way lives up to the expectations of consumers (I'm talking about www.onlinesupplier.com, the source of more than 80% of the company's revenues). My take was that numbers were so great, and growth was so spectacular, that the market would put a high multiple on the stock. But now I guess the market knows better. I believe there's a strong reason why CPNE.OB is trading at 12 times trailing EPS, despite the very high growth rate. That strong reason is there's not a whole lot of more fools outthere for them to sell their "dream" of financial independence. Because of the internet, consumers are getting educated much faster and they won't fall for that trick much longer.

I like CPNE's management and their aggressiveness, but until they find something with value to sell, I don't think the stock is such a great investment. They know how to sell very well, but they don't have anything to sell, at least nothing with a low churn rate, that is, a quality service.

Good luck on your decision :)

nica33

Quote from: TraderStar on March 07, 2007, 10:42:10 AM
Quote from: Se7en on March 07, 2007, 10:27:03 AM
Hey Traderstar, is it possible that I 'know' you from another board, your 'writing style' seems 'familiar' to me or am I just seeing things?! :)

I'm not on any other trading boards (usually avoid them!) the only other board I post to occasionally is a Spanish one (for people learning spanish),  I moderate that one under the name Mariposa.

Which is the link for your board? thanks
Keep it simple !!

David Randolph

Quote from: kslifka on March 07, 2007, 09:54:13 AM
ACY...is just crazy.  I unfortunately sold a few days ago after the market meltdown. >:(

ACY's market cap is so low that anything can happen. It trades totally unrelated to the general market trend. However, the fact that people are looking into it now is a bit of a sign of speculation, which is indicative we're near the top of the general market (not because of ACY alone, but the theme of playing around very small cap stocks in general).

I say this because ACY's fundamentals are the same now as they were in the 2000 - 2002 period when the stock was going down with almost no volume.

nullzero

Quote from: David Randolph on March 07, 2007, 10:30:14 AM
I'm watching your video nullzero, great :)

It is a 58 minute video, but I think it is worth it.

That video is great, I wanted to see if I could meet him in person he is an excellent public speaker and predicted everything very well. I watched it back in early spring of last year.

Guloso

David,

TUTR is on Bear fire today due to bad quarterly results. Take a look. You will like to short this one

TraderStar

Quote from: phabrux on March 07, 2007, 11:02:08 AM
Hallo Traderstar,

I am loocking for a site where you can learn spanish, can you suggest one?
The best would be with videos or at least vocal exemples.
Thanks



Email me, [email protected], I have a ton of resources :)

David Randolph

Quote from: buddjas1 on March 07, 2007, 09:58:57 AM
David, may want to look at NMKT.  That is if 3SOF still buys stocks that are going up.   ;)

hehe, you're a good-humoured bull :)

I'm not sure you can say NMKT.OB is "going up". Sure, it is up 5% today, but not going up according to my chart. Every rally goes to a lower high than the previous one. That happens because the company keeps diluting shareholder's value every time there's a spike, as you can see here (those are quarterly numbers, keep that in mind).

Now they have the plan to spin off some subsidiaries in the way of stock dividends. Why? So that they can dilute shareholder's value even more, as they're able to sell shares from each stock traded. GSHF.OB, VRDM.OB and INSQ.OB had the same scheme.

I don't like the stock, but good luck if you're in :)

As for buying stocks on fire, my bear market experience tells me that when a stock is on fire, in a bear market, it means it should be sold, not bought, as rallies fizzle. In a bull market rallies continue, that is, what is up today, will go up even more tomorrow. Not the same behavior in a bear market.

If we're still in a bull market as you claim, I'll be back at buying stocks on fire. The jury is still out on that question. I believe that the market is bearish for as long as the SPY is trading below $141.69.

David Randolph

Quote from: prodigykid6 on March 07, 2007, 10:11:33 AM
Dave do you think FMCN could close the gap at $62 on 11/20? Is there a statistic out there on how many gaps that get filled?

I don't know about that statistic prodigykid6, but I do think FMCN will go down to close that gap (and more).