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wellas we are nearing vegas
this is like pure betting ;) |
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I've made a shit load of money as well on Siri. I bought at $4 and $5 and sold it all (over) $8. That was a long time ago. Go back and read the archived articles about the value of the company and they lay out exactly why the stock is and has been overpriced. Once the dust settles from this holiday season and the Stern move, everyone who didn't understand the valuation of the company will be certain that the stock is/was overvalued. If I get time, I will try to find those articles. They are exceedingly helpful. Like I said, if they offer some other income generating service, then the equation will change. Good luck no matter what! |
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They are going to hurt when the next wave of windows debutes. Microsoft will simply tie they browser into their online shit. |
CNXT $2 stock that makes chips, lots of business going on, worth watching for near future for sure
OSUR makes the at home mouth swab AIDS test. Great stock but recently crashed due to some cry wolf false negs, dropped maybe too low will go back up. STXS makes a magnetic healthcare machine on my radar. - I dont want to cause forum trouble but I was thinking about starting a board for stock talk for some of us on different forums if anyone would be intrested. |
I just picked up another 1,000 shares this morning @ 32.46 and its trading at 33.73. I was out in the mall yesterday and every store was sold out of Under Armour and almost every retailer on Amazon.com has it back ordered. Cramer also wrote a great little article on Realmoney.com about UARM on Friday.
At 60 times earnings its expensive however its fast growing company thats making money and should blow away its earnings estimates for this current quarter. For that it could trade up in 70 - 75 times earnings and thats when I'll get out. Quote:
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Apple (AAPL) is moving nice today :) And compusa has been sold out since the 15th of all their ipods :) :) :)
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I liked UARM, but I thought I missed the boat on it so I havent bought any
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A couple of my friends thought the same when they couldn't get in on the IPO like I did. One of them bought 500 shares in the mid 20's a few days after the IPO and he's extremely happy.
I'd be comfortable picking up shares that this point and up untill they report for the current quarter. After that it could be "to the moon" or I could be selling like a mad man. :) Quote:
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btw they just announced today that the exceded the 3M subscriber growth (as I said they would in my post yesterday). |
51 stock bets for 2006 :banana
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GZFX will disappear and the pumper and dumpers will move on.
GM and F will declare bankruptcy. NFLX will continue to rise. |
The problem with SIRI, I owned it and made some good money off of it, is the way they report subscribers. Sirius reports a subscriber as either a paid customer who has sat. radio or an installed radio in a car sitting on the factories lot or in the car dealership's showroom. When the 3 months of "free" sirius sat. radio expires on that new car you bought then sirius pulls the subscriber off the books. However if a car sits on a dealers lot for 4 months and is then sold Sirius books this as a 7 month long subscriber, 4 months on the dealers lot and 3 months of the free service the consumer got.
Since XM uses a different method of reporting a subscriber the metric used to compare the companies actual growth is faulted. That being said there has been talk that Stern may not be pulling as much as was once anticapted during the christmas rush. I think the 1st quarter of 2006 will be the best for Sirius as once Stern goes live and the buzz of his new show gets going the sales will go through the roof. Quote:
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TheStreet.com had an interview with their CEO and Cramer and the CEO said as soon as they get their $$$ thats when it hits their books, until fiscal values have changed hands, its counted as outstanding stock, not a physical sale. Regards, Lee |
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Hmmm, from what I have gathered their getting paid by the car manufactorers upfront for the 3 months of service but even if no one is driving the car they are counting it as a subscriber. Mind you the subscriber being the car's manufactorer. |
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Regards, Lee |
I'll check it out. It must have slipped me as I am on thestreet.com / realmoney.com alot. Thanks bro
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As of September 30, 2005, the Company had total current assets of $480,497 and total current liabilities of $1,481,701, resulting in a working capital deficit of $1,001,204; as of that date, the Company had cash of $38,870. During the nine months ended September 30, 2005 and 2004, the Company incurred losses of $2,884,234 and $7,945,385, respectively, and the Company has an accumulated deficit of $21,387,368 as of September 30, 2005. These factors raise substantial doubt as to the Company's ability to continue as a going concern. The Company's independent accountants' audit report included in the Form 10-KSB for the year ended December 31, 2004 includes a substantial doubt paragraph regarding the Company's ability to continue as a going concern. then the massive floating price (death spiral) convertible.. h) Adjustable Conversion Price Feature of Debentures May Encourage Short Sales. The convertible debentures issued to Golden Gate Investors, Inc. are convertible into shares of Company common stock at an 18% discount to the trading price of the common stock prior to the conversion. The significant downward pressure on the price of the common stock as the selling stockholder converts and sells material amounts of common stock could encourage short sales by investors. This could place further downward pressure on the price of the common stock. The selling stockholder could sell common stock into the market in anticipation of covering the short sale by converting their securities, which could cause the further downward pressure on the stock price. In addition, not only the sale of shares issued upon conversion or exercise of debentures, warrants and options, but also the mere perception that these sales could occur, may adversely affect the market price of the common stock. (i) Issuance of Shares upon Conversion of Debentures and Exercise of Warrants. The issuance of shares upon conversion of the convertible debentures issued to Golden Gate Investors, Inc. and exercise of warrants may result in substantial dilution to the interests of other stockholders since the selling stockholder may ultimately convert and sell the full amount issuable on conversion. Although the selling stockholder may not convert their convertible debentures and/or exercise its warrants if such conversion or exercise would cause them to own more than 9.9% of Company outstanding common stock, this restriction does not prevent the selling stockholder from converting and/or exercising some of its holdings and then converting the rest of its holdings. In this way, the selling stockholder could sell more than this limit while never holding more than this limit. There is no upper limit on the number of shares that may be issued which may have the effect of further diluting the proportionate equity interest and voting power of holders of the common stock. |
GZFX I am still doing my DD on. I see the damn thing spammed on every financial board I frequent. I do agree it sure looks like pump and dump to me but its trading very close to a 52 week low right now. I am not into penny stocks but if this company is for real there would be plenty of money to be made.
I know Crockett likes this stock. Any more insite on this guys? |
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although I would not dump yet... they have been over valued but I am Firm on this that stock will be nearly 20 bucks by end of 07 |
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NEOL is looking very promising... its gonna be a long term play though so maybe there's both long and short opportunities?
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My brother bought a boatload of AAPL last year, but I don't see it going that much higher in 06.
I'm would think Sirius and/or Sun Microsystems would be good long in 2006, but they both have way to many shares out there. |
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It will start moving once we get the confirm that it's going nation wide with the CC deal. That news could come out any day now, but most likely won't be released until sometime after Jan 15th as that is the roll out date. griffin the more people that find out they can get both games and DVD's for a subscription price lower than Netflix's. Means more and more subscribers for Gameznflix.. only way they will go away is if netflix buys them out.. :upsidedow |
Crockett how often are you in and out of GZFX. I tried to scoop some up at the bottom today but my buy order didn't fill. It looks like a funny stock to time.
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SIRI is claiming that their service is growing at a similar clip as the iPod.
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Penny stocks are the way to go. If anyone needs tips I get tons of faxes daily :winkwink:.
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I know if I was the company that bought the convertible from GZFX I would be happily converting my shares at 18% below current market value and selling to as many suckers as I could. :) |
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Pretty good looking chart for SIRI... it rallied to the $10 area and then took a rest... has been consolidating for a year now..... on quite low volume compared to the run up last year.... I expect a nice move for SIRI in the not so distant future. http://stockcharts.com/def/servlet/SC.web?c=siri,uu[e,a]waclyyay[d20000401,20051231][pb34!b8!c10!b4!b50!d20,2][vc60][iUb14!La12,26,9!Lh14,3!Lc20!Lg]&pref=G |
what some advice you would give to someone wanting to get into the buying and selling game?
some resources to read, etc. i'm quite interested.. |
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Actually, I'm just pointing out the obvious. Everything you are talking about, I considered over a year ago when the stock was actually a worthwhile gamble. All of the numbers I have seen include the "potential" and the fact that this company will grow and none of them support the current valuation. Now, I'm the first to tell you to be weary of most of the "idiot" stock pickers in the media, but I've seen the numbers, they really don't work. If you feel like the numbers justify the current price, I'd love to see you lay them out. Furthermore, if you are really going for the satellite potential, xm is a far better gamble at this point (but both are risky!). I wouldn't buy either of them. There are far too many other great investments to be made. ---------------------------- forbes "We believe that Sirius stock is pricing in near-term performance well ahead of Street expectations--Sirius could have a difficult time matching the recent hype, in our view," Jacoby said. "We believe the recent media attention surrounding Howard Stern?s arrival at Sirius on Jan. 9 has caused Sirius' stock price to become completely detached from the underlying business fundamentals." money.cnn "Our call today in a nutshell, SIRI valuation is overextended, likely due to Stern hype," the note reads. "We recommend investors sell SIRI and buy XMSR ( which trades at a substantial discount to Sirius despite having 2 times the number of subscribers)." |
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What do you mean the "buying and selling game?" Day trading? Stay away! Investing and watching carefully? Excellent! For learning: http://finance.yahoo.com/ also, google any term you would like to learn about. Google rules! Once you find a potential stock to invest in, read all you can regarding news and press releases. Also, you can find great info on the yahoo stock chat boards . . . but you MUST know who to read and who to ignore. This comes with time. Good luck my investment brother from another mother! |
Siri for sure i mean stern and the quarter reports to come stern always brings in people lets be real he's the biggest thing on radio
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Warren Buffett once said "Wall Street is the only place that people ride to work in a Rolls Royce to get advice from those who take the subway."
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Jacoby is a two bit hack that works for BofA which happens to have a huge interest in XM (which is FAR from superior over Sirius. Content is king and Sirius has it). After they drove the price of Sirius down I am sure they bought in. Stealing from the retail investor to feed the greed of big business. They have to answer to there clients now. It created a good opp. for those of us that know better.
Like I said its a trading stock right now. I am not going to get into a Yahoo MB type debate over it. Play it if you have the skills and make some bank. Nice big blocks traded in that 6-7.50 range every few weeks pays off well. I still hold firm with part of my position because looking 3-5 years out its going to be huge. |
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AGAIN . . . Like I said, "I'm the first to tell you to be weary of most of the "idiot" stock pickers in the media, but I've seen the numbers, they really don't work." Don't just say you are looking at 3-5 years out, POST YOUR NUMBERS. I would love to see your expected numbers and how you justify the current valuation. Not only can you not justify the current stock price, but you will be locked up if you try to justify higher stock prices 3-5 years from now. It is simple . . . just post numbers that justify your opinion, or everyone will know you bought in too high and hope to pump simply to dump on the (more) ignorant. |
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I once said, "If you are dumb enough to get advice from unsuccessful people, you deserve to lose your shirt." Dumb people will always be dumb . . . no matter how much money they have. |
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