Zev Spiro was PTT's highly praised technical analyst when Mark used to believe in technical analysis. Then one day, Mark stopped providing us with Zev's technical analysis updates and Zev was gone from PTT without any warning or even mention of his departure. Weeks went by without any technical updates. When asked what happened to Zev, Mark said he is no longer affiliated with PTT, and technical analysis is bullshit anyway so it doesn't matter. If Zev is watching the remains of PTT from afar, he's probably not too shocked to see all the bagholders Mark created in GLUU stock. I'm pretty sure Zev would have gotten us out a long time ago near $6.00 after the stock gave a red flag gift to technicians upon a gap-down open below the 50-dma on massive volume, which was the start of the prolonged downtrend. I noted that technical break in this forum, and sold half my stock even though Gomes was preaching patience and not to be fooled by the "stupid" market. Fast forward 6 months, and Gomes blames "high beta" for this disaster- which is his special way of deflecting respon sibility. You heard that right. The market used to be "stupid" when GLUU was $5.00. But at $2.00, it's no longer stupid. It's just a random victim of "high beta".
@Robert M. Ok, thanks for the clarity. And to be clear I do base most of my trades on Technical analysis. Again, "trades" is the term. I could care less about the fundamentals unless I am going to be a holder....investor.....in the stock. For RDCM, which was an MG pick via pipeline, I found the chart at that time to be what I look for in a trade. It has worked out well. And I agree on the GLUU breakdown. MG was saying to stay the course even though the charts was telling a different story. Sold some of my GLUU on the way up, some on the way down but I still have a position which is well under water. I believe the MG methodology was strictly buy and hold, not trade the channel, and was based on Fundamental analysis with a technical kicker, R/W chart. That said, i do not like the timing of most of his recent picks via his new pipeline site. And I did not like FIT or TWTR when those had been mentioned, thankfully I passed on even trading those. Cheers, Kurt
RDCM just doesn't seem to want to go down just yet. I sold half $16-$17.4. I was shocked how well it held up yesterday.
I too was shocked but sold out anyway.
RDCM down below $15. will it continue to fall to what I feel is support in the $14 area? Only time will tell. anyone have the earnings date?
Feb 17 according to google finance
I see the RS line has been moving up it seems the stock is sitting at its 50 dma now,It will be interesting to see what the Market does next week and how the stock holds up. Maybe we get a bounce off the line maybe not who knows.Looking at IBD I do not see any institutional activity lately, not sure I am going to buy just yet so if you are reading this you should probably load up and make some $$$ lol. Do the opposite of me you should win.
I believe RDCM has earnings on Wednesday. Hard to say what will happen. The company missed Q-4 numbers, but hired a new top CEO. Also, they announced an $18 million contract win order. I sold half of mine higher and will let the rest ride.
Earnings about as expected. At this point, it's all about the future with their new contract win.
Earnings not impressive! And many of these small caps on this site continue to be "about future" earnings. I am glad I sold long before today's announcement. It is now in the area of short term support but could drop further to the 13 areas. Longer term support is at $12 so I would wait and see if it can hold 13 or will slide to 12 before considering this stock for a trade again. the Trend since November has been up and a lower channel line since then would put the lower channel near the 12.50 area. Tread carefully and wait for that pull back. Kurt
"Earnings not impressive! And many of these small caps on this site continue to be “about future” earnings." Kurt, as you know, you don't get multi baggers buying the discovered stocks. That said, I posted I sold half of my rdcm holdings for 45% gains a couple of week's ago. Holding the rest until their contract starts paying off shortly. In fact, listening to their CC now...1 hour +. RDCM wasn't a top 10 holding for me. RSYS & PERI are, for good reason. I stated Gluu was my #1 stock recently too. Feeling much better 75% off of the lows last week!:)
If it drops to the lower 12 area I will probably buy back in,I have been following the stocks that both of you guys mentioned (Tim/Kurt) Thanks. Kurt I was wondering if you added to your ZIXI position after the big drop yesterday?Do you think it was the earnings report or something else?I have not started a position yet but looks interesting down here. As always any comment would be appreciated.
I agree Thomas, I wouldn't mind it going lower so I could reload. Still holding half of my shares, because I can't time microcaps using charts and I know that rdcm will rock over the coming years. I sold 10% of my orbc shares today $8+, that I bought August 2011 low $2's. Love that company and their management. I rarely ever buy a top ten holding just to trade. When I take a position, I want to make sure I like the sector, the company's management and their products, just in case the share price goes against me. Over half of the time it does.
Tim, I see PERI EPS due date is 2/25.According to IBD last qrt they showed a 28% earnings surprise but the current qrt estimate is for a 74% decrease. The debt/equity ratio is a positive and a strong ROE near 80%.The stock is sitting near all time lows,I am going to listen to the CC, do some more DD and make a decision on this one ,Thanks
Check the last few PRs Thomas. Perion made a major acquisition in Undertone end of November. Looking forward to their ER. I bought big in low $2's. Figured it was as good as glu low $2's. http://finance.yahoo.com/news/perion-acquires-undertone-140000953.html http://finance.yahoo.com/news/perion-updates-increases-fourth-quarter-080100742.html http://finance.yahoo.com/news/undertone-strengthens-sales-leadership-appoints-140000920.html
J Fishman put out a interesting article on RDCM today on SA, Any one invested or looking to enter a position may want to take a look.Tim I see PERI / EPS date was bumped to 3/15 .
I still own my half position in RDCM. I'll check out the article...thanks. I've got the peri for the 15th.
The Fishman article reads like a Gomes article. Bad news reported, but investment thesis intact. I spent a few years as a stock broker at a bucket shop firm and this smells of "If you thought it was great at $15, you should love it at 10". But I at least give Fishman credit for this disclaimer at the end. Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. At a certain point you need to do yourself a favor and check your sanity, or the trend from a R/R chart. As i said earlier wait for the pull back and will add now that you should consider legging into a position. Mark states he has already added or changed position and whether you believe it or not at one time PTT had enough Subs to move the stock price which added to Mark's gains and left many holding the bag. And since he departed, he recent recommendation have done better than those offered PTT subs. Interesting, very interesting.
And if you look at Mark's recent winners, they have been purchased (in most cases) when the R/R chart showed the stock price near all time lows and at on the lower end of a down channel. Add to that the market had dropped and rallied back and you can scream winner, winner, chicken dinner. Kurt
In a review of the recent pipeline data release the chart provide and the commentary about the move to the 17 area as a great R/R selling area made me laugh. Was there an article, like my comments above, when that occurred with a note about the 13 area being support. Or another entry point. You can hold for the long term or take a long term and a trading position to boost your return. I do not profess that you should hold long term while I am trading based on that advise. if you ask i will tell you my entry and exit points. And we are at the entry point for a long or trading position. And my commentary and charts are free. Cheers Kurt