Got an early trade alert on MXMG on Friday from PennyStock101 (org), and watched it move up over 42% in just a few hours. These guys have been right on the money all summer. They have a new pick coming out before the opening bell tomorrow so I suggest you signup ASAP. The newsletter is absolutley free so there's nothing to lose. Google "PennyStock101" and signup! Happy Trading!
RE market coming back in many regions BUT: 303,867 RE Division Revenues for first half of 2015=pathetic! That's one 'first time buyer' house by most standards.......where's the RE guy........out fishing?
The one near completion (West Indies) looks to be 4 units @$399,000 ea. I'm not sure about the other two, but it looks like they are larger projects.
Boston Avenue doesn't file quarterly 13F reports. Whale Wisdom excepts and complies reports showing ownership, and Boston Ave or Adelson or Ellbar Partners is not shown either. Maybe because they're under 5%....not sure.
You hit the nail on the head. The best catalyst is EARNINGS! POSITIVE CASH FLOW....and the share price will gradually reflect that.
Charts are just graphical analysis of price moves based on accumulation or distribution. No matter what a chart indicates stocks always come back to fundamentals. Its always been and will always be about growth and earnings. EARNINGS!!! Earnings are the only this that will make this stock go up and stay up. Mgmt needs to run this company as a profitable enterprise. God knows they have had enough time to figure it out.
Speaking of distribution, it has been stronger than accumulation as Institutional Ownership report shows on nasdaq website. New positions of 283k, 185k of which was Eberweins fund. Over 500k shares sold, six funds sold out. Not sure if Boston Avenue is still holding, they are not shown in nasdaq report. 13F might be the place to look.
Thanks. Haven't left the stock, just took a break from watching day-to-day fluctuations. Mgmt mis-steps are the reason for the losses an hopefully CEO took corrective action. The company bought SEP back in the early 80s.....they should know it rains outside by now.
The things that glare out at me on GV's chart, are the 200 day SMA, and the large gap between 2- 2.50. From what I've seen over and over, the price will test the 200 from below again, and then break out above for good the third time. Maybe also close the gap at that time too. A catalyst might be better/great 3rd qtr. earnings.
If they keep screwing up, we'll be caught in this 1-2.50 range for another couple years. If they can clear .10 a qtr. going forward, it's 2.50 +.
I'm no technical chart expert, but it looks like the 6 month chart shows a classic double bottom or "W" formation. The one month and 10 day chart looks like a triangular consolidation. All this points to a break out coming very soon to the North. Opinion only.....and thoughts out there?
Sentiment: Strong Buy
Just checking in.... Solid Second Quarter, on both top and btm lines with projected Revenue for 2015 in the 120mm/annum range. I had some brief correspondence with mgmt., whom wanted my vote. I explained that rain is a very poor excuse for very poor performance, and refused to reverse my vote. Hopefully, that is behind us now. Mgmt needs better contracts and better risk-management. I think a lot of what the CEO is now dealing with used to be handled by the former head of SEP, Bob Jones.
I glanced at some of the bashers posts.......clueless! Probably degenerate gamblers that are short, or fired ex employees with a grudge. What's far more important is the 185k that Eberwein bought in his Lone Star Value Management Fund, per 13F. Not a gigantic buy, but certainly more bullish than a sale. See Nasdaq new positions or the SEC website. The shares are not his personal shares (which he may have sold) as indicated by the shared voting in Column 8 of the 13F. The 13F wouldn't cover his personal portfolio anyways.
Be well longs and enjoy what's left of the summer. Time is sure going by fast.....
Ok, it's Lone Star, with a space. J. Eberwein. 185,000. I don't see a purchase date. There's an GV- Eberwein sch. 4 from 11/2012 that shows he had 350,000 then. Maybe not a new buy?