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Global Cash Access Holdings, Inc. Message Board

  • britnick27 britnick27 Dec 23, 2007 7:55 PM Flag

    Friday's late release

    I think they did this by design just to make all the shorts shit their pants over the weekend.

    With only a half day of trading on Monday then off for another day I think the short squeeze will be even more violent.

    I can't wait, tonight is my Christmas eve,

    Shortnuts roasting on an open fire
    Puts are picking on their nose
    Yuletide carols being sung by a choir,
    And folks dressed up like Eskimos.

    Everybody knows a GCA and some mistletoe,
    Help to make the season bright.
    Tiny longs with their eyes all aglow,
    Will find it hard to sleep tonight.

    They know that Santa's on his way;
    He's loaded lots of toys and covers on his sleigh.
    And every mother's child is going to spy,
    To see if bashers really know how to fly.

    And so I'm offering this simple phrase,
    To longs from one to ninety-two,
    Although its been said many times, many ways,
    A very Merry Christmas to you

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    • reeve Dec 23, 2007 8:28 PM Flag


      Are there any other stocks you like? I hold a gigantic position in this company and eventually need to venture out and diversify once this is in the $11 or $12 range again. I kept pouring more and more money in to this when it took a nosedive to lower my dollar cost average, I knew the drop was bullshit and way to extreme.

      Are there any other beaten up companies that are bound to make a comeback that you can think of?

      p.s. check out ticker symbol "FMD", let me know your thoughts... Thanks, Reeve

      • 1 Reply to reeve
      • Hi Reeve, FMD is another one of those beaten down plays that attract my interest, it did have a decent bounce back on friday but still way off this years highs. I don't think we will see many 52 week highs in any of the financials so the job is to pick the oversold and get in and out on the ranges and anticipated announcements. (I will look at it a bit closer and get back to you)

        One I am looking at very closelty is MBI. Got hammered on a disclosure that guys at Merril and Morgan were saying was not disclosed properly. Rating agencies also came out and threatened to drop it to AA+ if they don't come up with another billion of liquidity in the next 6 weeks.

        Warburg Pincus recently poured another half a billion at $30 and a half billion worth of options at $40. This is in addition to their 2 million shares already held.

        So why am I still reluctant at $20?. I shouldn't be, its nice to get with a 50% cushion from guys like Warburg.

        I am pretty sure the better bet on this one is the in the money options. Feb 20's are $4.40 on the ask. I truly believe that they will have announced another billion by then and we should see a pop back to 30 which will give you a double from here.

        Tempted to buy the January 20's at 3.20 but we only have 3 weeks till they expire.

        On the agenda for some bump ups on this one:

        A conference call annoucement
        Walt Warburgs letter to Investors.
        Successful raising of the billion

        If it drops in the next week so be it, don't worry. until the annoucements are completed and Tax Loss season is behind us we could see more volatility in this play. You are banking on them raising the dough and providing some guidance that goes against the gloom and doom that is out there right now. If we get to the third week in January with no movemnet or down from here then consider rolling your options forward a month or two.

        All of couse IMO, the shorts on this play are BIG players and can move the price with bogus commentary. It is trading near the 10 year low, nuff said.

        Good luck tomorrow!

    • LOL. I love it. See you at $12 tomorrow.

5.39-0.26(-4.60%)11:26 AMEDT