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PureFunds Video Game Tech ETF Message Board

  • who_gnu_1235 who_gnu_1235 Dec 24, 2013 11:17 AM Flag

    recent buys

    HH and RVM

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    • sold most of RVM

    • I am very familiar with RVM - be careful. You basically have a double or lose 50% or more situation. It's pretty much dead money for the next 3 to 4 quarters. When they do get back into operation, they will be posting losses or very minimal profit. Momentum traders will come/go periodically so you may be able to make some money on the moves. The insider purchasing is little more than for show. Management doesn't give the entire story to shareholders/analysts during the conference calls.

      In the mean time they will be burning through their remaining cash and will need more. I made a little money on it when a few of the insiders all bought a couple months ago, the shares popped, I got out (luckily) and then they announced more bad news sending the stock down to where it is now.

      I've looked at HH, still on the fence about it.

      I repurchased a very small position in LTRX today as it seems to be bottoming, but if it goes lower will keep buying in small batches. Looking for a January - March rebound.

      I also purchased some PRXI today as it also seems to be bottoming, is off a large amount, can have a January rebound, etc.

      Looking to buy more FHCO on any dip - another director purchased shares.

      Have bids in on a few other things...being patient for the sellers to come to me.

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