European central banks reached agreement in May that will result in no significant sales of gold by member countries for 5 years starting in September, while Far East countries and Russia are starting to rotate away from the US dollar into gold as the standard. Starting to make sense why Soros is making a bet on this sector. Supply and demand about to become imbalanced, it appears.
LOL....did you read the quarterly report? Do you understand it? Rose colored glasses suggests that the stock is overvalued when compared to true value....could not be further from the truth. Understand financials and you'll be a better investor and trader. Right now you are just flailing.
It makes VK phones competitive in first tier markets like the US and Japan. 3G is good for Mexico and SA, but to have an impact in markets that have already shifted to 4G/LTE, you need an offering that adopts that technology. this will be IFONs first handset that does.
Agreed...the market has spoken. KTCC is worth in the mid-$10s, not the irrational $6 you suggest.
If 100k is "a lot" the there are a lot of shareholders on this board who have "a lot" of shares. Keep in mind, people were buying back in the $.60 range not too long ago.
Of equal importance, they've paid off the line and have ample working capital to fund growth. Now they just need that demand...
Forward PE is little more than fantasy land for any company, and more so for a small cap that is vulnerable to delays in booking sales quarter to quarter. We can all play the game of what annualized earnings will look like going out 2-4 quarters. i can just as easily peg it at a $1, and using the industry norm 15+ PE, you're looking at a share price of $15+ That's more based in reality than your original post, which relies on nothing more than fictions invoked to serve your purposes. It's the purpose that I don't get.
Could be a bit short fueled, but this feels more like institutional action....I just listened to the CC...certainly some interesting developments.
No doubt that is what he is...I've got nothing against momo players. I have something against condescending posters who bash stocks they are not in, denigrate investors who don't share their view, and provide deceptive and ultimately (intellectually) dishonest viewpoints.
Barney has had some good momo picks over the years, and he has had some stinkers too. IIRC, he was almost wiped out a few years back on his "sure picks", such as WPCS getting acquired. Yet, Barney never shows the humility of someone who has been proven wrong, many times. I have had my fair share of bad investments, but I"m not following Barney around on stocks he owns (and I don't) to tell him what craep investment he's made.
Hmmm...a reasoned analysis. Don't show that to Barney...it won't comport with his (manipulative) view of the world.
I think you are a jak@ss, no offense intended. (see how that makes it all right to be rude?)
I know exactly what you have done, Barney, but I'm calling you out for yet another baseless, bashing post. Like I said, I can pull annualized earnings and PE ratios out of my #$%$ to support any concluded value, but it has no relevance unless based in reality. Really, you don't use PE ...? Let me quote your post that started this thread: " If this were to be priced by p/e it should trade around 6 bucks." IF you don't use PE, why did you cite it to bash?
More importantly, do you ever get tired of being a total #$%$? You used to be a valuable contributor to these boards but all I see from you know is a manipulative, abrasive pr!ck. If I had more room in my ignore box, you'ld be the first to go on it.
It was just an okay report. Expectations by some were higher. Very good year over year performance, but I think there were many who were expecting sequential growth and not seeing it are selling and moving to their next hot play, and there are no buyers stepping in to take up the downward pressure. Those with a longer horizon will view this as a buying opportunity.
LOL...learn how to value a company. Funny how these armchair financial experts show up purporting to have some valuable knowledge about the price action, but in their very comments they reveal a complete lack of comprehension on how to value a company. Great time to sell putz....right after the co. reports $.95 and projects higher. Classic.
Well, i can say that 2 X 3 = 6, but how is that any more relevant than your analysis? again,, what is the industry avg. PE ratio and TTM earnings? If that answer gives you a PPS of $6, then perhaps your comments are meaningful. If not, you are once again bashing without apparent reason or basis.
Riiighhht....what is the industry avg. PE ratio? What is KTCC's TTM earnings per share? I never know how to take your posts...do you really believe the stuff you write, or do you write it for some intended effect? I know years ago you admitted to bashing that SE roofing company to buy lower, so you certainly have a track record of deception. It is hard to tell sometimes, but this post is sufficiently "out there" to give me doubts.
Not funny...there are multiple ways to value a company from a fundamentals standpoint. For example, assume annualized earnings of (4 x $.93) $3.72 per share. Apply a PE ratio of 15 and you get $55.80 per share. There are lots of different ways to approach it, but none of it is funny....it is how knowledgeable investors approach investing in the market. It's the only way to determine if stocks are priced fairly, over priced etc.
Goldman Sachs has already said that the floor on gold is about $1,250, which is on average the cost of getting it out of the ground. They reason, logically, that if gold goes below $1250 for any sustained period, mines shutter, supply goes down and price goes up. That being the case, and given ANV is MAKING money at $1,250 per ounce, all shorts can hope for are temporary spikes below $1,250 to unwind their position. But, trying to get out their position on those dips will be like trying to get out of the theater when someone yells "fire." Someone's gonna get trampled. I think shorts are stuck and don't have a legitimate plan to get out of their position....it's gonna get interesting. I have 50k shares saying they're going to push this up mightily in the coming months.
It's just a matter of time, in my opinion. There will be some selling as traders pull profits, but those in for the long haul will ride it higher. The question is how long will it need to digest the gains before marching toward real value?