I guess $22 here we come
SHUT THEIR MOUTH...... Why is it every meeting they have the urge to puke out " DO NOT EXPECT TO SEE ORDERS LIKE IN THE PAST..." Are you kidding me. What a great way to talk down a stock.
I have been trading GIMO since IPO day. For those who do NOT use technical charts I want to show you something. On your chart pull up the ChaikinMoneyFlow pattern.
If you pull up a 6 month daily chart and apply the ChaikinMoneyFlow pattern you will notice where the selling stopped and where the accumulation started.
When you see this pattern increase you will know it is time to jump onboard the GIMO freight train. Right now the sellers are done and just the longs are slowly accumulating. We need news from the company or analists upgrading to get more accumulation.
I personally feel 2014 will be break out year for GIMO. They will be done spending on the HQ move and GDP around the world will improve.
My RothIRA is in only 4 stocks. GIMO, NM, NMM and TSLA. I am adding to my GIMO every payday.
I would not be surprised if we get a buyout in about 1 - 2 years. I am NOT saying MSFT.... but someone will pick them up. I am LONG this one
Finally we have a new board for GIMO. This stock has a lot of potential. over 50% yoy growth. Right now it is end of year and no one wants to risk losing money. HOWEVER, come January GIMO will be in favor again and BOOOOM. we should be back to almost $40 mid 2014.
We have to remember they did a secondary at $38. means the brokerage firm who developed the deal knows the company is worth that at this time.
The drop is because of the following reasons.
2) insiders selling shares off lock up
3) End of year
4) CFO stated on the CC they did not do spending in his quarter and increase head count but plans on doing this in the current 4th quarter. This means the guidance was a classic UPOD.
5) Limited info on this company.
I work as a domain admin and I have to tell you this is a product that can change things in network world.
One more thing. There is one thing on the CC that most investors missed. They mentioned that they are working with the Japanese government. I always thought Japan was a head of us technology wise. I guess GIMO has something all governments need.
After trying to keep myself awake from the monotone voices, and that poor analyst who said "Good Afternoon" to only get silence from Molycorp leaders I decided MCP is DEAD MONEY till Mid\End 2014.
Cash flow equal not including interest beginning of 2014 and MAYBE cash flow positive in 2015......... ZZZZZzzzzzz , Sorry guys this stock is not going up or down. DEAD MONEY for the next 6 months.
I will be keeping my eye on Neo prices.
SorbX is a DEAD product. If they could not find a use for the product by now they never will. How long does water treatment plants need to test a product to see if it works.
I will be holding my shares as it is to cheap to sell.
I am long 8k and am about even, with trading. The story is a good one. However, we are relying on future growth and Rare Earth prices. We need to listen to the CC tomorrow and hear their comments. The CEO did say they would be cash flow positive by 4th Q. They also did say the 3rd Q would not that great.
I guess I would tell you Do NOT buy any more (As I have stopped buying) the news needs to be more upbeat before I buy more.
Look for GIMO (Gigamon) to POP.... Earnings Monday. down on 2nd offering at $38