It's up 14% in three months. Up 21% since I bought in on May 8th. I'm glad my buy order at $14.40 finally filled. Hopefully it will make another run to $17 before the end of the year.
Well, I only have about a week and a half of data to go on. But so far your prognosticating abilities are leaving a lot to be desired.
Yeah, I was actually kicking myself because I had a chance to buy back in at $13.25 after I sold, but I was holding out for it to fall into the $12's. And instead it shot back up.
Man, I wish you'd be right about something. I sold at $13.68 (having bought a week earlier at $12.16) and would like to get back in.
I’m with ltoneal. I’ve mis-timed the highs and lows – selling before the peak, and buying back in before the low. But I’ve tripled my money over the last year and a half buying on the highs and lows. And I’m out at $3.32, hoping to get back in at $2.50. It’s having a good day, but it will spend the next two months drifting back down. I’d be surprised if it doesn’t see $2.25 again before too long – after I bought back in at $2.50. And then, a few months later, it will be back at $3.75 – after I sold at $3.50.
You can count on it making a run before the earnings release, then drifting back down after. I sold some this morning at $2.96. Plan to sell a little more if it gets much past $3.00. Then I’ll buy back in when it gets back to $2.25.
Thanks. I’d never heard of Pike before, so I don’t think there’s anything magical about them. They’re just risking real money, and I was just wondering if your take came down to they’re making a bad bet.
Can I ask you a serious question, nice guy? What do you make of the Pike deal? Just looking for a skeptical take on what they're up to.
Mine's about 11 cents. Hurts, but whatever. The rest of the portfolio is doing well, and at this point it’s worth holding on to just to see what happens.
No, you misunderstood. This was just a display of Spongetech Sponge Bob sponges, hanging on the end of an aisle, in the toiletries area. It was 3 across and 4 down, about 4 sponges deep. So it held about 48 sponges. And 6 or 7 had been taken.
Yeah, Wal-Mart is starting to put the bath sponges on hanging displays in the toiletries section of the store. I saw some at a Wal-Mart in Texas on Wednesday. (That was actually the first time I'd seen the bath sponges in a store.)
I've seen the pet sponges at two differnt Petsmarts, but always in the As Seen on TV section.
Almost everyone in the world has never heard of this stock. A small number of people come to this message board, and they’re primarily on the short side of the stock. That’s what it says.
I was driving through Texas a couple days ago. We were in some rural town about an hour north of Dallas, and we stopped by a Wal-Mart. And they had them both in an “As Seen on TV” display up near the registers, and on a hanging display in the makeup area. The hanging display held about 50 sponges, and maybe 6 or 7 were gone. The “As Seen on TV” display was fully stocked – none were taken. Except my 5 year old saw them and asked for one, so we took one. And both my kids were pretty anxious to play in the bath with it, and they loved playing with it. It made me wish we’d bought two (we only bought 1 because my other son had already picked some $5 toy he was getting.)
It seems to me like they should get decent sales volume on these. We’d buy more if we saw them in the store again.