Well worth the wait. Longs suffered water torture, and now shorts are getting fricasseed. Exquisite! Let 'em BURN!!!
Charles Allen needs to stop gallivanting around as a a bitcoin boy celebrity and start working for share holders. How is it Overstock can do millions in bitcoin sales, and little Charlie can't even bring in 5K? They need to start promoting the shop and, while they're at it, improve their blasted search engines and product offerings!
It's a long term hold for me. By the way, SLGD just reported very nice earnings -- sales up 27%. I'm concerned because the bulk of revs came from selling products for Church and Dwight through an agreement that ends in December. They have renegotiated and limited their opportunities, although they claim the bulk of sales are to a single customer. There are only a million shares outstanding and half of them are closely held. The stock is thinly traded, and I don't understand why it doesn't blast off, except that, as you pointed out, it has a long history of alienating shareholders.
MM's seem to be raising the admission price today for HTM. Last minute gamblers must pay for earnings after the bell and CC tomorrow. I've added quite a bit in the last couple weeks.
Well OK. I'll stop this "conversation" now on the premise that "he who argues with a fool is a bigger fool."
Well, we must have listened to different CC's. I'm not as detail oriented as most of you, but I clearly remember when they announced mojo to great fanfare and how the stock ran just afterwards. I made a huge mistake in not selling out the 350K gain when it touched the low .90's. When earnings then failed to deliver and he barely mentioned mojo, I realized we had been snookered. Now, before shorts jump all over this, I will also say that insiders were buying in anticipation for this new console cycle. If there was ever a time to be patient with MCZ, it is now.
but the opening reaction here says a lot about how Darren has squandered his credibility in recent years. The mojo hype vs. reality was a big strike against him, and we might be feeling some impact now. Of course, this might also be the old MCZ head fake, where it drops on earnings for a day or two, then pops, despite of the blathering weasels!
LOL! For those of us who make a living this way and have grown rich, it is called VIGILANCE! Anyway, even if it approaches obsession, it is more easily justified than the activity of you loser trolls! What do you even stand to gain?
They will be soon. In the meantime, I can buy from Tiger Direct, Dell, Bitcoin Shop, Overstock and any number of retailers. My bitcoin account is worth more than when I started, and I can time my purchases to spend when the BTC price is up and hold back when it is down. Free money and a fun game to play! As much as I can be critical of OSTK, they were smart enough to jump on this and get some market share. To me, it is an IQ test for CEO's. The ones who are sitting around with thumb up posterior vs. the ones smart enough to grab a share and establish bitcoin business early. You must be a moron if you fail to see where this is going. Bitcoin as an inflation free money transfer mechanism is only going to grow. Buy some bitcoin, buy some of the retailers using it and go short Western Union when the time is right!
If I was working for them, I'd gladly take payment in bitcoin. The price is very attractive right now and I suspect its future buying power isn't going to erode as quickly as fiat currency.
That's funny micro. I'm raising some cash myself and also taking tentative steps to look at some inverse funds. Trouble is, I believe in a lot of the small caps I own and also think they have already been beaten down. This is a tough environment, IMO.
Oh, I see. Someone tell this joker that I too have bought goods from OSTK using bitcoin. What it did to me twice was fail to account for a coupon discount which was written into the order. It took my bitcoin, then cancelled my order -- twice in two days. Customer service did almost nothing for me except waste my time. My bitcoin was refunded but it was still a nuisance to the point that I have just thrown up my hands and moved over to Bitcoin Shop to spend my btc. The company needs to get the bugs out of its technology and , if there are any thick headed arrogant monkeys like sugarsail42 who think the customer is always wrong, fire them immediately!
that this is trading such paltry volume one day before earnings. At least there are no sellers, even if MM scoundrels are happy to drop it anyway. Could be a good situation for the reckless on Monday, when I expect the market will hurl in a follow up of yesterday. If MCZ drops, then has a good CC, any one #$%$ enough to have bought will make out pretty well IMO.