yes, the market has declined the past couple of weeks. but there's no sense in selling out of ovti or anything for that matter. i just typed up a few great companies (wmt, intc, csco) and they're all at their 52-week low. this can not possibly mean they all got bomb shells to drop. ovti has been sold on panic and fear. the entire semi industry has been beat up pretty bad. but that doesn't mean things will continue. i would however advise against buying anymore on margin. i'm long w/ only 1000 @ 12/share. if this thing falls into the 8s i'm gonna average down and buy more.
let's say you're an insider holding 500,000 shares of lexar. valued at today's price that's still a little over 4 million dollars. 4 million dollars taxed at long term capital gains of 15% is a very A LOT of money. you can retire w/ that money. that money, used correctly can create generational wealth. do you:
a. let it ride all in 1 stock hoping it'll run to $20 /share so you'll be worth 10 million
b. take out 3/4 of it, (3 million) and buy a big house, nice car, pay for kids schooling and still hope that 125,000 shares of lexr go to $20 a share?
if you don't choose b. then you obviously haven't been through the dot bomb era when thousands of ppl went for being worth tens of millions in options to being worth nothing... i believe insiders today have learned from past mistakes.
i'd have to agree. with all that selling pressure at 8:1 sells to buys the stock should plummet but it hasn't. makes me wonder the vadlidity of these orders.....i traded mags a few months back and there was a 70,000 share buy order which disappeared second the stock price got near it. i think it's MM's attempt to manipulate ppl's emotion, and thus the stock price.
up 15%? why is the entire securtiy sector up double digits? is it trying to rob small time investors like it did a few weeks back? short these stocks especially synx, icts, etc. it'll be down 20% in a couple of days.
their music cd/movie dvd collection is pitifull it's a tiny bin at the enterance of the store. personally i think it's a horrible direction to go but that's me. but it's such insignificant business. however if it does improve used game sames then i'm all for it. if the economy goes down the toilet, used games will become more popular than new ones. and isn't the margin higher on used games anyways?
2.5 decline in same store sales means that ALL the revenue growth came from the additions of new stores. which isn't bad but doesn't bode well for the US Gaming market. yes, halo 2, mgs3, gta: sa, halflife 2, gran tursimo 4 are all making their way into the holiday season but why buy now? is this the absolute bottom 6 months out?
"Comparable store sales declined 2.5 percent, in line with our expectations."
geez, sounds awfully like GME. that and the fact that they posted 23% growth in revenue over the same time last year. BUT, as Motley Fool pointed out EBLO is has been adding signifcant # of stores. 100 this year and i think 300 last year.....i dunno. at 24.5 ELBO isn't overvalued BUT 24.5 defintely isn't the bottom. i'm hoping accumulate in the 18-20 range....good luck longs. i'm not bashing. i'm just telling it how i see it so don't get offended or pissy.
i think it guides down or inline. i just looked on ebgames.com and it seems like all the good games are coming after sept. meaning all the money elbo makes off them will be in the quarter from sept - dec and the chirstmas season.
quality games worth buying before september:
- doom 3
- world of warcraft
games after labor day:
- half life 2
- gta: san andreas
- gran turismo 4
- halo 2
- metal gear solid 3
- everquest 2
- madden 2005
- starcraft: ghost
it's no question here. sell now before the bad news hits. it's questionable whether to buy back before sept. but definitely buy into the yearly sept. selloff. the last quarter of this year has some crazy good games coming out. i know i'd camp out for metal gear and gta (blood vs crips) if it came to that. that's my take. good luck.
i'm not saying mags will have bad as in terrible numbers. all i'm saying is good earnings could be priced in for a blowout already. so we won't know how the market will react to even a blowout quarter. look at tasr or sndk. they both beat estimates handedly but still dropped like a rock post earnings. i think the entire security sector is looking to mags to destory estimates tomorrow. so i'd much rather sit on the sidelines and make a few dollars less than risk my money and hold before earnings and make a few more dollars but possibly losing more as well.
i_love_game, you're a complete ass. there's no substance to your endless ranting. why 8.2? why is that the bottom. isn't the 52-week low the support? stop spreading bs in hopes of getting the stock at a cheaper price. also might i add 20 cents on this stock will not make you or break u if you want to go long.
i guess but relatively speaking wdc is undervalued compared to mxo and stx. so either those 2 gotta correct down to where we are or we gotta correct up to where they are. us becoming more undervalued jsut doens't make sense. but it looks like we're bouncing now. i guess wait and see is the only answer.
why mxo and stx are both up today? both guided losses for next quarter. mxo has a worse pe ratio and worse financial health (debt/equity). wdc has better pe ratio, better forward looking pe ratio. all 3 have fell comparably in price. so why is wdc suffering and the other 2 running w/ the nas?
earnings is 4/28....it could go either way. a coin flip. why take that chance. cash out. wait until after earnings. if it's spectacular u'll still make money, just not as much. if it's not u not lose money. don't gamble b/c of earnings. such high expectations could mean huge disappointment
it's only making the panic selling worse. sell orders out number buys 3 to 1... will make any person uneasy. u think ppl will stop to look at the price of some of them? no they'll just panic and sell at market. u're shoot us in the foot. w/ those stupid gtc 150s.
well stock market is supply(sell) and demand(buy)...yesterday sells outnumbered buys 7 to 1 from 1pm on and u can just tell the short term trend of the stock will be down. stocks on runs usually have buys outnumber sells 7 to 1....u're telling me if more ppl sells than buys the long term/short term prospect of a stock will go up? that i cannot believe.