I jumped in recently hoping that we would see the same run up prior to earnings. So far, I'm still about even.
Should I jump out before earnings (assuming they're bad), or just ride it out and hope for the best? I almost jumped out today, but decided to wait one more day.
Before DH 2014, GLUU traded within a reasonably predictable range. It would hang around $2.40, run up to $2.70 and then dip down to the $2.20's. I felt that if you bought anywhere in the low $2.30's you'd always come out. Yes, it did go as low as $2.12 with the secondary offering, but those shares were an early Christmas gift.
Now with the profits of DH2014 the bottom has obviously moved up. I'm guessing that the lowest this should go is $2.80 and that if you buy anywhere between $2.80 and $2.90 you should be okay. Of course, today could be a simple setback and it may go back up tomorrow, but I've decided that I'll wait until it gets down to the $2.80's to jump back in.
I jumped in today too. I don't know about the earnings report, but it seems like this usually bottoms out around $3.25 and then makes it way back up to $4. Seems like a good time to jump in.
This may jump up and bite us sooner than we think. I worry about the future for my kids, but now I'm wondering what my "golden years" will look like.
An excellent question. I took some profits on the recent uptrend, and I'm hoping to jump back in after the earnings report. I think that the 3rd quarter results will still be bad, as DH14 didn't have much time to add to the quarter earnings. The fact that they had to do the secondary offering so soon ( I expected some time next year) leads me to believe that they were really burning cash.
However, the earnings outlook going forward should be much improved, so it's a bit of a gamble. Will the market react to the losses of the 3rd quarter or the potential for the 4th quarter and beyond? I obviously thought it was smart to jump out before earnings, we'll see if I'm right.
Given that GLUU looks like they may have a hit on their hands with DH2104, I thought we would do more today. Volume was under the daily average and we were down 1¢. I wasn't expecting $3 today, but $2.50
would have been nice
You don't want to get into a price war with Apple. They actually make money and have a huge cash pile. That's another reason why I think Pandora is in trouble.
I switched from Pandora to iRadio and I think it's great. The same station on both platforms will deliver some different songs, but I actually like both. The main reason for the switch is less ads, seamless integration with iTunes and no billboard ads on the application itself (Pandora would often throw up a dating website, which didn't look great on my work computer!). I also think that as time goes by, Apple will fine tune iRadio even more.
Pandora is not going to disappear overnight. Still without some Hail Mary, Scooby-Doo plot twist event that no one saw coming, I don't see how this stock will see $27 again. Good luck with your long position. Will you acknowledge if/when you jump out?
Before DH2014 was released, I was looking for the quick buck myself. However, after the great results this past week, I'm thinking that GLUU still has a ways to run. You're correct in that we need to see how it holds up over the next couple of weeks.
You can say "play more like this" or "don't play this song", so not directly comparable. There is also a slider that has "Hits, Variety and Discovery"
so supposedly you can fine tune your station that way. There is definitely a difference between my Modest Mouse Pandora station and my Modest Mouse iTunes Radio station, but I've enjoyed them both.
One thing I never liked about Pandora was the display ads on the application itself. If I didn't minimize the window on my work computer it might show an ad for a dating website. Not the best thing to have showing on your work computer.
I agree, I could have made a lot of money with this stock, but I've never been comfortable with their business model. Even their CEO admits they pay too much for the songs. I've been wrong about this stock before, and I could be wrong again, but I just can't believe that even the most ardent longs aren't just a little nervous about all the positive press for iTunes Radio. We shall see.
I'm really curious what the short interest is now. It's been fairly high for the past year, but I can't believe that most investors wouldn't have covered their position when we went down to $2.12 recently. Were some people really waiting for this stock to go under $2?
I don't have a position in Pandora, but have been following this stock since it was under $10. At every junction, I've been waiting for the stock price to correct itself, but it keeps going higher. Now, iTunes Radio has been released, and the stock price will surely fall... or will it? It's not often that you have a very successful secondary stock offering the same week that your biggest rival launches a new killer product.
Ultimately the market will decide, but my take is that this will be similar to BlackBerry. When they launched their new phones earlier this year, many people said that this was the beginning of the turnaround. The market said otherwise, and now they're stuck with almost $1 billion in unsold phones.
Pandora won't go quietly, but I don't see how they survive the loss of market share to iTunes Radio.
And here's the link: