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Corrections Corporation of America Message Board

mince38 47 posts  |  Last Activity: 16 hours ago Member since: Aug 5, 2001
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  • 17,000 shares might just be a "plump sucker" who recieved an advert about this stock in the mail, who knows? It could also be priming this thing to gap up tomorrow so the shorts can start hammering it some more. Why do all humans read into stock movement what they want. eg-if this was a OTC stock and jumped 4% after hours we would laugh at anyone who thought itb was smart money. Remember too....goldman sachs, merrill and all the big firms have been ripped off for hundreds of millions over the years and the money im sure is in places totally untracable. You all forget Global Crtossing and Enron so very quickly. And this thing has nothing near the market cap of Enron nor the prestige institutions behind it or the famous financial whiz's running it! I repeat myself again...this either goes to 50 in a year or under 5 bucks. Period.

    Sentiment: Hold

  • Reply to

    CENX VS. AA

    by mince38 Oct 22, 2014 12:13 AM
    mince38 mince38 Oct 22, 2014 1:00 AM Flag

    I hope so. But with a peg ratio of .41, that means AA is so rediculously undervalued I dont get it. Also, they have a return on assets of -14%!!!! Nobody can stay in business being in the red on return on assets for long. Why are they not profiting for every dollar they invest? Also ,why is there no insider buying. They dont even own 1% of the co.!!!!! While CENX mgmt OWNS OVER 40%. Now who would be more motivated to show up early for work every day?

    Sentiment: Buy

  • Reply to

    Thinking Outside the Outerwall

    by dvds_are_dead Aug 15, 2014 11:04 PM
    mince38 mince38 Oct 22, 2014 12:48 AM Flag

    if you are right, and thats a big if...why cant redbox sell codes you could enter on your computer to watch streaming on your own computer or tv. Maybe even partner with netflix on this? Do you think they will actually waste all those machines in walmart and supermarkets it took them years to get in? If just one creative moron in this company has a plan B for the vending machines if your prediction is right, we will explode. In fact, whats stopping them from expanding into target and best buy and even other countries? Sure they could go the way of blockbuster. But they dont require employees and huge rental spaces so everything is all profit pretty much.

    Sentiment: Strong Buy

  • Reply to

    CENX VS. AA

    by mince38 Oct 22, 2014 12:13 AM
    mince38 mince38 Oct 22, 2014 12:26 AM Flag

    I really wish I could find out how much AA could sell their metals for compared to CENX and still be profitable. Im wondering with CENX doing so much better lately than AA, maybe CENX can sell at lower prices, just not to big boys like Boeing like AA have as customers. Why the heck is AA getting its butt kicked by CENX when it has 5 yrs of guaranteed income just with Boeing?

    Sentiment: Buy

  • mince38 mince38 Oct 22, 2014 12:21 AM Flag

    yeah right. Im sure its his own money too. (eyes roll) And was that in his demo account? -) Seriously, with the best day weve had in the market in weeks and this POS IS DOWN, it seems if any bad news comes out at all this will take a big haircut. To me, either this stock is worth $50 a share or $2 a share. It depends whos doing the accounting. I'd like to buy both puts and longs on this baby but I hate buying melting assets. Can we all agree this thing has almost no chance of being this price s ame time next year? How about next month?!!! I love this stock but you cant beat the tape. I invite all of you to read my other posts on when to get back in after I got stopped out for a tiny loss many points higher.

    Sentiment: Hold

  • mince38 by mince38 Oct 22, 2014 12:13 AM Flag

    Can someone please tell me why CENX continues to have such a tiny market cap compared to AA? I looked at the financials , especially forward p/e and return on equity and CENX is killing AA, yet AA has that 5 yr contract with boeing airlines which doesnt seem to be affecting the price as much as even CENX is running. What is the case of buying one company over the other. They both look like buys, but CENX more so, yet both companys are barely break even on return on equity!!!! What does CENX have in its future to warrant pulling so far ahead of AA especially since its not even breaking even in return on equity or barely so.

    Sentiment: Buy

  • I told you guys 15 reasons over several posts why in the end the tape, or the price chart always tells the true story. We all even thought it was cheap at its $22 top. Why is no one mortgaging their house and taking out loans now, then? What does your "gut" tell you. Read my past posts, I even gave stop and back in numbers. Ive been a swing trader for many years.

  • Reply to

    Thinking Outside the Outerwall

    by dvds_are_dead Aug 15, 2014 11:04 PM
    mince38 mince38 Sep 24, 2014 12:41 AM Flag

    But who can compete with them as far as pricing, , impulse shopping, and all the walmarts and supermarkets they have their vending machines in? Location, location, location. The numbers and their domination in this arena have to merge. And my opinion is this will skyrocket. The numbers dont make sense. It would be like buying microsoft 5 yrs after they came out and had the majority of the market share and still growing. Who can oust these guys. Besides...when I leave my supermarket or walmart...Im hungry. Whats the first thing a person wants to do when he is hungry? Eat and.........yep, watch the tube! And those late fees I pile up thinking I will return it the next day...whew!

    Sentiment: Strong Buy

  • Reply to

    Shorts Covering

    by beijing_investor Sep 23, 2014 3:43 PM
    mince38 mince38 Sep 24, 2014 12:33 AM Flag

    Everyone said the shorts were covering when this was 21. Most of the high volume days were up days to boot. Charts dont lie. The daily chart is under the 8 and maybe the 20 sma by now. Swing traders know.......you never buy long term in a downward trend. Dont give me what this was last year. This thing is going backwards while the market roars upwards. What happens when the market corrects? Wth....maybe this thing will blow our minds and take off if the market corrects 15-20%. And we are so due for a correction we are almost in "this has never happened in history" territory for the overall market.

    Sentiment: Hold

  • mince38 mince38 Sep 24, 2014 12:28 AM Flag

    ronson....Form your mouth to God's ears as my dear departed grandmother would say. I hope she goes to 100 in the next 12-18 months. But....price doesnt lie and neither do charts and this thing has been bleeding red for weeks. We shall see.......

    Sentiment: Hold

  • mince38 mince38 Sep 13, 2014 7:26 PM Flag

    I want you to be right. But the charts are showing that theres more selling pressure than buying pressure. Even with its small capitalization, it should be over 25 by now. Someone have the book keeper call me. -)

    Sentiment: Hold

  • mince38 mince38 Sep 13, 2014 7:21 PM Flag

    Often reverse mergers are a big sign of weakness. Lookup last 10 reverse mergers and tell us how they are doing. But overall they are bleeding red. When this thing went under its 8 sma on the daily, that was the time to get out. This stock trends very well for swing traders. I wouldnt buy till its back over 17 for a nibble 18 for anything serious. And 22 for a 2nd add on.

    Sentiment: Hold

  • ...we all know 'the story' behind this stock. Now of course Warren Buffett and George Soros and even Donald Trump and other REAL savvy investors whoa rent reporters or press release writers...........ohhhhh Im sure their people just6 dont know about this stock yet, or cant find out, We are smarter than their whole staff. Throw in another 2 or 300 "pro's" who would gobble this up at this price in 2 minutes if this was real. So...we have 2 scenarios............

    1- Either we did stumble onto that once a year opportunity that miraculously is still under the radar.

    or........

    2-if something sounds too good to be true, it is.

    It must be one or the other, am I right? At least I am willing to say "Anything is possible." I would love to read true stories in ayear from now of brave men who mortgaged their house at 6% to buy this stock which surely must appreciate way more than that IF THIS IS REAL. But.....did we all forget Enron all too quickly and how they fooled the 'smartest guys in the room"....of which we are not. We just arent close enough to the company. So is it behind door number 1, or door #2????

    Please....I want to kick myself when this is at 25 in one-two weeks with assive black candles on the chart. Thats the way this is going to rise. Its going to go up so fast the average guy wont have time to buy in. Agreed? Then again the small retailers are so stubborn if this declines it will be very very slow...like death by 1000 cuts. We will all jump in if this goes down to 7 and then jumps quickly back to 9 again,wont we? Thats the way I would do it . But if this is legit it will suddenly go up so fast on so little news your head will spin. Right?

    Sentiment: Buy

  • No one is focusing on directly competing with it as they think its for ghetto and white trash kids. Partly they are right. But if Twitter can capture the "Robb report market and the sachs fifth ave crowd to make it fashionable to twitter, if they could get stores to hold 5 min sales all thruout the day at bloomies and Macys and women are looking at it all day as they wander around the mall, then we have something. But right now we have school girls with pimples and no cash to spend on twitter making up all the numbers. And some bangers annd rappers and hookie players as well. They better get more sophisticated users as this is like being Google in the beginning. If they stay the way they are someone any minute is going to trash this co. Can anyone say microsoft, apple or google. I cant believe apple wont want their own version soon anyway. You better believe its coming faster than a silk glove up a dead fishes........... I say twtr is at $5 in 2 yrs or 105$

    Sentiment: Hold

  • mince38 mince38 Sep 11, 2014 2:46 AM Flag

    Not enough. I say every correctional officer too, especially them, so guys who get raped in showers dont have to be ashamed. Its all on camera. And nobody in prison should have any rights to privacy from cameras. Too much at stake.

    Sentiment: Buy

  • mince38 mince38 Sep 10, 2014 11:33 PM Flag

    And as usual, the individual retail guys like us pay for it! What reason would this thing have droped over 1.50 per share since the deal. In my opinion, dilution always puts a drag on the stock...forever. If we get bought out at 52.50 a share in the future, the real price would be 53 without this dilution. But thats ok ,unless they wind up whoring the co away and keep diluting. If we see another huge deal like this for 5 times the size after we get back to our yearly high of about 21, we will be sucking wind and carrying dead weight for 12-24 months just to get the institutions out of their stock. Remember the dealmakers and institutions motto: Always be a seller, never a buyer.." I know, I was a stockbroker and thats the golden carrot our bosses gave us...."there will always be winners who buy stock. But the real money is always been and always will be in SELLING stock! Nobody ever made money by buying. Lets hope we are sellers with happy faces in about 2-3 years. We dont want any buyouts just yet! -)

    Sentiment: Buy

  • Reply to

    ALIBABA will drive KNDI up past 30+

    by beijing_investor Sep 10, 2014 9:54 PM
    mince38 mince38 Sep 10, 2014 11:26 PM Flag

    He's right. I just looked on their site. Not only is Kandi cars listed but they have choices of suppliers to buy from. Sort of like amazon. Now, what the next person should do is do some research on alibaba and see what other similar cars a person can buy. They were talking buying, not leasing. Even better! I wrote in asking for a price for both as thi s supplier will only sell 3 vehicles min. Wow! Now the question is, does Ford, toyota and honda also sell on there making us moot? Next researcher ,please. This is ther first sign that this co. reallly exists beyond hot air and press releases. Im a believer!!!!!!!!!!! But....will honda and toyota get into the game? And will they buy this co. out which would make us all sick if they offered like $25 a share now. I want at least $60 per share. I havent built a big position yet.

    Sentiment: Buy

  • mince38 mince38 Sep 5, 2014 10:46 PM Flag

    Gary, good point. My first question is...what exactly is the range before recharging? Secondly....these are chinese, not spoiled westerners like us1 This market is strictly for those who cant afford to buy a car. They will be thrilled to rent or lease a vehicle and they arent too lazy to have to recharge every day if need be. Besides, TWO OTHER HUGE FACTORS: No doubt battery life extension is first priority of the co., and secondly they will surely start mfg larger and snazzier cars if the demand for it is there. One market I can see them doing...................LIMO'S FOR AIRPORT ARRIVALS. And you rent the driver too! They will figure that out real soon. Plus expansion into other asian countries and maybe Dubai will be staggering in the future. And the truth is, lots of american parents would get a funky looking car like that for their kids graduation ,lets say for a year rental or lease if they couldnt afford to buy them a car as a college grad or birthday gift. THE MARKET IN USA will be huge! i JUTS HOPE the books arent being cooked.

    Sentiment: Buy

  • mince38 mince38 Sep 5, 2014 10:27 PM Flag

    good, you make an excellent point. How many of us Americans if we were college students or working moms living in China that cant afford a car till AFTER they graduate or after kids get iolder.....but can afford to lease or rent one of these cars NOW! Also, what is the range the car can go that the other person was complaining? Im thinking, even if it can only take a person to work and back for 2 days before needing a recharge, thats not an inconvenience to the chinese who rely on public tran, only us westerners who are spoiled.

    Sentiment: Buy

  • mince38 mince38 Sep 5, 2014 10:20 PM Flag

    Ed, You sound like you know what time it is, if you get my drift. Can you tell me, why......if this company has back orders that would take 3-5 years to fill juts at their present capacity, why are they at this ridiculously low price? Ed, #2....The huge contract they got with Boeing, also tells us in probability, that Boeing must have shopped every contractor in the country if not maybe even the world for the best price as their order was so big that they must have bargained AA down to the lowest possible prices, so this means that Boeing in all likelihood can make the parts at the cheapest prices of anyone. Dont forget that BHP is the biggest mining co. in the world. They could have went to them. But didnt! So..why isnt AA not being hit from China and also Dubai for huge orders as well, much more than they are getting now? #3-Why is CENX which was a peanut in market cap 2 yrs ago compared to them, and seems to be their main competitor, why is their share price skyrocketing at triple the pace of AA? (At least they were over the last year) I used to follow CENX, I used to day trade the stock, now I am going to have to do more research into it. Maybe AA should have bought them out when they were just $8 a share. What do you say Ed, and anyone else who actually did research.

    Sentiment: Buy

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