Just know so little about the fundamentals but I know trend still up. If we can get through the 200 day MA this week, that could lead to the 50 day crossover and the next leg up-
Things do not happen rapidly in this space.
that would go down easier had MGT not just run a 1000% month. I go back to the idea that after so little for so long, we need to see profits, exceeded projections leading to raised estimates - not things we normally associate with Widepoint. I do not discount current uptrend and hope we get something to break through the 200 day MA and keep going.
Beginning to see your point of view victori - he reminds of a old SNL skit with Billy Crystal and Chris Guess. It would take a minute to realize they were masochists while they described taking a large nail and putting it up a nostril, then wondering what would happen if they were to smack it with a hammer. The punchline seems to apply here - I hate when that happens!
Larson, some smart traders use stocks like WYY, as opposed to what has happened to some here, letting WYY use them. Consider the trader who bought 10,000 shares this morning at 79 and gets out at 83 before the close -do that 5 days a week for a 6 figure annual income. The message to me is if you have to fall in love, do it with the trading trend, not the stock. I've taken profit this week on WYY (on a much lower level than my example) by watching where the buying is and the selling is, and I finish week still in the stock, out of respect to the uptrend. I understand those who see a larger theme in where WYY is going and they may be right this time, but a stock like this offers constant profits, so use it as a vehicle, and if it hits big, all the better -
Larson, I believe your prediction is pretty close. It is mainly trading on technicals, and resistance at the 200 day MA is pretty tough to conquer. But I think the resistance will become soon become support and I think we can move back over $1 soon- it is also my opinion (only that) that the fundamentals that get discussed here are mainly ignored in the trade. Again, when sp of a micro goes 2.3 to .47 in a few months, show me bottom line results is a reasonable request-
Long term holders have enjoyed a return of -99%. Put a dollar in here, get a penny back here. With a market cap of under $5M, I propose one more name change. This is not DXI Energy, this is Capital Loss Maker Supreme!
Larson, an intra-day swing of 10% on a tiny micro is about as common as day being followed by night. Some smart person filled their plate at 353 PM and we'll probably have a good day tomorrow.
WYY has a beta of 1.6 meaning it is 60% more volatile than the broad market. Usually micros in favored sectors fare pretty well in big selloffs - everyone is too busy duping XOM and GE to care about Widepoint!
Larson, this is a buying opp and I hope to add if we have a solid open Fri. When a stock has been down this long, there will be selling at every penny, but the key for the signal to buy more presently is low volume. But trying to predict the closing penny is not a good use of anyone's time. Trend still good here.
the other thing worth noting on the chart is that the 50 and 200 day MA are starting to pinch the price line. As the 3 come to an intersection,the price line usually moves dramatically. That last happened a year ago and the result drove the price line to 2.3 from 1.5 in a very few weeks-
having added a few more shares this morning at .78.
reminding me of a quote from Gen Jack Ripper in Dr Strangelove:
That's nice shooting soldier!
In looking that up, I came across this further thought from Gen Ripper,which sounds a lot like Mr. Trump's immigration plans:
Your commie has no regard for human life, not even his own. And for this reason, men, I want to impress upon you the need for extreme watchfulness. The enemy may come individually, or he may come in strength. He may even come in the uniform of our own troops. But however he comes, we must stop him. We must not allow him to gain entrance to this base. In the two years it has been my privilege to be your commanding officer, I have always expected the best from you, and you have never given me anything less than that.
after a few years of sitting on the sidelines
that is where a rational person would have been and that has been my bone of contention on this board. I can see now some good things are aligning and being reflected in the chart.
thanks for sharing this - did the newsletter writer like anything else in the security space?
Larson, you are handling the lull after earnings awfully well - don't think it hasn't been noticed! I bought back in yesterday at .79, and you know how long I was bearish.
How about a game of When Back to the 90s, as in guess what day we get back to .90 or above - I'll say May 25th - take a stab if you will.
It is actually trying to rally here late Tu AM - someone sees what I do - Golden Cross beckons!
as is often the case, the chart is anticipating that uptrend you note about 2 quarters ahead of it being realized, we hope. In mid Apr though early May the chart was trying to start an ascending triangle. very bullish, and a lot of it was short covering, even more bullish. Chart flat now, but trend still long's friend-
digesting huge gains mainly; 25% 1 month, 50% 3 months. There also must be a show me factor here. Its apt to bounce around for a bit before next leg up. In the interim, consider WDC, buying the puts that is. The perfect short that his never out of style, certainly not for the last 80 points-
you have a point der i, telling your friends to buy a stock as it comes to life to go into one that has steadily lost 80 points -awful thinking. The DOW has just finished a massive double top and I think it retests 16000 as WDC goes to 25-
This is from the 12/12/15 Special Situation, Value Walk piece. They were right, just early, and some of the smartest people I've seen in stocks are often early-
We purchased two new securities in September, Widepoint (WYY) and Garnero Group Acquisition Corp – Rights (GGACR). WYY was trading over $2 a share when a Cyber Security ETF (Symbol: HACK), which owned 11% of the shares outstanding of WYY, started selling shares without regard for price, caused by the ETF fell 36% during the flash crash on September 1, due to investor liquidations. Eventually the ETF drove the stock price down so much it triggered an outright sale event (i.e. the ETF cannot own a stock under $100 million market cap), which further pressured the stock. Eventually the stock hit $0.80, when a deep value investor, Nokomis Capital, bought the remaining shares from the ETF (Nokomis was already the largest shareholder of WYY).
We like to invest in securities where someone else is forced selling without regard to price. We believe the current business with government contracts in hand is worth roughly $1.40, and longer term should be sold in 2016 for over $2 a share. WYY management reiterated its full year 2015 guidance of $75-80 million in revenue, which is a 50% increase year-over-year. On June 29, 2015, WYY reported a partnership with Samsung; this is just one major partner they are working with on a new product for mobile phone security.
it is a high beta stock and it has never been good for more than a position trade,which is why so many people are under water. That may be changing now and my plan is to take half a position now and the other half as the cross happens. I'll hold until the cross over carries us where it does, but I want to keep some position long at at all times, because I think they will be bought. But I know you are right about value - their price/sales is about half of the industry. My thought is no one should let a gain turn into a loss with taking some profits- that price action last summer was just cruel - worst I've seen since 2001 and no one wants to do nothing during that-
that is exactly right.I know I'm opening myself up a bit here, cause on many charts, those crossovers mean very little, because it is often a lagging indicator.. But WYY must have some keen watchers with cash to act with - both of the last 2 crosses were close to perfect trades-
II made a rather benign post about the new MGT CEO and it immediately disappeared! If it comes back, what I was trying to say the new MGT CEO is a wonderful American, and like Godfather said when Michael had to go to Sicily, I look forward to him being cleared of those false charges!