chester_molester: Say, what??!! So, I haven't "traded at nowhere NEAR the peaks and valleys"??!! Ummmm. I bought GLUU @ exactly $2.00 back in 2012 long before YOU ever heard of the company!! I've also posted my trades in real time since early 2013, again long before you and most of the other pumpers even knew about GLUU.
BTW -- I mostly trade stocks in my IRAs where there are NO tax considerations to influence buy/sell decisions. My after-tax brokerage accounts are primarily for options trading. I'll compare my IRR on GLUU trading with you or butthair any day. In the future, try not to be so judgmental and narrow-minded with incomplete information. LOL
Bump -- For those still hoping for the pipedream of AAPL buying PXLW, my previous June post explains the stark reality!! Live in that buyout La-La Land at your own risk!! LOL
great-nohair: If you really believe that GLUU is an "investment grade stock" then you're truly a novice investor living in a fabricated dream world!! Hey, pal. I've got some oceanfront property in Arizona for ya!! LOL
Frankly, I find it amazing that so many GLUU pumpers are still in denial!! By definition, any stock that tanks 37% in less than a month after setting a new high is a volatile speculative stock. Period!!
BTW, great-nohair: Bragging about a GLUU buy @ $2.80? In my first accumulation, I bought GLUU @ $2.00 on November 21, 2012 and I'm currently working on my third round trip. That said, it doesn't change the blatant reality that GLUU is simply a trade and NOT an investment grade stock.
I see a lot of both mindless starry-eyed pumping and hateful bashing on this board. Yet nobody seems to really understand how GLUU actually trades, possibly because there are so many newbies on the board. Just closely follow the trading history and match it with events....
Both big rallies over the last year were off extreme lows after the company sold stock. The subsequent rallies off those lows were the direct result of the release of wildly popular new games. The stock then rocketed to unsustainable new highs. Then traders cashed out, investors grew tired of the losses and shorts piled in as the stock tanked off the highs. Rinse and repeat.
So what does all this mean? Like all gaming companies, the stock rises and falls on the results of new games (just consider the plight of the much bigger KING). Nobody values future company prospects because any new game is an unknown, it can be either a huge winner or a dud. In addition, even blockbuster games have a limited lifespan due to the fickle nature of gamers. Finally, GLUU doesn't have the critical mass to sustain consistent revenues and earnings in such an unpredictable business. Put it all together and GLUU will continue to be a volatile stock. Savvy investors will trade the swings but never fall in love with the stock. Those that do have paid the price and will again in the future. Good luck to all longs. ;)
This spastic psychotic trading drives me nuts and tries my patience!! It's nice to be back up again but how long before it rolls over again??!! LOL
Here we go again!! Up 15 cents then down 30 cents. That's a 4.5% reversal for no good reason. I'm generally a patient investor but this puppy is definitely testing my resolve!!
Re: "I have the sense that much of that short has already been closed out."
I totally disagree!! PXLW closed @ $6.19 on August 15 and had been trading in the high $5's and low $6's for over two weeks. Therefore, the shorts were still piling on at these low prices. Further, short interest has been greater than 10% of the float since April (2.2-2.8 million shares). My view is that short interest will remain greater than 2.5 million shares until the stock can rally back to $8+ and force shorts to start covering. At any rate, I like a high short interest (for the future buying power) as long as the "story" remains intact and Walicek doesn't disappoint.
Sweet Karen: I call you that because of your obvious "sweet" nature and how you are kind and considerate even to those on this board who are mean and obnoxious.
FYI -- I'm now holding 240% of my original target position in GLUU plus a rather large long position in the GLUU $5 Jan-15 calls. I really ramped up because I believe that GLUU was way oversold down below $5. I've already made more money trading GLUU over the last year and a half than any other stock in over 32 years of investing. I plan to make more on this round. You should stay invested for now.
BTW -- The name "Karen" is very special to me. Back in the 1970's I had a very hot and heavy relationship with a girl named Karen. Sadly, due to circumstances it didn't end well but I still have many, many fond memories. Good night. ;)
hopeful200: Yes, I totally agree that short interest has popped (I just caught the latest report). That said, I mainly focus on the percentage of the float and days to cover. I'm currently working on my third round trip in GLUU beginning in December 2012. Many times last year the short interest was 25%-28% of the float and 10-11 days to cover.
Investors must realize that the company has issued a massive amount of new shares and the trading volume has really multiplied in recent months. This allows the shorts to get in and out of positions much more easily (currently only 2.78 days to cover). I'm not trying to totally downplay the shorts but it's still only one factor in the trading equation. If investors were more bullish on GLUU they could move the stock higher and potentially force a short squeeze. Personally, I'd like to see a squeeze but it's not likely with so much liquidity in the stock. IMO Good luck!!
Karen comment: "When there is a little weakness, the shorts make a quick hit."
Sweet Karen: Don't be like the mindless pumpers on this board and assume that every decline is caused by the "shorts". In my view, GLUU made a quick run to a new high and as the stock declined off that high, more and more traders took profits. As the stock finally tanked 30+% and then stayed down, more traders and investors "threw in the towel". That continuing shock and further loss of confidence in GLUU, keeps the selling pressure on in the near term -- until some good news breaks the morass. Bottom line, the "shorts" are only one factor in the GLUU decline. IMO
Sweet Karen: "Hope" should never be part of the investment equation. Usually, if your future gains depend on hope, you've already lost the game.
Be patient. I fully expect that GLUU will approach new highs this year but likely not in the near term as longs, traders and shorts continue to battle it out. IMO ;)
glhsken: I said "nearly impossible" which is TRUE due to disclosure requirements. Walicek desperately needs to guide for Iris and licensing revenues to retain interest in the stock. The fact that there was NO forecasted licensing/royalty revenues for Q3 speaks volumes. That Walicek downplayed near term revenues for Iris was also quite revealing. Betting big on the come with a spec chip isn't what investors prefer to see in a microcap.
glhsken: Look, it's nearly impossible for PXLW to have "a piece of" iPhone 6. Why? It's quite simple -- no iPhone 6 revenues in Q3, NOT in iPhone 6. PERIOD!! It can't be more simple than that!! No matter how much longs may wish for it, it's a silly hope against reality. In fact, it's likely that Iris won't generate significant revenues until 2015, if at all!!
PXLW just completed another intraday 20 cent round trip!! This puppy just gets no respect and the disappearing "bid" shows it. Come on, Walicek. Give the longs some good news!!