two issues in the intermediate term which are somewhat bearish are the 50 million plus shares coming onto market from visa and bulls or supposed bulls talking it up so they can exit. Kass has done this in the past. if he is pumping too much, it should indicate exit sign.
I didn't see headline but typically it doesn't work out to sell into collapse and yesterday low rsi, if you wait a couple weeks, you can get 10% back, so this is relatively typical. I still plan on selling within next couple weeks, I don't have the multiyear horizon for this investment which it requires. Plus I need the tax loss to take against gains.
let's say they are successful than it has to be from organic growth, not betting on buyout which seems limited in upside. this becomes a highly speculative play then given several down guidance this year.
reward is 30% upside if bought out, which is about 60c, and could take years if not ever happen, risk is that it goes down more reverse splits, and loses another 50% value, and eventual stagnation or bankrupt. what am i missing on the upside which makes this not a sell for a long holder
none of us can be sure that cooperman/kass havent sold out. ramimd lives too much off projections by company/analysts in the distant future, this is fraught with peril. typically after a plunge like this, the stock will move around 5% for weeks go up about 15-20 putting it near 55 c, and then collapse again. my planned exit is mid 50 c, the rsi is too low to sell now
My 2 cents: 1) they obtained the technology to reproduce monif in house 2) by publicly announcing they are selling their stake now valued at around 35m, they are taking some loss (pennies for a multibillion company) but more importantly invalidating monif as major player (as visa is the premier credit payment company) and possibly will drive monif into bankruptcy. consequently, they will simply take over their previous business with in house tech. Otherwise, this will crash the stock so far down, they can buy for pennies on the dollar by choking them off. Classic shark business,
hoping a company gets bought out is not a strategy, ibm can easily just wait this out and watch in tag 20c then buy, realistically they have to start revving up business or its over, with the latter favored. Kicking myself for not selling at 51 today, typically stocks will double bottom so will see 43 c tomorrow, if it doesn't bounce there, free fall will continue.
was working, didnt put in sell order since i just got back. decided to give it one or two days. in my 15 year history with market, it has always been mistake to sell with rsi at 25,
how would you respond to the fact that visa is going to dump about 60 million shares onto market? whose going to buy those when they flood market in a name with huge dilution already? This broke its all time low today and its conceivable it could go to 20 cents (not joking or trying to be mean). if someone will give me 50c i am out
for those one living on their last desperate hopes of buyout by ibm. at best, it would be 60c, so this is a no win situation short and long term unless they have organic growth (and they have downguided several times)
you would think the one from visa would have known something, we'll never know. stock is making lower lows, i think reverse split is going to be announced so will try to exit before then. stocks trading at 40c level are destined for reverse splits
nice post bananas, you have to have discipline in market, cut your losses instead of losing all. I havent been able to sell yet given volatility, hoping to get 51 cents (may not get there). agree that ramimd is stretching now to fit own previous beliefs, sometimes we are just flat out wrong, like now
theories on how this is bullish are coming from left field now, the best credit card company in the world is cutting ties with monif after 2016, they are likely doing in house competition and will wipe the floor with it, after they likely got skillset from monif with affiliation. i will take visa over penny stock anyday of week
people were using that same rationale for visa when it went down the first 40%, if ibm was going to buy it, they could get it for virtually pennies on the dollar at 50 cents per share. however, they have not, just an alliance not ownership, my mistake on this one is that i bilindly followed in kass, cooperman, miller. everyone makes mistakes but very few will admit them
with expected 25% decrease today, this will hit all time low, around 50c, 2 years in to be at all time low, means they will not likely be able to make it in the business long term
imo, the stock is technically broken and also fundamentally. their huge share dilution makes now it less valuable than few years back, at current price in the 50 cent range, this is a huge red flag for a penny stock. I made a bad decision going long at 95 c for 35k shares but may as well get something rather than nothing, as sometimes these go to 0 or what i see for monif a reverse split=death spiral.
what's amazing is the cheerleaders here who still pump, they are obviously not going to be a big player in mobile banking game long term, the big boys, esp aapl, didnt include them. let's be realistic here