We are seeing a walk down right now as volume is considerably lower so far today..., this needs to change to see us recover by the end of the day.
With November same store sales numbers in today and even Cramer this morning on CNBC saying RAD is a strong buy (which is probably why the stock is down, he scares the #$%$ out of traders) I think todays dip affords many the opportunity to position themselves. That said we may close up by the end of the day as volume is strong. Another good day for what ever shorts are left to cover. My guess is a close at $6.07
this sell off end by the end of the day. VVTV was up over 8% yesterday so this mornings action was expected and considering the volume a good sign as it creates a buy on the dip. Now we could be down today by a few cents buy IMHO if volume stays strong we may see a move above 6.5 to 6.54 by the end of today. JMHO.
I posted a remark on the news article from Zacks on the yahoo piece. In short Zacks uses a model of computer formulas which do not take into consideration any changes to the fundamentals..., thus why IMHO it is unreliable. I find some analyst do the same thing in this day of computers and thus why most are behind the curve. CH who before this year was with Raymond James and then Piper J where Neely is now doing the real work that CH did on VVTV but she again IMHO isn't really doing the hard work as I believe she has yet to replace him and has too much on her plate..., but I could be wrong. So I do put more stock in CH than the others right now. I put no stock in Zacks and I have never done so as I think their model is flawed and that goes for all their stock coverage. When one sets a Target they need to look out over the next twelve months to project returns, revenue and earnings. However if Analysts are only looking at data or numbers recorded then they are prevented from looking out and are only looking at data of the past. I think this happens a lot in the markets of todays computer age. This method does not help investors at all and IMHO is just a waste of time.
People unable to see vision are the ones who really need Google Glass. The potential for glass is far from the original product coming out. People said the same about I-phones and apps and how many jobs in new industries have been created because of these products. Glass will someday be able to change the eyecare industry alone not to mention apps created for it to do far more then we can dream today. Open the mind and you can see potential..., Close the mind and play with your Atari pong game. Be apart of change or be a grandpa unable to use a cell phone. Think and learn new things or fall behind making yourself unmarketable in the job market.
Yes, change is difficult..., but it will happen with you or without. Well, maybe the government can help those who fall behind the curve..., at least learn how to find their web site to apply for the handouts. Success is found in the dreamers and doers. Failure is fighting the change only to be left behind. It is your choice.
As we saw an owner of a café had to come on air on CNBC to explain why he refused to have a customer because the customer didn't want to take off his google glasses. The customer left and posted on social media his dislike of the decision forced upon him by the café. This is just another example of not understanding new technology. If privacy is in question then why do we except i-phones that take pictures? It is the same thing with glass IMHO and this café owner should be careful as this technology takes hold that he will see a decline in customers. He needs to consider his decision to ban the devise and what the effect will be on his business plan. A customer lost is one that will not come back and social media can have a dire effect when it is a negative as others will not even give this business owner a look.
is that eastern, central or pacific time? True the market trades more in the second half of the day but that could be just because California is just getting out of bed.
This is a great time for shorts to cover as IMHO next stop for RAD is $7.50 in the next 3-4 months or sooner. RAD has turned around getting rid of non performing assets (stores) and is leaner more now then in their history. Not everything goes straight up so take advantage of the dips. This chart is looking very nice and should continue once the nervous hands shake out. Today another 52 week high was set before the drop. But so far it is a minor drop and if it continues to trade above $6 today, we could hit that high again by the end of the day or even higher especially if the market is up too. All JMHO.
Looking at todays jump in the chart to a new 52 week high 6.55 and if we can hold above the 6.4 number where strength is building right now we may see a move to 6.63 before giving up some at the end of the day if that trend continues. This will depend on the volume though. If the rate of volume continues we could see over 1M shares trade by the end of the day if not sooner. Now if this is an institution as I expect, this will mean another or existing holder long term and will shrink the daily available trade shares further. If that happens we could see a good run for the stock for the rest of the year and into the first couple of weeks in January before nervous hands come into play. If the nervous hands hold or the trades fall to the long holders accumulating them then the run will continue and if earnings beat the street numbers for Q4, then CG may either depart or drop their effort to oust management and see no need for a special meeting at this time, and stay for the ride, keeping management on their toes to perform. All JMHO.
mar, For sure VVTV has a stronger balance sheet today than back then and KS deserves the credit for that. Wallstreet just has to believe again. But without the uptick rule in place volatility is high especially with the shorts controlling the flash trade possibility. The SEC needs to put some form of an uptick rule back to reduce market risk. That my friend is my biggest concern in todays markets.
Already hit the average daily volume. Wonder if it is the CG or another institution. What ever shorts are left will most likely cover. Should be interesting if we can hold to the close and finish strong. VVTV is IMHO way under valued to its peer group even at this price. But one also has to admit it has been a good year. 2014 is looking to be even better with consideration of the customer growth..., now if they can only monetize this to profits then a double or triple could be very easy to do.
Craig-Hallum has a $10 price Target they put on VVTV Nov 26 with a buy recommendation. Have not seen anything further today.
I am a long term investor and do not time a market as changes can come quickly. So I set a price to hedge against the real unknown thus my first position. In the case of PAAS their beta is 1 that means they can trade on a daily bases 1% either way.They have been on a continued down tick with bump ups along the way, meaning a down step ladder chart wise, each time moving to new lows. The average I calculated is 1.6 with a high of 2.7 and low of 1 and seven steps down. At the point of average I then calculate a variance to the next break below the last 52 week lows near term to where I want a position with consideration to the bump up, that number is $9.70-9.53. As again I do not time a market or stock and want to hedge against a turn in the chart (at some point the down step chart will turn to an up step chart) I place a limit order for my first position, knowing the stock may continue to step down. Now keep in mind the industry is under pressure so one would have to correlate and since this industry is one of the easiest ones to do this with a company it is a simple calculation to do. So once I get the spread set and look at the history of the industry, calculate where a true bottom could occur (remember we do not really know), then I can calculate where I want to start my position and where I want to accumulate more as long as fundamentals of a company don't break down and it is just a market move that is occurring in an industry.
So you asked, why buy at 9.7 when I think it can get to 7.5? It is simple, as a long term investor I will hold or add share to get to what I consider my full position shares wise and again I do not time a market or a stock. As a long term investor I will expect to hold my position for a minimum of three years or more but average five years. Now along the way I will not only collect the dividend but also write covered calls when a bump up comes or a run happens and the stock runs to fast for its fundamentals, a covered call is written.
mar, thanks for the correction, not sure why I was thinking January was the meeting, guess I was on vacation too long.
1999 would be nice to see again, not sure we will see this in 2014 though. For that to happen we would have to grow sales 15-20% and have a consistent profit...., one can wish though. For me I just want us to improve on margins and show positive earnings. I think KS and team needs to get more links in e-commerce side and continue to grow customers by 10%+ per year. I find it odd that although I get e-mail alerts from VVTV that I don't get any promotional information e-mails from them on products I am interested in they may sell. I see all kinds of banner adds for the products so it seems the internet is doing some kind of tracking in this area. Even when I look up a stock symbol the banner ads all link that symbol to their ads. It would be nice to see some internet advertising by ShopHQ or see more of an expanded effort in this area by VVTV especially on items or products they want to move volume on. Some sort of Christmas blitz promotion that would bring new customers along with current customers to the web site. Something that would be a bit different and yet more exciting than their competition has.
I think CG is preparing for the special meeting. KS and team have hedged themselves a bit with todays news and having the meeting in January as that is the month of returns. Is it possible CG is doing some trading.., highly unlikely unless they are not wise enough in the SEC rules on this potential type of activity. Or they may be doing an end around by the way they have structured their holdings with consideration to the Cannel group shares..., thus why we may be seeing a sell off at the end of each day..., this can only go on so long IMHO. Now they may not be doing anything in trading one side or the other so this may just be market forces. But questions have to be made to any possibility of shenanigans by this group because of the unprofessional letter they countered with recently to KS and Team. In other words I for one question their credibility bases on the words used in that letter. All JMHO. I do think a close look at any if at all trades in shares and call-put options by these two groups is warranted to observe so no laws are circumvented. IMHO the SEC should be on alert and take action if necessary for any company that would have this potential type of activity. If both groups are on the up and up then good for them and they have nothing to worry about.
Is it just me or is anyone else having trouble posting to Yahoo today?
Today we could see silver break $19 to the downside. I expect we could drop as far in silver to $14.50. If I am right PAAS could go to around $7.50 per share. However I have a bid in to take a position at $9.70. Then I will wait until $8.30 double up if I have the funds and then double up again at $7.50 to reach 80% of what I want in my position. PAAS is a good investment long term and will do well when silver starts to climb again. For now pressure is on the metals industry..., all of them IMHO. But when interest rates start to climb again metals should improve but we may have to wait a couple of years.