PXLW is down on technical. I predicted this price early November. I also happen to think it is not finished (depending on the Gomes effect). Before that PXLW was up on hype. I think that the price should stabilize somewhere around 4 before we see real sign of improvement. For now I am closely watching this babe and I hope to get 3.5.
Sadly, I completely agree with you. I feel like the trend could be changing. The price has hovered between support 1.74 and resistance at 1.86. I somehow feel there is 50% chance it goes up and 50% down. I still hold the stock, I feel the company is going in the right direction and it is already very cheap so the downside should not be too big.
First of all, some disclosure. I was long RENN (a few time) and may initiate a position if it goes low enough. I am long KUTV since early november. I invested in Ku6 because I love their new UGC strategy and I think that their financials (currently a mess) are going to poise higher as a result of an increasing popularity. I am also closely watching what's going on in the video sector and was pleased to hear positive things from 56 on the last quarter of RENN (which otherwise was horrible). I am trying to figure out how great 56 is doing and to compare it with Ku6. If I understood correctly, they are implementing the same strategy and currently have similar rev (3-4 millions). I thought 56 was dying (from its Alexa slide) but they said most of the traffic is on mobile (which is a very positive sign). So, does any of you have opinions to share? (strictly about 56, dont care about RENN for now)
I will see. For now it is still 3$, but it might change on Q4 anouncement. I am also closely watching Quantcast. I agree it is the best play in social media.
Busted RenRen worth more than a billion. Meetme is on the right path to continue growing and is not a simple replica of Facebook. I strongly believe it should worth much more (currently 70millions).
Sentiment: Strong Buy
Today was excellent for MEET, slow climb all day long. Tomorrow, if we open around 1.8 and repeat the climb back it would be a strong reversal sign. Keep watching that 1.86 level. My target is still 3$.
I agree with most of your arguments. However, MEET is undervalued because rev, and web users declined. Now, they seem to have regained traction with their mobile app. (which is good) and two last quarters showed some improvement. However, growth isn't quite big and I guess that is why share price is only slowly climbing back up. Moreover, you can't compare RENN which has almost 200 millions users and which have gaming rev, group buying unit, video sharing, etc. Also, RENN is a declining website and I think MEET is not. So RENN is on the path to die, MEET is on the recovering path. Still, social media segment is hard to predict long term. That is why I am in for a medium term with a 3$ target. If the next few quarters continue to show improvement, I may become a real LT investor.
I like it too. I think we are gonna test the 4$ level before earnings. If only I had more money to put in.
Sentiment: Strong Buy
Not sure this stock need mindless pumping. MEET is heading higher, probably 3$ in few weeks (4-10), but 90$ is clearly out of the options. That would value the company to 3.5billions. Before we can get this valuation, MEET is gonna have to prove it is there to stay and they are in major players. After that, who knows, it might be possible.
You guys should also check the technical. Right now PXLW is poised to go lower. It does not only have to do with whether or not the company will have the success Gomes is selling us, most stock dont only go up, they have momentum and right now this momentum is down. I am looking for an entry point at 3.5, I may not get it, but it seems the stock is heading fast in that direction (with few rebound along the road).
Sentiment: Strong Buy
Well, I am mostly watching for a return to growth in rev, but also for mobile monetization. For the first part, there is still some work to do, but I was actually surprised to see the increase in the proportion of mobile (65% YoY). Overall, Q3 is a good continuation of Q2 which marked the turn of the company (which was declining before).
Don't forget that the reason MEET is priced so low is because of the decline in rev. and in PC users. Now that we see improvement, it should get back to previous level (3$). Moreover, the decline in rev. was mostly due to one customer which was also a huge investor in MEET.
It is a short term downtrend, overall, we are still in uptrend. The price hasn't (and probably won't) break the 50SMA and is far far over the 200SMA. I thought at first that we would not reach the 50SMA (I bought in 2.42), but here we are.
Also, when we say a stock has bottomed, it doesn't mean it can't lose few more pennies. But if you look at the volume and the trend, you'll see it is slowly recovering and almost ready to climb again.
I'll post a chart on stocktwit. But I say we are in uptrend because the lows get higher and the highs get higher. The trend began 25th of June. Before that, we were in a downtrend (lower lows, lower highs).
Sorry for my bad english btw.
Thanks, I did not enter on weak movement this morning, but I may get in if it hold 2.40
MEET has been beaten again. After Q2 release it dropped from 2.27 to 1.50 in two weeks. However, it climbed back to a higher high of 2.48 before Q3 anouncement. But again, even with the good earnings, it dropped the morning after. It has now bottomed to 1.8 which is much higher than the last time. I think that over the next weeks, we will see 2.20 and before Q4 release, we might test 3$.