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Latest  |  Highest rated
  • OCZ: Accounting Issues And A New CEO Who Gets It - Is A Turnaround Likely? [View article]
    As far as RP, I'm starting to question the fraud aspect. He comes out and touts to investors that OCZ has too much demand, than he can't even get the parts to make the products and he apparently was selling them at or below costs. He was playing some game to boost revenue with no hope on the bottom line. No investor wanted him doing that. The only reason to chase revenue was for higher profits.

    The CC wasn't clear on what exactly was going on with the incentives. It wasn't clear on much of anything other than reducing some of the product lines and focusing on profits.
    Oct 10, 2012. 03:03 PM | Likes Like |Link to Comment
  • OCZ: Accounting Issues And A New CEO Who Gets It - Is A Turnaround Likely? [View article]
    Sold above $2 before the call. Glad I did b/c the call was horrible. Maybe OCZ still has some great technology, but the balance sheet has to be screwed up. Negative gross margins and 40M of operating expenses will provide one heck of a horrible Q2 report.

    Don't see how the stock can be touched until a new CFO clears up the cash situation and the new CEO outlines a path to profits. What is the new revenue base? Margins?
    Oct 10, 2012. 02:57 PM | Likes Like |Link to Comment
  • Glu Mobile: Social Mobile Gaming Play [View article]
    Well, GLUU the company might be doing better than ZNGA, but GLUU the stock is getting crushed.
    Oct 10, 2012. 02:45 PM | Likes Like |Link to Comment
  • OCZ: Accounting Issues And A New CEO Who Gets It - Is A Turnaround Likely? [View article]
    Stock is untouchable at this point. Nothing more than a gamble. The conference call did nothing to affirm any of the deals such as the lack of comments regarding MSFT. New CEO could've easily stated that nothing has changed from the previous statements yet he chose to be silent.

    His comments by obtaining market share at all costs were very damaging. All of the revenue estimates can't be relied on or at least the assumptions have to be made that RP was obtaining those for selling at cost.
    Oct 10, 2012. 01:58 PM | 2 Likes Like |Link to Comment
  • One Billion Zynga Reasons To Continue Shorting Facebook [View article]
    In full disclosure, closed my short right at the closing bell when it didn't break below $20 on a very weak day. Expect to re-short around $21 or $22.
    Oct 9, 2012. 04:09 PM | Likes Like |Link to Comment
  • One Billion Zynga Reasons To Continue Shorting Facebook [View article]
    Thats not logical at all. Fundamentally the only way to make money on a long is for the stock price to gain. You never make money just become the economic position of the company improves. Just like you don't make money on a short just b/c the position worsens.

    Heck, the situation at FB could and should improve over the next year, but I still see the stock declining. If you claim its easier to pick failing companies, than it makes no sense to ignore them. Once it heads down just let it head to zero.

    If you like dividend paying stocks, I'm not sure I understand why your even reading or commenting on FB. Naturally you don't like shorting in that case. A short in FB is meant to hedge risk against a long in AAPL or GOOG.


    As far as market risk, if you want to reduce that risk than have a long/short portfolio where some stocks will benefit in a down market.
    Oct 9, 2012. 04:03 PM | 1 Like Like |Link to Comment
  • One Billion Zynga Reasons To Continue Shorting Facebook [View article]
    Of course Twitter has a different use case than FB. Twitter is useful for finding out information and making connections while FB is useful for connecting with old friends. IMO, that makes Twitter worth 10x that of FB.
    Oct 9, 2012. 03:45 PM | Likes Like |Link to Comment
  • One Billion Zynga Reasons To Continue Shorting Facebook [View article]
    Its a site for people to 'pin' pictures/places on the internet that they find interesting. Such as a clothing or jewelry item. Think Zappos is working with them in an attempt to match up Zappos shoes that are similar to what they've pinned.
    Oct 9, 2012. 03:41 PM | 1 Like Like |Link to Comment
  • One Billion Zynga Reasons To Continue Shorting Facebook [View article]
    CNBC just has a segment with Michael Wolf that summed up my opinion probably better than I did.

    He had some interesting thoughts on how new sites will be built off the FB concept with niche focuses. Those sites will attract the advertisers that want the targeted audience.

    Not really sure that is true unless you can call Pinterest that. Personally I think FB will just die a slow death. We are seeing his point with Twitter. StockTwits is a perfect example of a niche built off Twitter that is stock focused. It has the potential to attract the investment dollars similar to a SA that Twitter will never atract.
    Oct 9, 2012. 03:39 PM | 1 Like Like |Link to Comment
  • OCZ Technology: A New SSD Called Vector And Potential Licensing Agreements [View article]
    Think the odds are much more in favor of a relief rally. OCZ would have to announce cash problems in order for the stock to plunge. Any resolution on the NAND inventory, positives on B3, and just the confirmation that the CEO resigned unrelated to any fraud issues should sent this stock higher.
    Oct 9, 2012. 02:30 PM | Likes Like |Link to Comment
  • Glu Mobile (GLUU -19.9%) crashes following a critical note from Northland Securities. The firm says conversations with management lead it to believe the company is disappointed with its Q3 game launches, and sees this limiting smartphone revenue upside. Glu fell on Friday in sympathy with Zynga. [View news story]
    Time to load up if this is the reason. What a joke!
    Oct 9, 2012. 10:32 AM | Likes Like |Link to Comment
  • Is It Too Late To Invest In Ares Capital? [View article]
    Too funny. Not sure I'd task him with picking the BDC. If he didn't know the acronym, there is no way he is qualified to pick the stock for at least 12 months. It takes that long to absorb the industry and understand the nuances.
    Oct 9, 2012. 07:49 AM | 1 Like Like |Link to Comment
  • Big Banks Are The Targets Of AmEx, WalMart Bluebird Launch [View article]
    Isn't the problem though that AXP is only available in half the locations of Visa. The exact locations that don't accept AXP are the ones where the lower income people would need to use them in the first place. The reason AXP aren't in these locations is b/c it charges high fees to the retailers.

    Why was it scuttled in the first place?
    Oct 8, 2012. 10:54 PM | 2 Likes Like |Link to Comment
  • One Billion Zynga Reasons To Continue Shorting Facebook [View article]
    People said that about GRPN over $10. Stock went all the way down to $4.

    While I agree that a decent amount of people have expressed short theories, a ton of analysts still issue targets in the $20 to $30 range.

    When in such a scenario, use technical analysis or a mental stop loss to protect from a wrong opinion. FB was a great technical short at $22.50 when the gap was filled and the stock stalled. Now I'd probably wait until a break below $20 or if the stock jumps back to the 50ema currently back at $22.
    Oct 8, 2012. 04:17 PM | Likes Like |Link to Comment
  • One Billion Zynga Reasons To Continue Shorting Facebook [View article]
    XRTrader,

    1) My point is that most longs focus on the user growth as the reason to buy the stock. 1B users will become 2B and 5B. In both interviews last week, Zuckerburg made that the reason to buy the stock. IMO, this misses the point that existing users are moving on to the next thing....Pinterest, Twitter, and Instagram.

    2) Agree that user monetization will get better, but FB will have less usage to monetize. Everybody in my family uses FB probably only 25% of that in 2010-11. FB will end up like YHOO, a large but declining user base. Also, adding a user in Indonesia while losing somebody in the US will be a net loss and a big issue going forward. AMZN is a very bad example. It provides a service that is better and cheaper than anything around. The valuation is questionable, but the company keeps growing as it offers a better service. FB is a social network and every one in the past has crashed.

    3) ZNGA was a big part of the revenue and usage base. A prime example of what will happen to the user base in FB going forward.

    So yeah FB might grow revenue to $7-8B in the next 5 years, but my theory is that amount will be the peak instead of the path to $50B. In that case, no way FB remains anywhere above $20B.
    Oct 8, 2012. 04:12 PM | 1 Like Like |Link to Comment
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