Fair enough!

and the results are in,,, midways stock took a 33 cent loss pershare for the 4th quarter of last yr, they now have a credit deal for 90 million with national amusments,,, i dont see how a company is still afloat when they have not had a profit quarter since mkda.


stock is at 1.77 now,, buy buy buy

I should have bought those stocks at the time of your writing, Red. Something told me back then to do just that but I got distracted. It's now on 2.30. That's about 20% gain from that horrible week. I would have been laughing now. I think it's only going to get better because they have a couple of good games coming out and considering that fact that they had a 52week high of 7.80, there seems to be more room for further gains. I bought some last week to test the waters at 2.13. Looking good for now.

OUT!

Now at 2.35. That's about 30% gain I could have made. DAMN YOU RED! I should have bought this sooner.

Now.. at 1153hrs EST... 2.44.. Damn this is rising. They changed their CEO last week. I hope he is as good as the US Steel CEO John Surma that turned a $9 stock to $144 something in 5years.

trust me im kicking myself to, i was going to buy 1000 shares.

it will deff go back down to 2.00 but i doubt will see 1.70 for awhile

their goal for the yr is 3.00

3.00 looks like a reasonable target. It finished at 2.35 today but went as high as 2.50 at some time before lunch. FIND ME DIRTY stocks Red!

u have 20 days till the offical anouncement of mk8.. if it hits 2.00 again before that buy it, cause on that day it will go up , but probable drop the next day.

Yeah, I'm gunning for that. I may rack up a 1000 too then sell it off as soon as I see seizable gain.

20 days from now, right?

What trading platform are you guys using? Ameritrade? Etrade?

Etrade baby!

Plus I'm using an Application on Facebook called FSX. It's pretty good to monitor different stocks and use virtual capital of around 10M.

MWY is now 2.50 again. That's good sizable gain right there. I'm really beating myself up for not taking advantage of it 3 weeks ago. I made the same mistake with Visa. Had an IPO of $44 and now sits at 62.49 all in less than 3weeks.

Cool, Trax I didn't realize you were into stocks dude. Interesting, but then again given your professional background that's cool that you're into them.

How long have you been involved with it in general dude?

Well honestly you more than likely wouldn't have been able to get in on the IPO. You mentioned you use etrade and they were not undewriters on it. Even if you had an account with the underwriters IPO's typically go to institutions first and there is some that get handed to "regular" investors. The regular investors typically have a lot of criteria that is looked for before they are given the chance at it. The premeire(SP) level customers are the ones who usually get in on this first because they generate a large portion of a companies trading income.

On red's comment about buying on the MK 8 announcement. Thats how the average person thinks but thats not how the street thinks. If they know there is an announcement coming about something like MK 8 the street, in theory and quite often in practice, has already priced the stock at that announcement.

Trading in a bear market is risky even if you're a licensed professional and adding in the penny stock factor doesn't help things much. Even though MWY trades on the NYSE doesn't mean it's a good stock. Midway is a company that consistantly loses money and according to william o'neils can slim theory that isn't a stock you want to mess with. A lot of people thought along these lines recently with BSC and the result was a LOT of people losing their lifes savings. Don't take anything I have said as advice in one direction or the other. Just a statement of things.

actually i said u should have bought at the 4th quarter anouncemnt, and sold it at the mk8 anouncement.

I've been laying the foundation for couple of years now but never really started investing until late last year because I was staying in Europe which made it slightly complicated. I followed a lot of market trends over the years and I see it all as a game but a very serious one where every glitch is legit.lol


I hear you, dude. I personally prefer money markets. Especially with today's volatile economic climate. However, I like to deal in stocks every now for short term gains. I'm not looking at Bear market as a sustainable source of income; you get them and short them fast whenever you get a chance to make good gains and most Bear market companies always have bad dividends so why invest in them with long term prospect? Too risky. way too risky.

I didn't have access to V at IPO price but I had an option to get when it was still in the early 50s. People are hoping that the same thing that happened with Mastercard (quintupled in 2years) would repeat itself with Visa but I doubt that. It has since cooled off and stays under 65 but still a good buy because of good dividends.

On Midway..
I think Midway stock is going to rise more until MK8's official announcement in April. You mentioned Wall Street would have already factored that in but that wouldn't include one variable - hype. If MK8 generates enough hype, you can almost bet the effect would be directly proportional to MWY stocks and then it'd probably go down again after couple of days till a major release or something. We'll see what happens with it by closing bell tomorrow.

My bad I was kind of skimming posts. Point is still valid that the street has factored this in already. It may happen for whatever reason but the street should have factored it in. Mainly MWY has benifited from some good up sessions and didn't get hurt as bad on the down sessions. Not that it's doing all that wonderful anyway.

On the subject of V it is roughly par with MA slightly better than they are last I checked. The average person thinks visa is cheap compared to mastercard because they look at the price 60ish to 220ish and think well visa is making more money so it'll be 300 by the end of the year. What they don't realize is that V and MA are equivalently priced right now. Visa has a larger float than mastercard roughly 3 times what MA has outstanding. I predicted based on the float and mastercard price visa would hang out around $60 with some flucutation do to the non traditional investors moving it slightly.

Hype in fact is factored in by the street. I watched midway when MK 7 was coming out and they had a pop. The pop was not for MK 7 it was because national amusement was buying up shares. The price dropped after this and didn't do anything despite the hype. What you need to understand is hype is what works on the average joe investor but average joe doesn't move the market the institutions do and institutions care little about hype. They care about solid technicals and/or fundamentals.

Dude, you're good! I should pay you do my taxes, circumvent the rules and get the feds off mah ass.

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MWY - 2.48... Here's what I think would happen. The hype of MK8 is not good enough factor to dramatically add value to Midway stock. They need more than that. But it could work for about 24hours after the announcement because regular Joe is running to the Bear market which would be good time to short on them because you can expect it to fall to a level that reflects all the fundamentals and Midway as loss making company.

On the V, I very much doubt that it'd make that leap like Mastercard but I'm looking at the 80s (don't ask me what I based that on - lol). But $65 range is more likely. I think!

Alright... Closing Bell has passed and MWY is now 2.70. That's about 10% increase in one day. I know it's a bear market stock but there's something missing here. This shit is climbing fast. What are the fundamentals driving this stock?

Interesting points Trax on your Midway prediction.

Besides MK, I wish they'd bring back certain bigtime hits like Hitz and a sequel to Psi-Ops, those games rocked!

I'll see if I can take the time to look into it some. I'm busy with tax season I'm working 80 hour weeks and I haven't paid a lot of attention to the market since I saw bear market signs back in august. Sadly I was stupid and didn't get out in time and lost about 15k and I held off on buying the bidu september 200 calls maybe it was 250's I don't recall but they ended up being around $50 a share on expiration :(. I made some good money on mastercard and just missed a couple huge paydays on it. sold a week earlier twice. edit**** Ok took a quick look and The main driver is Zucker going bye bye. Street views that as a good sign when a CEO leaves a company they've run into the ground. Basically they are hoping that somebody will come in who knows what they're doing and can turn the company into a profitable one. That coupled with somewhat positive days with the market helps it. Don't take anything I say as advice just observiations.

I mentioned that earlier in one of my posts. I think that was the turning point in the stocks. It's a sign that they know things are not right and willing to make a change and where better to start than at the very top. You have to understand that the 52wk high was about 7.58 so even at generous 2.70, it is still somewhat short of what it used to be. Red mentioned that they've projected $3 range by the end of year. At this rate I would aim higher (IF this is not a false growth driven by false hope for better direction from the new CEO).

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August/September was a hard time.Very hard time. Bad loss for you bro. But you know the rules of the game. You win some, you lose some; but the key is to always have better win ratio.. errr.. pretty much like in MKA online. Furthermore, I do think this is the best time to get into the market because recession is already underway but I don't think the market is going to hit rock bottom or anything like that. So as a long term investor, I would start looking at stuff like energy/natural gas ((HAL is the best one I've been tracking), AETE is a good one for ethanol) or agricultural stocks. Anyways, fuk this - I'M OUT!

Trax

Sup MKF - I think they have some good games in the pipe line. I was reading some report about this the other day but I didn't pay attention to the titles. I didn't see any old games coming back though.

I might plug in briefly tonight if I get the time. Look out for me dude.

Trax

Now at 2.90. I'm kicking myself even more now. GOD DAMN YOU RED!

Cool man