Allstocks.com's Bulletin Board Post New Topic  Post A Reply
my profile login | register | search | faq | forum home

  next oldest topic   next newest topic
» Allstocks.com's Bulletin Board » .11 and Up! » COOL - breaking out on beating earnings. Rare for a penny stock

 - UBBFriend: Email this page to someone!    
Author Topic: COOL - breaking out on beating earnings. Rare for a penny stock
Trader273933
Member


Rate Member
Icon 1 posted      Profile for Trader273933     Send New Private Message       Edit/Delete Post   Reply With Quote 
COOL gapped up this morning after beating earnings guidance by a lot. The company makes facebook apps/games so it's in a hot industry with stocks like MCZ, STVI, and GLUU which have done well recently due to the hype involved with facebook. This stock should run tomorrow despite being up today. Momentum buying says buy high and sell higher, verse the old belief you have to buy low and sell high. A lot fo stocks stay over bought for multiple days or even a week and considering it consolidated today I think this should be no different. I expect 2.60 as it had buying into the close and after hours and it manage to hold it gains all day. From my experience this pattern usually has follow through for multiple days or weeks when a penny stock is actually profitable and in this case this companies net profit jumped from $2 mil to 8 mil which is impressive. I got some at the close and I will add tomorrow pre market or at the open with a market because I think this spikes. At worst i will stop out at 2.10 2.15 with a tiny loss so risk/reward is good.
Posts: 35 | From: Florida | Registered: Jan 2011  |  IP: Logged | Report this post to a Moderator
The Bigfoot
Member


Member Rated:
4
Icon 1 posted      Profile for The Bigfoot     Send New Private Message       Edit/Delete Post   Reply With Quote 
Q1 numbers, upgraded guidance, Feb Sales in, Zacks upgrades COOL

3/8/11
Q1 results announced, Majesco raises FY 2011 guidance

quote:
For the first quarter ended January 31, 2011, Majesco's net revenues were $48.5 million versus $29.2 million in the same period a year ago. During this same period, the Company reported operating income of $8.0 million, compared to operating income of $2.5 million in the first quarter of 2010
quote:
The Company's basic and diluted net income per share for the quarter ended January 31, 2011 was $0.18, compared to basic and diluted net income per share of $0.10 in the same period last year.
quote:
The Company expects fiscal 2011 full year net revenue in a range of $100 to $110 million, up from the prior range of $85 to $90 million, and non-GAAP EPS of $0.20 to $0.25, up from $0.06 to $0.10
http://www.prnewswire.com/news-releases/majesco-entertainment-company-reports-fi rst-quarter-fiscal-2011-financial-results-117603948.html


3/11/11
NPD group reports that ZUMBA FITNESS was the 6th best selling game for the month of February.

http://www.gamespy.com/articles/115/1155066p1.html

3/11/11
ZACKS Investment Research upgrades Majesco from 'neutral' to 'outperform'

http://www.americanbankingnews.com/2011/03/11/majesco-entertainment-co-cool-upgr aded-by-zacks-investment-research-to-outperform/

19,309,042 shares were traded the week ended 3/11/11 in a 1.59-2.84 range with a 2.66 close.

39,557,000 shares outstanding

http://www.nasdaq.com/asp/SummaryQuote.asp?symbol=COOL&selected=COOL

--------------------
No longer eligible for government service due to lack of tax issues.

Posts: 5178 | From: Up North | Registered: Dec 2005  |  IP: Logged | Report this post to a Moderator
   

Quick Reply
Message:

HTML is enabled.
UBB Code™ is enabled.

Instant Graemlins
   


Post New Topic  Post A Reply Close Topic   Feature Topic   Move Topic   Delete Topic next oldest topic   next newest topic
 - Printer-friendly view of this topic
Hop To:


Contact Us | Allstocks.com Message Board Home

© 1997 - 2013 Allstocks.com. All rights reserved.

Powered by Infopop Corporation
UBB.classic™ 6.7.2

Share