posted
When you look at all the indicators, I would say hold and buy more on the dips if you can. Using position cost averaging and other tools I have, you are safe holding. This has nothing but and upscale potential. Look at barchart.com, stockta.com, smallcapcenter.com, etc. Also look at what is effecting the markets such as Confidence drops to 4-month low ABC/Money survey shows consumer sentiment hurt by high gasoline prices and disappointing job market. Overall it is a solid investment. If you are looking to play the small gains daily then you buy in at the low's of the day and sell on the highs of the day. If you are looking for solid gains hold on to it for a while. Remember you have to be patient sometimes and understand that nothing goes in a straight line. This thing had a recent high of 1.76. PATIENCE.
If your not invested in it already, I'd wait for a base, If you're already in it, depending on when you got in I'd get out and see if it goes back to 1.00 . If they don't get any decent news like they got on March 3, and no volume , it should continue to fall...at least for the short term...JMOT
1.00 might be a bit optimistic...1.25 might be more realistic...
[This message has been edited by GREGDOGG (edited March 09, 2004).]
posted
thanks. No I am not in right now. I have majority of my money tied in CORV and NXTP and very little on CDED and IBZT. so its wait and see till I see some green
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Based on that report to investors, what is the current financial status of FMDAY? Are they a profitable company or operating at a loss? Have revenues increased? Have losses increased? Earnings per share, profit or loss?
This news relating FMDAY to Microsoft, does this news contain any information which directly indicates better sales and better revenue for FMDAY? Will Microsoft bundle FMDAY software for sales? Has FMDAY attained a contract from Microsoft?
On the date of that release of news, what do technical charts display? Pertaining to investor perspective, are investors buying FMDAY because of factually based potential for increased revenue? Are investors buying simple because the name "Microsoft" is in that news? Is there evidence of a bandwagon effect based on technicals for that date of news release? Are investors buying based on financial reports or based on speculation?
March 04, 2004
"Intel`s midquarter update to set after-hours tone"
"Elsewhere, U.K. online content provider Futuremedia (FMDAY, Trade) will probably joust with Intel for the top volume spot after the close, having lead most actives in regular trading"
This news above, does it indicate FMDAY volume is up volume or down volume? Have investors associated FMDAY with Intel? Would some investors assume FMDAY is doing better than Intel based on that news?
In closing, does the financial condition of FMDAY support current prices?
What are the dangers of investing in a bandwagon or speculation?
If FMDAY had been associated with an unknown company, rather than Microsoft, what would current price levels be?
What does your experience and technicals indicate will happen when speculation excitement wanes?
posted
First of all sorry Greg, no female here man. Purl, I still have not looked into this one at all. I was hoping that some of you have already spent some time on it. But I will be looking into it this weekend. Thanks for the links but I am getting a feel from your reply that this one is not gonig to be good at all but that is just a feeling.
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First things first, you must understand that educational company’s that specialize in the IT field are hot hot hot. Maybe not as hot as Chinese stocks or VOIP stocks (voice over IP), but hot nevertheless.
I had FMDAY, ISO, and IPVO on my radar in the middle of November. I only bought IPVO in December because I believed and still believe that IPVO will get me the most money. Getting back to FMDAY, the stock has been trading at 1.10 – 1.30 for some time now. It started to sink due to lack of news and information about the company. In a 15-day moving average, it closed at .98 on March 2, 2004 causing many investors to reevaluate their position on the stock.
On March 3, 2004 it opened at 1.28 due to the Microsoft news. On that day, 66 million shares exchanged hands causing the stock to hit a new 52-week high and a 52-week volume high. This continued for two more days however the bandwagon affect started to occur.
Why did it go up so high and why are people making a big deal about a IT education stock?
Simple…let me try to explain!
I live in Southern California and FMDAY is like ITT Technical Institutes (a.k.a ITT-Tech) or DeVry. Both ITT-Tech and DeVry are technical trade schools catered toward individuals who want to pursue a career position in the IT field. These jobs are but not limited to: programming, networking, telecommunication, and everything else in the IT field.
Being a network engineer myself, I understand the importance of these schools and understand there motive. I also understand that your local University and or College does not tech everyday troubleshooting, they mostly tech theory (which is cool, but I really don’t need to know the theory of Red-Hat Linux, I need to know how to reconfigure the kernel so the Unix box can work). I myself went to a University and understand I didn’t need to take art history to work in the IT field (but everyone did say it will make me a better all-around person…ok whatever).
Anyhow, to get to my point, if you notice today’s Wall Street Journal (A1 Column 4), you’ll notice the hot-topic is off-shoring IT jobs. Everyone is talkign about it. It's all over MSNBC, Bloomburg, and CNN. It all over magazines and websites. You’ll also notice that companies will continue to do this unless something is passed by Congress and or the United States President, (pass laws, tax breaks, penalize companies and make it harder for them to deploy projects, etc.,).
If information technology jobs go overseas you can expect the following to benefit from this… 1. The companies who want to reduce expenses and take jobs overseas. 2. The call centers and companies they use to deploy this venture. 3. The educational facilities that tech IT languages, programs, and technology.
And guess what, FMDAY is a offshore educational institute, just like ITT and DeVry except there in the UK who are looking to capitalize on the off-shore IT boom.
"Both ITT-Tech and DeVry are technical trade schools catered toward individuals...."
What recent event caused all educational stocks to significantly lose value?
"Being a network engineer myself...but I really don’t need to know the theory of Red-Hat Linux, I need to know how to reconfigure the kernel so the Unix box can work."
Linux is not Unix.
"....the hot-topic is off-shoring IT jobs. Everyone is talkign about it."
This talk, is it negative or positive in nature? American public concensus on this out-sourcing of jobs is what?
Does out-sourcing of jobs also include physically retaining jobs within American geographical borders but providing those jobs to non-citizens who export our money to other countries while costing us money through social and public services?
"...that companies will continue to do this unless something is passed by Congress and or the United States President..."
Our president is forbidden by our Constitution to pass laws. Our president can only issue executive orders or select declarations during time of war or national emergenicies, both of which are temporary in nature and severely limited in scope and enforcement.
"...FMDAY is a offshore educational institute, just like ITT and DeVry except there in the UK who are looking to capitalize on the off-shore IT boom."
Jobs are not being out-sourced to the United Kingdom nor most of Europe. Worker wages there are too high. Jobs are being out-sourced to India and China. IT related jobs are being out-sourced primarily to India, which includes software development and customer service. China attracts manual labor jobs related to goods manufacture, as do some third world countries in the Americas.
Any education is good and should be pursued.
A well rounded education is best and affords you an ability to "see" the big picture and to realize a "simple" topic usually is not.
posted
Why must this "little girl" consistently try to argue with me? Everyone please help!!!
PG wrote... "Linux is not Unix." No **** school teacher! Linux is a flavor of Unix. From the same language. Just like SCO, Solaris, Shell, born Shell, etc.,
PG wrote... "Jobs are not being out-sourced to the United Kingdom nor most of Europe. Worker wages there are too high. Jobs are being out-sourced to India and China. IT related jobs are being out-sourced primarily to India, which includes software development and customer service. China attracts manual labor jobs related to goods manufacture, as do some third world countries in the Americas."
Please read the Wall Street Journal article on 'program jobs in Norway and Eastern Europe.' The article came out on February 18, 2003. This will detail the growth of IT programming jobs in those countries. Within the recent 2 years, IT programming jobs have increased 300%. Please read it!!!
PG wrote, "Our president is forbidden by our Constitution to pass laws. Our president can only issue executive orders or select declarations during time of war or national emergencies, both of which are temporary in nature and severely limited in scope and enforcement."
Please read the Business Week magazine on January 10, 2003. Several congress men and women have ideas on what can be done. Including the ideas I stated. The interesting part about this is that both Republicans and Democrats agree.
READ...READ...READ before you comment on anyone’s ideas and replies!!!
Once again...another women who just loves to argue, argue, and argue.
-ls007
[This message has been edited by laststock007 (edited March 10, 2004).]
posted
"And guess what, FMDAY is a offshore educational institute, just like ITT and DeVry except there in the UK who are looking to capitalize on the off-shore IT boom."
It went up today 32%. This is still a good stock. It should hit $2.00.
FYI - I don't own the stock only because my money is tied up.
posted
I don't know if it can be justified, but the news that came sure helped. Once again, in the short run, you will see this stock yo-yo, but don’t look to far to see this stock hit 2-3.50.
posted
If you look around, you will discover there is no logical explanation for this sudden price spike.
Close examination reveals board posters, in several places, have hyped themselves into a feeding frenzy, perhaps with a bit of prompting by selected people.
Technical charts, do you see a similar incident very recently? If so, what happened to share prices subsequently?
Great for intra-day trading.
What do you think about long term?
Perhaps inside buying, inside information has leaked out?
posted
You bet no Logical explanation, otherwise I would have jumped on it. I really had my eyes on this but after looking into it I really thought this is a wait and see stock at this point and now I see it today and I am thinking maybe I missed something. But I can not seem to find anything, I have looked at the technicals, SEC, and I am just lost. Another stock I am looking at is CDV, but I am gonna open up another thread after I do some reading into that.
posted
Purl Gurl wrote, "What do you think about long term?
Perhaps inside buying, inside information has leaked out?"
PG, I have no idea. I haven’t been keeping track of this company. I glace at the stock from time-to-time, but I haven't studied it. Technically speaking, I haven't studied the chart (sorry I haven’t done any head-and-shoulders, shooting star, or straight cablestick) so I can't give any explanation on what is happening or what will happen. I just know that when the stock was below $1.00 it was a decent buy.
posted
Last Stock, you will note FMDAY has dropped twelve cents per share real time as of this post.
Great upward spike if you are intra-day trading and know prices are about to be manipulated higher for a false spike.
A spike like you noted yesterday, a spike with no logical explanation, no foundation, is a certain warning sign. Traditionally, spikes like that are followed by a sudden drop, then an incremental decline in prices, which is slower because some resist selling, others continue to buy based slowly on seeing that spike.
Looking at technicals for FMDAY, you will see the same spike very recently. This trick was pulled once before and displays the same results you are seeing for yesterday's spike. Both investors and prices are being manipulated by a person or persons. This is very typical when investors are all hyped up, especially on message boards. They are ready for a feeding frenzy and all you have to do is toss out some chum.
For these circumstances, my guess is the chum bait is someone bought small volume buys at increasingly higher prices to present a perception of suddenly increasing prices, leading hyped up investors to jump in to ride what appeared to be a skyrocket.
End result is interesting. Final outcome is prices will be slightly higher, on the average, than previous to the spike. For FMDAY, I would expect prices to settle to around 1.45 to 1.50 per share but those prices will be artificial.
Much later, FMDAY will downtrend if no news or financial reports appear which will support those new artificial prices.
Inherently, I could be dead wrong on this. Nonetheless, I have watched this happen so many times, mine is a decent guess.
Next best explanation is inside information has leaked out. I watched this happen with APIEF stock. Inside information leaked out on a 10Q filing, prices suddenly jumped well before the filing. Their 10Q was filed, investors liked it, starting buying but prices didn't increase much. Prices had already been increased by employees, officers, whomever, those privy to inside information. End result, prices retreated and investors loss money, save for the insiders.
So, two possible explanations for FMDAY. One is price manipulation, the other, inside information leaked out.
I lean towards price manipulation because charts precisely fit this pattern. Charts do not fit the pattern of insiders.
Either way, spikes, up or down, without factual support are a danger sign.
posted
PG, I agree with most of what you said. Looking at the stock for the past three months, you'll notice that every time news comes out (like yesterday), the price will spike up; maybe for 1 or 2 days, then swing traders will take a 'few chip' of the plate causing the stock to go back down.
I also agree with you when say, "For FMDAY, I would expect prices to settle to around 1.45 to 1.50 per share but those prices will be artificial."
Look for the stock to go back to 1.40 - 1.50 then look for more news like "parted up with" or "introducing" to make the stock go back up to 1.70 - 1.80.
It's not insider buying because the last information present to investors was on... 03/05/2004 03/03/2004 03/02/2004 02/12/2004 01/13/2004
And none of those reports suggested insider buying.
Looking at the charts, you'll see the stock go between 1.30 - 1.80.
If news comes out...watch out. This stock will go higher.
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