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Ordered a mid-level mini today. Should be here this week. Spoke with the IR dude today and he was telling me that Walmart isn't the best distribution choice because of how they structure the profit payouts... it takes something like 3 - 4 months before they send out any money from sales. A good way for a company to go broke. If Klegg has to produce the minis, pay their suppliers, shipping etc. It would be lame to have to wait that long before seeing any profits from Walmart sales.
-------------------- Never underestimate the stupidity of people in large groups.
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I can't wait to see what happens down the road, because this company is doing all the right things, the commercial, logo in the center of the ring, I think the buzz is only going to grow, this is my favorite pick up this year....*knocks on wood*
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This is awesome (Contender marketing). I was told they are penetrating the China market as well as the US. Imagine millions and millions of these being sold. Auditors are already doing the books, wonder why?? (smile)
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Here's a thought for them..... What about eBay?? I just bought into a stock that is starting to take off ... so is the company, it is a pink sheet and just posted a profitable month Jan. 06 I mentioned it in a topic that I posted here, but no one has seemed to notice: MHPT
My point is that they are now profitable and the stock is doing well. Here is some of the last news release: ...... Medical Home Products continues to market its products on eBay, Amazon.com and through Independent distributor affiliate programs worldwide ..... May be an idea for Klegg (Just my opinion)
"You don't want to be the one that has to beg for your Klegg" - Paula Abdul
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I like this product until I go to Best Buy and see 50 other MP3 players hanging there. I know it's cute and has a color screen...but will those two features make this puppy sell like hot cakes. It does have one unique feature...the recording device is pretty cool..I think kids will really get excited about that.
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The only thing that will make the price move up, is for me to sell and take my loss. Then the price would skyrocket! Never seems to fail!
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Can someone, anyone, explain to me why the hell this finished in the red today? I just don't get it... owell, I don't think we will see it going much lower, so hopefully only green days to come.
I just don't get it, I have 4 stocks I am flipping right now, PECB, CLBE, KLGE and DPBM, and every single one of them was in the red today, some down alot, on No news. Only thing I can think of is if everyone is taking their money out of the BB's and putting it into the blue chips. Hell, maybe that is a good idea; our vice president Cheney shot a man. That basically summarizes Bush's entire presidency, and our economy. Anyone know of any good foreign banks to put my money into?
Owell, I am just over reacting, it seems this happen about every 2 months, then the stocks I am following straighten out again and start doing what they should be... I should start to predict this happening. but DAMNIT, KLGE, just do what you should and go Green Tomm!
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain
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Killa, I've been saying that since I first bought the stock. I don't know what to think. I can't see where they have done anything wrong. Plenty of PR's, an actual product to sell, national advertising. Heck I know many stocks under a dollar that wish they could do what Klegg is doing and yet it keeps getting battered. Maybe there isn't enough money for the MM's yet.
I haven't been able to see any L2's on it have you?
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Maybe if they announce tomorrow that the company is going bankrupt and posts a loss of one bagillion dollars and the products all cause cancer, maybe the PPS will go to $3.00 tomorrow. Seems to be the way things go with this one. Opposite as you would expect.
I told myself I would hold this one long term, so maybe long term it will turn around. I just hate having my money tied up in stock not doing anything or constantly going down while other stock are quadrupling in a day or two and I don't have cash to join in cause it's all tied up in under or non performers.
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I hear you Shadow. If we could prove it's a scam everyone would run to get a piece. They have uttered the words of death. They intend to file financials and move to a board that requires reporting. I guess if you can't hide there's no ride.
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Ok here is my 2 cents. For some reason the stock is not acting well to all of the good news. This means it will probably in all likelyhood go lower, perhaps back down to the 35 cents where it started. When the chart improves, and news continues, we will move up. until then, I trade it. glta
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I thought long and hard about dumping a couple G's into this stock, but after rolling the idea of what it is and when it's hitting the market...I backed off. There are 25 other MP3 players out there at any electronic stores. What makes this one so special, the name? No. The amount of songs it holds, No. the size, NO. It might have some pisazz(sp) the first month out, but after that it will be just another MP3 player hanging with the 25 others. IMO...they're about 12 months late. If this pup goes over $1.50 in the next 2 weeks...i'll eat my BVD's. Just my $.02
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Winner by a landslide is any IPOD I'll be getting the 30GB w/video for $299.99 if I have a choice!
I depended on the flow of the chart and the PR to drive the PPS up to where I would make a tidy profit. However, I don't think I'll see my $1.58 PPS any time soon. The current PPS is about equal to what the PPS was before it went way up and came way back down. Seems to be the "normal" price now.
In the theme of "The Contender" which brought the price down .12
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I don't want to focus on the 'Mini' being their whole product line...they have plenty other technology products...I'm not really worried that the price hasn't jumped yet, it's really just a matter of time with this one, and if not it's going to stay where it is with minimal losses, so despite the inexplicable lack of production from this stock, I'm pitching a tent and holding for the long haul
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Why do people stay in penny stocks for the long haul? I never undersatood that... but anyways, I am out of this guy now, and from its charts and from the PR's I saw, it just isn't a healthy stock. If it ever goes below $.50, I'd be willing to jump in again though....
Good luck to everyone still in it.
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain
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Posted this on the "unleash the monster" string: just my 2 cents.
I like KLGE, and based on my limited DD, it looks like a good hold at this price, but can't understand the generally low volume. It would seem to me that with the national exposure it got (even if it was just ESPN2 on a Monday night) that it would garner more interest. Anybody see anything on the L2's?
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Now looking back, my 20/20 hindsight should have told me to unload this as soon as I saw that Paula Abdul was one of their main sponsers... The Red Flag should have shot up right away once I saw her... Let's just say that Paul ain't quite 'gettin it done' these days.
-------------------- All you need in this life is Ignorance and confidence; then success is sure. Mark Twain
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Wow terrible pick im not sure if i should sell with a loss, of hold hoping that with the back order they are starting to make money
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I guess no one is really paying attention. CEO has stated in an interview on trader nation that there have already been enough sales in Janurary that they surpassed the whole first quarter of last year.
This company only started trading in Jan 2006. about 1 month ago. They are working on financials and everything else. It will take a little time.
I'm as frustrated as anyone is. Especially when I see companies that decide to completely change directions and the price goes up. No new management in place, no equipment, no product just promises.
Before you knock Paula, let's see what the sales number's are? After all she is out front in order to sell the product.
Can someone tell me what the company should do?
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The problem is not Paula. Paula is a hot commoditiy(sp) right now with 9-14 year old girls, and 9-14 year old girls DON"T watch the Contender. That was bad marketing using that show. Guys that watch that show DONT buy MP3 players. They need those commercials on UPN and WB shows that kids watch. Geeezz....what idiot ever thought the Contender would be a good idea should be fired.
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If they have the money, which im not sure they should market during American Idol time because basically every age group watches it and Paula is on the show
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