posted
I'm in at 1.58, possibly a bit early, but Friday and today's volume is encouraging. Hopefully we see some upside by the end of this week.
Posts: 95 | From: Riverside, CA | Registered: Feb 2004
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posted
art what do you like about this? I just read this on fool.com....
Guns 'n' spandex Ever hear of Lara Croft, the Tomb Raider? I thought so. She was plenty famous even before Angelina Jolie started parading around on the big screen with those eye-catching rubber outfits. How about the massively popular, macabre game called Hitman? These are just a couple of the major productions from well-known London-based video game maker Eidos (Nasdaq: EIDSY).
With hits like this, you might wonder how the firm could be trading at a 52-week low. Well, a nightmarish chart like this one might give you some hints that something must be desperately wrong. Somehow, Eidos' management has proved incredibly adept at snatching defeat from the jaws of victory. It starts at the top line. Despite the cultural cache of some of its titles, sales have been stagnant for years. The bottom line has showed red ink for a long time as well, with last year's anomalous profit owed to one-time items.
Factor in a sub-$2 share price and thin trading volume, and you'll see why I refer to this as toxic sludge. Penny stocks like this one can really burn investors.
Obviously you know alot more about the stock market then me, but what do you see in this stock?
Posts: 64 | From: Farmingville, Ny, USA | Registered: Nov 2004
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posted
I would assume that is why he put it in the swing trade section, if you played it right today you could of bought in at $1.47 and sold at $1.60. That's a swing trade to me. Buy at a dip and sell as high as you can hold out!
Posts: 1052 | From: Coventry, RI, USA | Registered: Dec 2004
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quote:Originally posted by Nobonemovies99: art what do you like about this? I just read this on fool.com....
Guns 'n' spandex Ever hear of Lara Croft, the Tomb Raider? I thought so. She was plenty famous even before Angelina Jolie started parading around on the big screen with those eye-catching rubber outfits. How about the massively popular, macabre game called Hitman? These are just a couple of the major productions from well-known London-based video game maker Eidos (Nasdaq: EIDSY).
With hits like this, you might wonder how the firm could be trading at a 52-week low. Well, a nightmarish chart like this one might give you some hints that something must be desperately wrong. Somehow, Eidos' management has proved incredibly adept at snatching defeat from the jaws of victory. It starts at the top line. Despite the cultural cache of some of its titles, sales have been stagnant for years. The bottom line has showed red ink for a long time as well, with last year's anomalous profit owed to one-time items.
Factor in a sub-$2 share price and thin trading volume, and you'll see why I refer to this as toxic sludge. Penny stocks like this one can really burn investors.
Obviously you know alot more about the stock market then me, but what do you see in this stock?
posted
Due for a big pull back - perhaps tomorrow or soon thereafter. Get out if you hold it, and buy later on the pullback.
Posts: 4402 | From: Florida | Registered: Jun 2003
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posted
Art, at what price do you think this stock becomes attractive again?
Posts: 64 | From: Farmingville, Ny, USA | Registered: Nov 2004
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quote:Originally posted by Nobonemovies99: all the way down to 1.36, is this a buy here?
No. Went below the floor of 1.45 support, yesterday, with big volume. Unpredictable - may drop more or may go up. Watch for a price and volume pop up, to be safe, though go ahead and buy immediately if you think it will go up today (if you like the fundamentals and recent news).Posts: 4402 | From: Florida | Registered: Jun 2003
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posted
If I were to buy this, it would have to be after some of the smoke clears regarding the intention to sell the company and the nature of the "expected losses" for the first half of 2005.
Or, I ask the wife.
Posts: 899 | From: FT. Wayne to Raleigh-1986 | Registered: Feb 2003
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