Bottomed at $2.10 and now bouncing, hopefully?

Entry comments: Bought this on the dip off the day highs of the 270s after announcing an in-train service to watch movies on demand. This NFLX wannabe has several such deals and it NEVER holds its spikes...one of these is gonna catch the mainstream though and it should be able to spike to the 3s if not the 4s given their business model and how hot NFLX is...not to mention Chinese companies have begun spiking again. So this is a speculative dip buy
Exit comments: Sold the remainder of my position into today's spike, these spikes are becoming less and less, I don't trust it, now I am 100% cash, I'll make a video this weekend explaining why
Position Updates
- Apr 28, 15 11:44 AM: Bought 4000 at 2.36 - Bought this on the dip off the day highs of the 270s after announcing an in-train service to watch movies on demand. This NFLX wannabe has several such deals and it NEVER holds its spikes...one of these is gonna catch the mainstream though and it should be able to spike to the 3s if not the 4s given their business model and how hot NFLX is...not to mention Chinese companies have begun spiking again. So this is a speculative dip buy
- Apr 29, 15 1:33 PM: Added 3000 at 2.12 - Adding to my new position on the BIG dip, still gonna keep y position small since this can consolidate for a while but one of their PRs will spike it big, just gotta have patience
- May 14, 15 9:34 AM: Sold 3500 at 2.30 - Sold half position into the spike caused by earnings not great earnings but new contract announced later in the PR will look to sell the other half into another ideally bigger spike later on
- May 15, 15 10:16 AM: Sold 3500 at 2.30 - Sold the remainder of my position into today's spike, these spikes are becoming less and less, I don't trust it, now I am 100% cash, I'll make a video this weekend explaining why
| Date | Price | |
|---|---|---|
| Entry | 4/28/2015 | 2.2571 |
| Exit | 5/15/2015 | 2.30 |
- Total Views860
- Position Size7,000
- Percentage1.9%
@timothysykes thoughts going into earnings tomorrow? For the last 6 qtrs, sp has always dropped following earnings report. A modest 3.25% gain today going into the earnings though.. Thoughts? thnx!
@timothysykes still waiting on the video for $YOD $TCCO and OHGI Thank you.