Análise a pedido - Greg Manning Auctions, Inc. (GMAI)
9 mensagens
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estou de olho nela....aquele gap foi provocado por um artigo na imprensa que terá levado a algumas vendas a "quente".
Encontrou suporte na LTa que a tem segurado nos ultimos meses, e hoje encontra-se a subir @11.38
recomendaria que aguardasse por um pouco mais para entrar com mais segurança, de resto concordo com o Ertai:
até agora os dados não forma mt bons - U.S. nonfarm payrolls abaixo das expectativas
Encontrou suporte na LTa que a tem segurado nos ultimos meses, e hoje encontra-se a subir @11.38
recomendaria que aguardasse por um pouco mais para entrar com mais segurança, de resto concordo com o Ertai:
Para isso será necessário que nos próximos dias feche acima dos 11,5 Dólares, ou dos 12 Dólares para quem quiser esperar por um sinal mais seguro. O target será obviamente a linha a azul onde encontrará uma maior resistência.
Entretanto será de esperar uma correcção geral dos mercados as últimas subidas, o que pode afectar indirectamente esta acção, embora exista a hipótese que as subidas começem rapidamente de novo e nos preparemos para novos máximos.
Tudo depende dos dados económicos no final desta semana e se os índices aguentarem os mais recentes suportes/resistências.
até agora os dados não forma mt bons - U.S. nonfarm payrolls abaixo das expectativas
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- Mensagens: 596
- Registado: 11/8/2004 10:39
Excelente artigo,
Alfred deixa- me aqui agradecer o teu enorme contributo para quem realmente negoceia nos mercados.
Este tipo de analises juntamente com a analise dos movimentos são muito uteis para mim.
acho que juntos podemos explorar potenciais "Voadoras"
that's the way I like it, ah ah
Muito obrigado
cumps
Starter
Alfred deixa- me aqui agradecer o teu enorme contributo para quem realmente negoceia nos mercados.
Este tipo de analises juntamente com a analise dos movimentos são muito uteis para mim.
acho que juntos podemos explorar potenciais "Voadoras"
that's the way I like it, ah ah
Muito obrigado
cumps
Starter
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- Mensagens: 1047
- Registado: 15/11/2002 20:42
- Localização: Gloria-Aveiro
Fear Collects at Greg Manning
By David Meier
October 1, 2004
It's been a rough week for Greg Manning Auctions (Nasdaq: GMAI). I wrote about the company two weeks ago, as it seemed like an interesting investment opportunity. You know, one of those Hidden Gems that nobody knows about.
Last Friday, Barron's published an article (summarized here) in which people questioned lots of things, including how the Afinsa deal works. I questioned it, too, in my piece because shareholders have to make sure they deal with people who look out for their best interests. But since the Barron's article, the stock is down 19.5%, to $11.19 from $13.73 per share.
The Afinsa deal is outlined in the 10-K. I admit it's a bit complicated. That's expected when lawyers get involved to protect the interests of their clients. Making things complicated promotes job security in the esquire business.
Regardless of the complexities, the deal has been good for both parties. The Barron's article failed to point out that Greg Manning Auctions is now a better company via the parenting advantage. That is, Greg Manning is stronger under Afinsa than it was by itself. You can't blame Afinsa for buying Greg Manning at bargain basement prices, helping it get healthy, and extracting the value from it. It's a bit unfair, but who said life was fair.
Needless to say, the article made Greg Manning as mad as a collector receiving a letter with an upside-down airplane stamp postmarked on the envelope. And it responded to the article with counterpoints as heated as an Al Franken-Bill O'Reilly discussion. In addition, Afinsa reiterated that it was following the Berkshire Hathaway (NYSE: BRK.A) tradition of buy and hold. And according to the Insider Tracking tool on my e*Trade (NYSE: ET) account, Afinsa backed it up by purchasing 75,000 additional shares this week.
That's all well and good, but the risk is still there. It's probably smaller, but it is still a real concern. I would say it's smaller based on the assertion that both companies are stronger as a result of the deal. Clearly, neither wants the goose that lays the golden eggs to die.
So short interest is up. Analysts are hinting at accounting issues. No one wants to collect stamps and coins anymore. eBay (Nasdaq: EBAY) is going to destroy Greg Manning's business model. Previous investors are dumping the stock, which is down almost 40% from its 52-week high in April. The sharks smell the blood and are starting a feeding frenzy. Say, do you know why sharks don't attack lawyers? Professional courtesy! Ba-dump-bump!
Fear abounds. Is it time to buy? At less than 10 times next year's earnings and with insiders leading the way, there may be some buried treasure at the garage sale. As always, caveat emptor still applies
By David Meier
October 1, 2004
It's been a rough week for Greg Manning Auctions (Nasdaq: GMAI). I wrote about the company two weeks ago, as it seemed like an interesting investment opportunity. You know, one of those Hidden Gems that nobody knows about.
Last Friday, Barron's published an article (summarized here) in which people questioned lots of things, including how the Afinsa deal works. I questioned it, too, in my piece because shareholders have to make sure they deal with people who look out for their best interests. But since the Barron's article, the stock is down 19.5%, to $11.19 from $13.73 per share.
The Afinsa deal is outlined in the 10-K. I admit it's a bit complicated. That's expected when lawyers get involved to protect the interests of their clients. Making things complicated promotes job security in the esquire business.
Regardless of the complexities, the deal has been good for both parties. The Barron's article failed to point out that Greg Manning Auctions is now a better company via the parenting advantage. That is, Greg Manning is stronger under Afinsa than it was by itself. You can't blame Afinsa for buying Greg Manning at bargain basement prices, helping it get healthy, and extracting the value from it. It's a bit unfair, but who said life was fair.
Needless to say, the article made Greg Manning as mad as a collector receiving a letter with an upside-down airplane stamp postmarked on the envelope. And it responded to the article with counterpoints as heated as an Al Franken-Bill O'Reilly discussion. In addition, Afinsa reiterated that it was following the Berkshire Hathaway (NYSE: BRK.A) tradition of buy and hold. And according to the Insider Tracking tool on my e*Trade (NYSE: ET) account, Afinsa backed it up by purchasing 75,000 additional shares this week.
That's all well and good, but the risk is still there. It's probably smaller, but it is still a real concern. I would say it's smaller based on the assertion that both companies are stronger as a result of the deal. Clearly, neither wants the goose that lays the golden eggs to die.
So short interest is up. Analysts are hinting at accounting issues. No one wants to collect stamps and coins anymore. eBay (Nasdaq: EBAY) is going to destroy Greg Manning's business model. Previous investors are dumping the stock, which is down almost 40% from its 52-week high in April. The sharks smell the blood and are starting a feeding frenzy. Say, do you know why sharks don't attack lawyers? Professional courtesy! Ba-dump-bump!
Fear abounds. Is it time to buy? At less than 10 times next year's earnings and with insiders leading the way, there may be some buried treasure at the garage sale. As always, caveat emptor still applies
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- Mensagens: 596
- Registado: 11/8/2004 10:39
Análise a pedido - Greg Manning Auctions, Inc. (GMAI)
Deixo aqui uma breve a análise à GMAI - NASDAQ
A cotação encontra-se agora na base de uma Linha de tendência ascendente. Uma vez que já parece ter reagido ao suporte só faltará mesmo uma boa subida para iniciar uma tendência positiva de curto/médio prazo.
Para isso será necessário que nos próximos dias feche acima dos 11,5 Dólares, ou dos 12 Dólares para quem quiser esperar por um sinal mais seguro. O target será obviamente a linha a azul onde encontrará uma maior resistência.
Entretanto será de esperar uma correcção geral dos mercados as últimas subidas, o que pode afectar indirectamente esta acção, embora exista a hipótese que as subidas começem rapidamente de novo e nos preparemos para novos máximos.
Tudo depende dos dados económicos no final desta semana e se os índices aguentarem os mais recentes suportes/resistências.
Fica aqui o gráfico, Abraço
A cotação encontra-se agora na base de uma Linha de tendência ascendente. Uma vez que já parece ter reagido ao suporte só faltará mesmo uma boa subida para iniciar uma tendência positiva de curto/médio prazo.
Para isso será necessário que nos próximos dias feche acima dos 11,5 Dólares, ou dos 12 Dólares para quem quiser esperar por um sinal mais seguro. O target será obviamente a linha a azul onde encontrará uma maior resistência.
Entretanto será de esperar uma correcção geral dos mercados as últimas subidas, o que pode afectar indirectamente esta acção, embora exista a hipótese que as subidas começem rapidamente de novo e nos preparemos para novos máximos.
Tudo depende dos dados económicos no final desta semana e se os índices aguentarem os mais recentes suportes/resistências.
Fica aqui o gráfico, Abraço
- Anexos
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- Registado: 11/5/2003 12:11
- Localização: Lisboa
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