Home Indexes Members Market
Analysis
Our Record DisclaimerSTOCK OF THE DAY
"CASINOS MAKE MONEY BECAUSE BETTING ODDS ARE IN THEIR FAVOR" ----Marty Schwartz,1999.
| STOCK | ENTRY | L/S | STOP | EXIT | HOLD SHORT POS? | PROFIT/L | TOTAL | CONDITION |
| PROX | 10 1/2 OR HIGHER | SHORT | 10 3/8 | YES,WILL FALL FURTHER | $120 | $120 | Nasadq DN-UP |
Date of trade: 03/26/01
Why PROX?
PRODUCT DESIRABILITY: NONE, INTEL HAS GIVEN IT THE KISS OF DEATH :
SELL
WHAT DID NETOPIA TOLD PROX ABOUT MERGER? : NO THANKS! : SELL
IS PROX AN ORPHAN? YES: SELL
RSI, OVERBOUGHT: SELL
MANAGMENT: DEFICIENT, SHOULD HAVE ANTICIPATED INTC MOVE AND
WARNED INVESTORS,THEY DIDN'T : SELL
COULD LAWSUITS BANKRUPT PROX : YES : SELL
COMPANY TECHNOLOGY NEW? NO,A BETTER TECH(WI-FI) IS IN PLACE : SELL
IS THIS COMPANY A BUBBLE? YES : SELL
MOMENTUM,OVERBOUGHT: SELL
IS THIS COMPANY RUNNING ON HYPE: YES : SELL
IS THE COMPANY MAKING OR BURNING CASH? : BURNING : SELL
BOOK VALUE: $ 6.74 : (WITH INTC OUT SLASH IT IN HALF OR LESS): SELL
TRUE VALUE: $2.24 : SELL
COMPETITION : INTEL, & 100 OTHER COMPANIES WENT WITH WI-FI,THE
BETTER SYSTEM : SELL
STOCHASTICS: OVERBOUGHT : SELL
DOES PROX HAS A FUTURE?, IN DOUBT NOW : SELL
PE RATIO : 174 OUTRAGEOUSLY HIGH : SELL THE POS
CASH IN EACH SHARE : $2.59, (WITHOUT INTC SLASH IT IN HALF) : SELL
MACD OVERBOUGHT,WENT FROM 5 1/2 TO 11 3/8 IN 2 DAYS : SELL
MARKET CAPITALIZATION : 279 MILLION : SELL THE FAT FLYING PIG
NET INCOME: 2.1 MILLION(WITHOUT INTC,SLASH IT IN HALF) : SELL
INVESTORS PAYING 279 MILLION TO GET 2.1 MILLION? YES : SELL
WILL SLICING IT 3 TIMES MAKE IT CHEAP? : NO : SELL
TOTAL SALES : 107 MILLION(WITHOUT INTC,SLASH IT IN HALF), : SELL
OPERATING MARGIN : - .3 % , NEGATIVE?....YUCK! : SELL
RISK IF YOU BUY AND HOLD PROX : $ 9 : SELL
UPSIDE POTENTIAL: NONE FOREVER : SELL
MOMENTUM,OVERBOUGHT : SELL
CASH IN THE BANK: $69.7 MILLION,THAT'S IT? YES,VERY LOW: SELL
HOW OVERVALUED IS PROX ? 90 % OVERVALUED : SELL
PROX FAIR PRICE: OPTIMISTICALLY $ 2.50 : SELL
NASDAQ & DOW TO TAKE PROFITS : SELL
PUT/CALL RATIO SAYS : SELL
LIKELYHOOD TRADE WILL WORK : 90.5%
CONCLUSION: MOST OF THE ODDS ARE IN OUR FAVOR
IF YOU ARE LOOKING FOR A BOTTOM YOU PROBABLY WRONG,
IF YOU KNOW IT'S A BOTTOM YOU PROBABLY LATE.------Unknown
Trade cancelled if:
1.- stock gaps up or down excessively,
2.-if market conditions are not met.
3.-Or if stock lacks volume and doesn't move.
Home Indexes Members Market
Analysis
Our Record Disclaimer
"Casinos make money because betting odds are in their favor" ---Marty Schwartz, 1999
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