ELNK: Defying the Late Day Tech Sell-offby alphadawgg on April 28th, 2008 at 4:28 pm |
Bought:
(ELNK: 9.38 +1.41%) at $9.05……………[STG $11; LTG $14]
Most of the tech names sold off near the close. This was one that didn’t. If you like to trade based on relative strength within a sector, this may be one to watch closer.
The stock is trading at just under 7x forward earnings.
Disclaimer: Like I said, I took a position in the stock. Waiting for the lemmings to pile on. Please don’t be counted among their numbers. Do your research and reach your own conclusions. You just might make money; or you just might lose money. That’s the nature of the game.
I know you didn’t just recommend ELNK.
This will hurt your election efforts, without a doubt.
April 28th, 2008 at 4:37 pmIs ELNK on your “egregious list”?
April 28th, 2008 at 4:46 pmELNK is on my “how the fuck are they still in business” list.
April 28th, 2008 at 4:48 pmFly,
April 28th, 2008 at 4:54 pmQ1 better than expected and increased guidance for the full year; buying back stock; restructuring saved $50M in the past quarter. Maximizing cash flow and profitablilty. It should outperform.
Did ELNK singe your mustache hairs back in the day? Vendettas die slowly.
April 28th, 2008 at 4:57 pmELNK is on my “how the fuck are they still in business” list.
Agreed.
“Maximizing cash flow and buying back stock?”
So this also ran, rather giving shareholders back as much dough as possible before it ultimately augers in, is instead converting that cash into shit?
I always suspected you were over 47.5 years old… hmmmmm….
Will you be recommending AOL next?
April 28th, 2008 at 5:16 pmNext, he will recommend LGBT.
April 28th, 2008 at 6:12 pmOk, haters. I just call ‘em like I see’m and this one looked interesting for money that was going to end up in the incinerator anyway.
April 28th, 2008 at 9:04 pm“Hey Dawg, I got this awesome buggy whip company that’s accumulating cash… looking to buy back big portions of it’s outstanding common….”
April 28th, 2008 at 9:34 pmJake, when I sell it at $11, you can lick shine my boots.
April 29th, 2008 at 12:22 amI found a video containing the 5 people who actually bought a Helio…
Pretty much sums it up. It was a good short. I really haven’t followed them since that.
April 29th, 2008 at 12:45 amThis is one of those companies where the name is brilliant, to the extent that it creates an emotional response.
If it was called Turdlink, TLNK, who would care they beat and were buying back turds.
As it stands, Turdlink is a much more accurate description of their business model.
April 29th, 2008 at 2:04 amHey, people can still make money off of shit. You don’t like it, don’t buy it. Or, if you really don’t like it, short it. Talk the talk, walk the walk.
End of story.
April 29th, 2008 at 2:19 am