XNN: the making of the next TASR?
XNN is trading @ 3.01
XNN makes infrared flashlights that can see in the dark at long distance. Management recently announced they will have significant increase in revenues and earnings last quarter. The conference call is Dec 14.
Obviously i think the stock will continue to move higher from here for at least the next two weeks.
Short/intermediate/longer term play.
I believe XNN will eventually see $12.
XNN makes infrared flashlights that can see in the dark at long distance. Management recently announced they will have significant increase in revenues and earnings last quarter. The conference call is Dec 14.
Obviously i think the stock will continue to move higher from here for at least the next two weeks.
Short/intermediate/longer term play.
I believe XNN will eventually see $12.
posted by beanie11111 | 11:17 AM
61 Comments:
PNTR....Dump this stock or wait till they get listed on the exchange....Brett
Brett,
dump it. Put it into XNN. You should be able to make up for your losses there.
I believe if you got losers in other smallcap stocks (you shouldn't if you play it the way i wanted you to play, with the exception of my loser PNTR) , you might want to sell and dump it into XNN. jmho
beanie
how long does it usually take before a company like PNTR know if they can trade on another exchange?
thanks
beanie,
XNN... 1,000 shares too much? gotta sell some NYX for this tho
-mark
anonymous,
I'm not sure. I think management said they plan to apply. I don't think he said they already applied.
MED: doing just fine. GOing to 20.
mark,
that's fine but i would rather you go into MED than XNN. XNN is much more speculative than MED.
ok folks, looks like we're slowing down dramatically with the trading volume. The market is in the trash.
I'd be surprised if we rally from here.
I'm taking the day off.
Have a great weekend!!! (Yikes! How can anyone enjoy their weekend when the nasdaq is down 25 points?! The margined longs are really scared now.)
thanks beanie,
I'll keep both on my radar.
-mark
Beanie,
Whats your position on RNIN?
Thanx
I just heard from several boards that news is coming out between XNN and TASR.
I don't know how true this is but if it is, it could only be good for xnn!!!!
Apparently CYD has filed a 6K with news about reorg and outstanding loan payments -- I am traveling right now, so I don't have full web access -- so I just mean this as a heads up to people. Best,
Neil
MED: CEO`s wife sell`s 100k shares last night, price was $11.63
briefing.com - 10:15
TurkeyLurkey
If you are still in BRLC it is a great day even with the Nasdaq down 30. Ouch
*** In my opinion, XNN could become bigger than TASR. XNN products cost over $2,000 i've read. I would imagine that every police officer wants one (even if their department won't pay for it, i would imagine some would buy out of their pocket), every military personnel wants one, every important security checkpoints wants one, every homeland security personnel wants one, every hunter wants one, every pervert wants one, etc.) In contrast, the only people who wants a Taser are the police.
Do you even comprehend why i think XNN is headed higher?? Possibly alot higher?
http://biz.yahoo.com/ap/061026/xenonics_patent.html?.v=1
lol
Hey Board,
What a tough day on this fricking market...loading up on XNN, Beanies
post,
ENPT well?
Hi Beanie, I know your around somewhere LOL
Pamfla
Hi Traders,
Just came out from underneath the covers...what a down day on the market...
Hope Monday is better :)
Pamfla
Hi Traders,
Just came out from underneath the covers...what a down day on the market...
Hope Monday is better :)
Pamfla
XNN.... OUCH!!!
How many shares you loading up on Pam? In XNN that is.
I just got 500 more on a limit order I had in at 2.70.
If this baby hits 12 dollars I may take a week off!!!!!!!!!!!!
Beanie,
I am back into ATHR at 21.50
Its down 5.33% today. Can you comment on this?
Thanks
Bad call on X N N. Beanie, you should eat this one up. Ouchie!
As for XNN, Monday is another day. If the markets are up, I think it will bounce back. But as for how high it will go into earnings -- I really doubt that this will be the next TASR. Expected earnings are about .02 a share -- with the current hype, perhaps we'll see $5. I hope I'm wrong and that you all are right, but time will tell.
Does XNN still carry some potential? It looks very appealing right now at its current low price.
Lee,
Maybe like 2,000 ...kind upset the way the market perfprmed today...Like you said..Need to make some money but this is stressful
Pamfla
i have the worst of luck. got cyd, gigm AND xnn and missed all the other good ones.
I'm getting out of XNN while I still have money left!
Thank You DJFSMR ! bought $3.62 sold 4.05
hope xnn `l get a kick on Mo
lost big on TNPR sold `round $15
whole barn is laughing at me.
enjoy your weekend
TurkeyLurkey
Don't panic, if XNN pops on Monday,
you'll feel like a fool...
Pamfla
Hang tight on XNN. As for CYD....as far as I understood, the 6k filed today extended the horizon/due date for the reorg and debt repayment...this can be a good or bad thing. As opposed to the past, when CYD management seemed to let the reorg date slip by without any announcement, I suppose that this is a slightly positive turn of events. I still think CYD is a safe bet -- it will really stick at the $7 level for the time being.
hi all
I've been following this site for a while now. I notice there are a lot of valuable info being passed along with some bad ones. One thing I don't understand is rather you are an investor or a trader. I know people like beanie,neil, mark just to name a few know or atleast have an idea but the rest of you are losing money simply because you don't know why what your doing. for ex.
1. Don't buy a stock because someone said its going up. find out why. Otherwise just flip a coin.
2. Before you buy decide rather its an investment or a trade and than decide when and why you will sell. Have a goal!
I hope this helps. I didn't mean to desrespect anyone here.
JSPADE
I like how plucky little MRVL pulled back above $20. Beanie is right about this one: remember, MRVL chips may very well soon be in almost every major handheld electronic device on the market.
I generally try not to go with my "gut" when picking stocks....but my "gut" says we'll be at 22-23 by end of next week. I'll take that for a start!
JSPADE,
It's possible to be both an investor and a trader--but you're absolutely right, you have to know which role you're playing for any single stock. (This is what I think Beanie does, by the way).
Myself, I'm still learning..... I would be curious to know what you've picked up here that you liked. Are you investigating any stocks that you could share? thanks.
Its easy to say you are an investor but if the stock pops quickly, you suddenly become a trader. Nothing wrong with that. I have traded in and out of XNN twice today and bought again at the close.
Neil
yes you are correct. You can be an investor and a trader. but you must know which way your going before you enter the market. I have been doing this for over 5 years and its helped me alot. Yes there are times when I want to pull all my hair but thats another matter. I watch 20 to 25 stocks in a given day so I can't least all of them but I will mention couple that has been mention here.
1. NYX I first bought this in the mid 60s and sold it low 100s and I want to get back in for the long term.
2. USG this is definately for the long haul...2-3 years unless it goes up too fast. already bought in the low 50s. If it dips down I will buy more.(just remember what buffet said.."when people are greedy...be scared and when people are scared be greedy...) or something like that. Its helped me tremedously
3 MRVL love this stock for short term 3-6 months. waiting for the market to correct itself before I dip in.
4. XNN,LMRA,PXPL,AVCI,as a speculative play. My favorite is LMRA. I think they have alot of potential. I like PXPL for the most reward versus risk. I ran into XNN on this website and I do like their product but have to do more research. AVCI as a possible buyout candidate...
JSPADE
Anonymous
What you did today would be considered as a trader but you can call yourself whatever you want.
I personally would not have invested money in XNN as an investment, maybe more like a momentum play but everybody is different. If I invest in a stock and it gaps up quickly, I would sell some to take a little profit and hope to buy more on the way down. if a stock reaches my price target then i'm out and on to the next.
I guess you are a good investor(day trader) if you were in and out of XNN and made some money today. More power to you.
Once again I don't mean to disrespect anyone here.
JSPADE
Thanks JSPADE,
After a quick, 5 min scan of the stocks you mentioned, I really like PXPL. I'll have to do some research on this one.
By the way....I was commenting on the penny stocks you listed....I'm also waiting to get into NYX for the long term....
holy cow, i just got back and look at XNN. XNN is a great buy in the mid 2's. That's a 50% retracement. Add to your position if it gets to the low 2's.
JSPADE,
I used to blog on yahoo's stock's message board for 2 years, and most people there are nasty. That's actually where I found beanie who responded to one of my postings and invited me to this blog. I've been trading and "investing" for over 4 years now.
It's probably a good thing I cannot afford to lose too much money that I do some research before I jump in to any stock tips. But you know what, I did made a lot money this year from picking up some of the hottest stocks this year from Beanie. I used to be just buy and hold type investor until I realized there is also a quicker way of making money by buying ipos and momentum stocks- you only need to pick a few good ones to make real money. One thing Beanie keep on hamering on us is "money management"- when the stock gets really "sour" cut your losses and live and buy another day.
Your comments are well taken. We're all learning here even from other people's mistakes.
And maybe by staying positive and "nice" to each other, we'll all have
fun and make a lot of money!
XNN: Why would someone be interested in writing about a $3 stock? Gimme a break! The tone of the article is meant to induce selling.
By Carol S. Remond
A Dow Jones Newswires Column
NEW YORK (Dow Jones)--Xenonics Holdings Inc.'s (XNN) press release Thursday
was so enticing that it sent this defense company's stock up 149% on an
extraordinary volume of 9.5 million shares.
But it turns out that the reported "significant increase" in fourth-quarter
revenue heralded by the release is, at least in part, attributable to a one-off
event, a fact left out of the announcement. Seems that Xenonics was able to
sell some of the $2 million in obsolete inventory it wrote off in its fourth
quarter of 2005.
It's good that Carlsbad, Calif.-based Xenonics was able to recoup some of its
massive write down, but the news should concern investors who bid this
company's shares up to a 52-week high of $3.60 Thursday since it doesn't
indicate a turnaround at the struggling company which had an accumulated
deficit of $14.7 million by the end of June.
Already, some investors appear to be cashing out Friday, with the stock down
almost 10% to $2.92 a share. The stock closed at $3.20 a share Thursday, up
$1.90 on 56 times its average daily trading.
Xenonics founder and Chairman Alan Magerman told Dow Jones Newswires Thursday
that the company would net a nice profit for its fourth quarter that ended
Sept. 30 and that the trend would continue in 2007. Fueling future profits,
Magerman said, would be a new night-vision goggle called SuperVision.
Magerman said he decided to tell investors about Xenonics' fourth-quarter
results and positive 2007 outlook because of some frustration about a declining
stock price. Magerman said the company would post an operating profit of $1.4
million for the quarter ended Sept. 30, a huge improvement from three previous
periods in which the company posted operating losses totaling $2.2 million.
Pressed about whether Xenonics' fourth-quarter profit was boosted by the
company's write down last year, Magerman conceded that it was, at least in
part. But he insisted that, even without recapturing some of its write off,
Xenonics would have had a "significant profit" for that quarter.
Magerman declined to say how much of Xenonics's $1.4 million operating profit
came for selling goods that had been written down. The company said in its
quarterly report filed with the Securities and Exchange Commission in August
that "management believes this inventory will be sold but currently does not
possess significant sales history or future backlog. Future sales of the excess
inventory component will have a positive impact on the company's gross profit
percentage."
Xenonics has in the past announced most of its large contracts. On Oct. 3, it
said it had received two orders from the Defense Logistics Agency totaling
almost $2.2 million. Because the goods were shipped in September, this revenue
was captured in the fourth quarter. It isn't clear how much, if any, of these
orders were filled with products that had been written down. SEC filings show
that the company had about $530,000 in revenue for its fourth quarter 2005.
Xenonics Chief Financial Officer Donna Lee attributed some of the
fourth-quarter profit to the fact that the company had been able to cut
expenses. SEC filings show the company spent about $4.9 million in selling,
general and administrative expenses in its fiscal-year 2005. As of the end of
June, the company had spent about $2.9 million in SG&A in the first nine months
of fiscal-year 2006, a $300,000 improvement compared to its expenses during the
same period in 2005.
XNN:
...Like Magerman, Lee said that, even without the sale of written-down
inventory, Xenonics would have posted a profit for its fourth quarter. She
declined to provide additional information.
So before ponying up more cash for Xenonics shares, perhaps investors would
be well advised to wait until the company makes its 2006 results public on Dec.
14 to make sure that they aren't simply buying into a one-time accounting
event.
(Carol S. Remond is an award-winning columnist who won a Gerald Loeb Award in
2005 for best news service content with "Exposing Small-Cap fraud," a series of
articles that described how three small companies unscrupulously pumped up
their stocks.)
-By Carol S. Remond, Dow Jones Newswires; 201-938-2074;
carol.remond@dowjones.com
XNN: If this comment is true, "Magerman said he decided to tell investors about Xenonics' fourth-quarter results and positive 2007 outlook because of some frustration about a declining
stock price.", that is a truly incompetent ceo. That guy needs to go.
MED: very nice
Beanie
I read this article earlier today and did not like what I saw. If this is true i guess XNN is headed back to the dungeon it came from.
Would you please tell me your opinion on this. I bought in today so do you think I should sell on monday and cut my loss??
thanks in advance
XNN:
Yes, I am confused now also. Is the CEO a con? Is ther still hope it will head higher than $3?
beanie
thanks for the quick reply...My mind tells me to sell it but my gut says it still has hope. the fact it stayed in the mid 2s saids a lot to me. there are still buyers or I think this stock should have dipped even futher.
Beanie would you sell on monday or hold on bc DEC 14 seems a long way?
thanks
beanie should i sell xnn monday or wait??? i have seen a lot ask you but not your answers back to them i just started into this trading the past few months i get get zvue a few days ago and will have a profit
Hi Board,
Now I'm totally confused about
XNN..
Should I stay or should I go..
Also, I'd like to thank SGV for his positive comment about Beanie :) He does a great job informing us about stocks along with other members, Lee, Mark the rat LOL. I've also learned alot about stocks, trading. Thank you,
Beanie
ROCK ON Let's roll on Monday XNN everybody will become RICH!!!
Pamfla
Not good what I hear abt XNN.
-M
when i am looking at the order for the quarter ended 9/30 (4th quarter) it does not look so bad to me as i think the written off inventory is only a small part of that order and most of the order is for their new technology -- and the order was for more than 2 mil--also they got patents
beanie -- the part i wonder about is that this headline is dated 10/3, but they say they filled the order by 9/30
greyhoundlas
anonymous (and everyone else who has a moniker),
Regarding XNN, don't worry about it. The company's products are for real and the interest in their products are for real as well.
When you have E. Hopkins at the helm of their SuperVision division, alot of things should fall into its place. http://biz.yahoo.com/prnews/061108/law028.html?.v=80
What Magerman said about his concerns for the stock price and hence his release of guidance in an attempt to defend it are all perfectly legal, as long as they're materially correct. We have seen the same thing said during the ZVUE conference call by ZVUE's management. In fact, if you listen to that latest ZVUE earnigs conference, you will hear at the end a bunch of whining investors bagging on management about the stock price. It's the most hilarious thing i've ever heard! lol. But the ZVUE managers explained to them they thought the stock was cheap and that the company was growing.
Don't worry about XNN. It's gonna be fine. Just don't put too much money in it, as in all small caps.
There are alot of stocklemon types who take gratification in what they do - smashing stocks and exposing scams and attacking characters. In my opinion, their work are useless and don't benefit investors. (What i don't understand is why these bashers tend to bash the stocks that are moving. They should have notified the public on the stocks that don't move to begin with. That way, their work will truly benefit investors and traders. It keeps them away in the first place so they wouldn't dive in. It's only after they've dove in then the bashing comes out and hurts a bunch of people. Bad karma.) Creating fear and panic hurts stocks badly and it hurts everyone (but the shorts) badly, since fear causes stocks to drop alot faster than elation causes a stock to go up.
Most of these writers' pieces focus on attacking penny stocks, which pretty much everyone knows are scams to begin with anyways. Some traders just like to gamble in that area because they think they can get more bang for their buck.
I maintain that chronic shorties and bashers are generally not good people. They can't be. When you only see the glass as always half-empty, you can't help but want things to end badly just so you can be proven right.
Beanie
can you tell me where you got this article? I can't seem to find it anywhere except on different message forum. Just wondering where people get this info.
thank you
Hi Beanie,
Your da man, thanks for your support,
Pamfla
Here's my thoughts about XNN, from the limited readings I made so far; the product is unique and high-tech geared towards military and law enforements. So it's a niche market- which both be good and bad. If they can get a huge order from fed or state, local govt. they can make a lot of money. But again this is thing is a limited market. The only way they make big profit is to put a big mark-up per unit.
The only way I will play this is to get in and out when it goes up. The charts shows high volatility- up and down. If the volume gets in there could be a good daytrading play. Certainly cheap enough now. I'd play small and will heed Beanie's tip to play more on MED because I'm more of a swing/long-term trader.
Relax everybody. The article about XNN is a hoax imo. Don't be so gullible and believe something that doesn't have a supplied link. Instead believe this article:
http://www.thestreet.com/_yahoo/newsanalysis/winnerssmallcap/10325256.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Read carefully the second paragraph.
The Bran Man
MRVL: A good stock that i have no doubt will break above 21 sooner than later. $40 target in 2007.
I've read the article, so load up on XNN and full steam ahead! it says " Xenonics expects fourth quarter revenue to increase significantly from same period a year ago. And expecting a substantial profit for this quarter."
Moreover they are also expecting the same trend to continue in 2007. Now if only I could find the courage to bet big....
This XNN showed a lot of strength until mkt dived and cnbc dummies began screaming crash, crash, crash when the dow was at only 90 down.
Hold until 14th dec. This baby will see some wild swings over the next few days. It just takes commitment. But it will go up big time.
If monday mkt is decent, I believe it'll get back in the 3$. Earnings expectation should be enough
Congrats to those that got in at the lows.
Stevie B
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