OMGA-- I think the Y2K is potentially a negative if they don't fix it, and potentially a positive. The name of the game in that business is upgrade. Please understand I am short at 8 5/8 with many of you, and thought the company was an overpriced POS. However, for my cyberfriends on this thread, I think a little devil's advocate discussion may be in order. Any comments are welcome.
This Saturday , as I previously announced on this thread, I attended a preview of their new Suite of Products which sell for $4995.00 less perhaps a thousand dollar discount credit for Trade Station stuff you have already bought. That may be prohibitive for some, but the Radar real time system is $2995.00 less discount, and so is tradestation regular and Option Station is less. We all know the profit on C of G sold has to be over 90%. What makes it potentially so dangerous is that they are selling it on credit over 12 or 16 months with 0.00% interest.
There were around 350 attendees at the Los Angeles Hilton, and the top man himself, Bill Cruz gave the presentation. (he's good) Sunday he was due to do the same thing in San Francisco.
The presentation frankly was awesome. The hard nosed audience which expected a lot of niceties, still oohed and ahed, and in fact broke into applause for about 7 features. Those features were so awesome, no one would have dared to ask for them. They must have had 20 programmers working on this suite for the three years it took them to develop it.
They flew in 4 additional salesmen who had attendees lined up asking price or ordering after the presentation. I think from what I saw if OMGA wanted to fix the Y2K problem they could or could have. Probably a marketing ploy.
They have 8 more weeks of these roll-out presentations, and I feel certain any warm blooded trader will be impressed. Cruz cleverly weaves in the ticker symbol OMGA about 10 times during the presentation. Monday morning, we'll see the effect of pushing to people who are all serious stock traders.
My point is, I now think the company is overpriced, but not a POS. With a 3,800,000 share float, we may wish to analyse the best tact here. Just wanted to inform you and Anthony. Of course a serious market downdraft would be great for us shorts as that group is sensitive to investors losing money.
Any more questions, feel free to ask.
Richard |
