NETeller - NLR - 3.15
Thought i would start a new thread following on from
hawick - new issue looks very special - not to steal the thunder from
hawick but just to highlight the company name to those not already in to this
potential blockbuster.
Those of us who are following NETeller know the background and have been
active with postings,for newcomers i strongly sugest viewing the
( new issue looks very special posting )the content will speak for itself.

Brief overview of NETeller
The company handles online cash transactions across the globe
on 21st oct gained fsa approval to operate as a regulated e-money issuer
and will passport the regulated status to all 25 EU member states
it has over 1 million clients rising by 2000 number each day
1500 online merchants and processed over $1.5 billion in 2003
pre tax profit is estimated to be 29 million to dec 04 rising to
40 million next year
per currently 20 to dec 04 falling to 11.5 which is low for sector
brokers have been raising forcasts on a regular basis
share price has risen over 50% since launch earlier this year
new markets emerging constantly,asia has the potential for supergrowth
online casinos are creating enormous profits
given all this - cash generative - huge market - fsa approval
infastructure in place to handle growth, profits accrue to bottom line
the market force is behind it with good relative strength
all put together it is hard to argue against this has the potential
to be a blockbuster over the year ahead

regards HUSTLER

I just got a quote to sell and they offered me 575, although bid was showing 569. It looks like the MM's are desperate to fill a buy order. The SP may fall, but I reckon it will bounce back pretty quickly.

rgrds
gk

Just bought more at 572 - as i still beleive this share has legs in it

>> bhunt

Brave one! Medium term will pay off though.

Do I see us heading down to my buy limit of 475? No, I'm not shorting (don't know how to) - just set my terms and sticking to them.

SD

SD - From a purely selfish view point - I hope we do not drop any lower than this

Baza

Oh, it would go back up again IMMEDIATELY I promise!

Too many , shall I, shan't I , would-be buyers watching for another 1p drop before making up their minds. Needs a couple of hefty buys, to lift the SP and make the ditherers rush in. Come on lads, hands into yer pockets.!!!!!

I can't sit in front of my machine each day and day trade. I have to buy shares on their medium to long term value. This one has all the hallmarks of a good investment. So much so that I might add to my holding. Anyone got any views why this is drifting. Is now a good time to add?

Cheers

B2B

I see some limit sale orders at 600 - any one has any info to add ?
Thanks

My best guess is that some peoples stop losses are being hit and this is causing a domino effect. It was also overbought and due a period of profit taking / consolidation before the next leg up.

My stop loss has not been hit but if it is then I'm out , can always jump back on later if I so desire.

People set different stop loss levels,
-20% / -30% is normal, this has only droped 10% so far
on the back of over 100% rise in less than 3 months.
Some profit taking and tree shaking is bound to happen
you can't expect it to rise everyday it just dosen't happen.
Agree if it carries on falling say another 15% cause to worry.
However with news due early April which should be positive if what
we are being told is correct the sp should rise to new highs.
You have to deside if you are sat on a gain of 100% or more
and sell out but want to get back in at a lower price will
you double your original stake if not you will lose out in real
terms, if you believe it has a lot more to come as most of us do.

regards HUSTLER

Was it the mms pushing the price down today,? if you look at that 1.4 million s
sale at the end of the day did they have an order to fill,any views??..JB...
And another the same 1.4 million...

Looks like business as normal again to me ! - or at least the downdrift has halted.

rgrds
gk

I am out temporarily. Really a defensive measure as I am trading in CFDs and can't afford the risk of a much larger correction. The charts are not looking particularly good naturally. The other readon was to release funds for positions in GMC which has paid off handsomely so far. Benefiting from the same market as NLR. Simon Cawkwell has prediction 60p which corresponds to 100m cap; could be a lot of action left. Just observing NLR from the sidelines for a while, prepared to jump back in when the charts and funds allow. Suspect GF has taken a better stance than I have but I tend to be an all or nothing sort of chap!

Eric

Still watching eric. The volumes coming back now but theres more sells than buys. Still hold two tranches at a nice profit but waiting on sidelines to see if theres more action in this one.

cheers GF.

>>Don't agree with you about the chart. I do'nt think it could look a lot better frankly. The bears had a chance to give this some hammer, and I,m pretty sure the MM's were tree shaking but the bounce has come. Mind you GMC I'm aware that GMC has gone balistic. Despite the slight chill in the week, I think the key is to stay as fully invested as possible. It's a bull market after all (or it seems like it to me)!

rgrds
gk

Good post, gallick. Agree throughly: the problem is a limited amount of funds and wanting them here, there, everywhere like Old McDonald.

Did a goldfinger on SEO and closed two out of 4 positions - need to withdraw 20K to pay deposit for daughter's house in Phuket on Wednesday (Phuket, I say!). So NLR has gone, half of SEO has gone, but thank heaven for GMC and little girls!

Eric

When you look at it what has happened? the price at some stage dropped by 70 odd pence from its high , but this aint a penny share and that drop is only just over 10%. I've seen GMC move more than that within an hour both ways.

A fall of a little over 10% is nothing when you consider the run this share has had and I agree with gallick that things are looking very good indeed, but it seems we are all traders nowadays and a couple of days on the slide or static and we feel the need to sell and look for the next hot stock. I think in the long run you may just be better off buying and holding.

capa

capa

I appreciate the point. But how is it with you? I find it the other way round: this share comes to my attention which I simply have to own, like a gorgeous female, so what do you do? look amongst the current harem and see which is the most disposable; she is no longer attractive to you and perhaps just somewhat boring and is past her sell-by date! For female readers, just transpose the sexes but I don't know what the male equivalent of 'harem' is! Any suggestions - females only, please; the blokes will start being lewd!

Friday evening - its the Rioja again!

Eric

Fully support your view capa
not many companies have the prospects that
NETeller has - the fun has only just started
News in April - Huge growth - Asia coming soon -
This company is a money making machine, you would be
mad to ignore hang in for a lot lot more.

regards HUSTLER

ps enjoy your Rioja eric
now off to the pub, thought i had better post
before i go for a change tend to get a bit (ditlecatict)
after a few pints, all the best.