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 never thought we would see this price,, not this year anyway,it surely has to turn around soon..JB.

Starting to think that the stratergy here might be to buy in 3 lots spread over the day. More costs but will kick myself if these fall further after I have bought in.

Any thoughts

B2B

Feels like it's just paused for breath before it takes another plunge. I'm going to hold out for 400p. If I'm wrong then it's just a little less profit.

Just got in at 4.40 as it started to turn upwards. Still have 2/3 to invest. Not sure what I want the price to do now.

B2B

The fall -does this mean that all the 'pundits' /'gurus' - at Evolution,Durlacher, Hargreave Hale, Canaccord and the various mags predicting 8.75 to 11 targets are wrong????????? One would like to think that it is the general market, but NLR more than normal heartache.!

Have to believe this is all about the market in general and not NLR. Sold HMY to buy some more of these. HMY is down 7% at the moment. Let's hope my buy was as well timed (lucky?) as my sell.
Long term this has to be a good price.

B2B

First rule of making money is not to lose it.

I am waiting and watching. We've had a big head and shoulders falling through the left shoulder support and are half way down the left arm. I see no support now until 350 and then 300. I anticipate a settlement with general sideways progress through this channel for a while. A decisive break back up through 350 will be the buying signal. OK so you miss out on the first 5-10% rise, but you also miss out on the last 20-25% loss. All IMVHO.

Not a good moment in this savagely corective market to be buying into speculative penny shares, methins.

The Doggossus of Rhodes

I have stayed in this one well past my stop loss, foolish ?? maybe,, but as pension271 just said have all the financial guru's got it wrong ??,..JB..

My perspective is that the general malaise of the market, particularly AIM (FT100 is steady whereas AIM is 5% down today) is what is giving the opportunity for the shorter brigade to do their dirty work. Yesterday, I reckon there could have been 800K to 1million short sales or some 5million. There have been efforts to short NLR for a while now, quite possibly triggered by Evil Knievil's comments but it has only been really successful in the last week and that is probably largely due to the weakness in the market.

Well, these guys do have to close their positions sometime and that will inevitably lead to a rebound. It could be today. The sp is now showing a bit of resilience and there must come a time when they say enough is enough and Evil crows as to how much he has made in the process. What has this to do with the charts? Well, I reckon these are self-fulfilling 'dog'osophies, with resepct to the Dogossus of Rhodes: so they get it down to the support level and through that so onwards and downwards. But do you see them keeping their positions open for the break when there could be a lot of bullish comment in the press? So, b2b, three buys spread over the day could be really great timing.

Eric

Having last sold at 660p I am now back in at 460p. I should have been braver and bought earlier today, but perhaps best to wait for the turn.

What about you SD?

rgrds
gk

Sorry, omitted from last post to repeat the current support level at 450 which is where the chart hits the upward trend line. If it holds herer there is hope, but wait for the bounce (more than once off this level maybe) to get back in. If it breaks this level, thne he next support os 300-350p. So all is not lost today yet. IMHDO - DYODR

SD

Just back in. Many thanks for the comments. My first tranche is now up about 2% but I shan't be off to the Carribean on those profits.
Time for lunch then another rethink. Thanks sd/Eric comments as always very welcome.

B2B

PS I did wonder about buying a few more in seo but I really would be overweight with almost 50% of my portfolio in the one share!

Win some, lose some!!
Had to trade on the phone rather than on line to buy my last tranche. In the time it took to phone and buy the price moved from 465 to 474.
Better late than never? We'll see.

B2B

Im heavily in to this b2b i bought my last lot at 675p,just wish i could buy more now,i just can't see stockdogs 300 or 350 IMHO..JB..

Nope, still haven't had my lunch. Sp now 490. Sad I didn't invest all in one go.... very pleased it is flying like NLR of old. Hope it becomes popular again with punters for the next week or more.

B2B

I think a few bears may be running for cover now. They may of course regroup and "charge again" early next week. But this upturn will make them nervous, and I think we may see some money that was sitting on the sidelines start to move back in.

A good weekend to all!

rgrds
gk

Chatted this through with a professional advisor who I have a deal of confidence in. As a TA he is not that keen on NLR because he is aware of the froth around the share which I take as being opportunistic punters as many of us are, including myself. He sees the bounce off sd's support level at around 450 as significant; 468 was a 50% retracement, also significant; below 468, there is the 200ma at 395 before sd's lower levels. The upside potential in this recovery is 541. But I think the key point that he is making is that the bull market has been destroyed, at least for now. I would have averaged down today but couldn't manage it with the weakness of other positions, following the general market. Will take a raincheck at 541p and reappraise. What I have done is switch funds into NLR in the Champion Investor comp. at average 440p! Have risen from 488th to 330th already! lol!

Eric

Just had a quick day trade and took 42 points out of it.

I still believe in the fundamentals but we need a period of consolidation first and a better general market.

Wow 500p. That's psychological....man!

(I must stop smoking these Spanish cigarettes).

Well done, Dil. Was tempted myself, but hadn't the free cash - are you able to trade on-line on a settlement basis so you do not need a balance on the account?

Eric