Meetme, Inc. (NASDAQ:MEET)

CAPS Rating: 1 out of 5


Player Avatar PickThatBooger (28.57) Submitted: 12/6/2010 1:09:19 PM : Underperform Start Price: $9.95 MEET Score: +139.10

Time to walk this garbage down from $10.

Report this Post 9 Replies
Member Avatar PickThatBooger (28.57) Submitted: 12/6/2010 2:11:51 PM
Recs: 0

Betcha a dollar I caught the top on this one. GL

Member Avatar TSIF (99.96) Submitted: 12/28/2010 3:30:06 PM
Recs: 0

I'm in. How much more does it need to go up above $10 before you pay out the $1? Sometimes irrational people hold out longer than one would expect. Overall, however, reality will eventually set in, but I think it has a little ways to go still before you get a solid green on your pick.

Member Avatar PickThatBooger (28.57) Submitted: 12/28/2010 10:19:26 PM
Recs: 0

Haha. I owe ya $1. Ya, I had a solid green on the pick, and it went as low as $8.20ish, but I travel alot, and focus on the real deal alot. Prolly should have closed it out, But hey, ya never know. GL :)

Member Avatar PickThatBooger (28.57) Submitted: 12/29/2010 1:59:23 AM
Recs: 0

P.s. I'll still close it out for positive points in the next few days, I'll bet you another "irrational" $1, for a double down. And I mean a Down-Town Double Down. P.S. Reality set in the day after I red-thumbed it. Check your charts, I just didn't close it out on the "game". But one thing is for sure, I won't hold a short that goes up 6 fold b4 closing it out, that's "irrational"...

Member Avatar TSIF (99.96) Submitted: 12/29/2010 10:40:03 AM
Recs: 0

You had the right idea on the chart decay, but it didn't hold up. I'm in for a double down depending on your timeframe. I think it has some time left in it. All the social media crap is holding up well. People are seeing $$ on garbage piles. If I've learned anything the last two years here on CAPs it's speculators who wanna get rich can keep a pig propped up for a long time. As some speculators wise-up new ones come along. When it crashes it will crash pretty hard. It really isn't a bad media for the Spanish, the problem is that despite all the new users it isn't sticky enough like facebook. Advertisers aren't going to pay for new users who sign up, look around and leave again.

Member Avatar blake303 (29.24) Submitted: 12/31/2010 5:05:20 PM
Recs: 0

Facebook wasn't "sticky" when Facebook was the size of Quepasa

Member Avatar PickThatBooger (28.57) Submitted: 1/3/2011 2:48:56 PM
Recs: 0

Ya, the just mentioned it on CNBC, I was tweeting about it this weekend. I wish I had closed it out in the 8s now and went long, oh well.

Member Avatar TSIF (99.96) Submitted: 1/12/2011 12:14:47 PM
Recs: 0

No facebook didn't start out sticky either, but it didn't get advertising revenue until it was. For this reason, I think estimates are inflated; forward pricing is dangerous. Investor loyalty on a rapid riser with no revenue is weak if something breaks downward. I would expect serious volitility, but it is possible that if Quepasa can continue raising funds with minimal dilution and it focus's on being sticky that it might have a future, hence my short term upcalls in all my comments and in my upthumb that's second to yours.

Member Avatar blake303 (29.24) Submitted: 1/13/2011 2:06:06 PM
Recs: 0

I agree with most of what you said, but there is revenue. Volatility is to be expected. Revenue growth is encouraging and it is nice to see new agreements w/ non-related parties, like Sony.

Quarterly Revenue:
Sep 30, 2010 - 2,722,000
Jun 30, 2010 - 1,156,000
Mar 31, 2010 - 322,000

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