RE:I wish you all much success
Kayalounge wrote:
I don't live with negativity it's a cancer. I'm done posting here
Kayalounge is a successful investor and trader. He has been upfront about his holdings (coming and going since the beginning). I have nothing but respect for someone who has done what Kayalounge has done.
He pulled out of Revo in a respectable way and entered again at a lower price when he thought it was ready to pop. He averaged up a bit high IMO but made extremely large gains with his Revo funds for the few weeks or months he left.
Kay is heavily invested and maybe sided with JT a little too much at times. That being said, I don't see him purposely misleading others like JT about Revo and I think he's getting beat up a bit too hard.
Kay - You're a smart cookie. I personally think the "alibaba" deal that turned into an "Alipay" deal was one of the last big pumps JT/Steve had left. I was ready to jump back in feet first if Revo was a new payment option on Alibaba.com like JT hyped up (1.8B users was going to start promoting Revo?). My biggest concern was that Revo was going to hype another "partnership" that wasn't actually a "partnership". I was watching some sweet porn this morning and actually saw Alipay as an option to deposit some sort of coin to tip girls live or buy a membership (I'm not fancy and good with the free stuff but laughed at how common Alipay is)...
...I think if you hang on you'll be able to sell over the next year in the green.... Provlem is, with these absolutely insane frothy markets, you can almost throw a dart at the market and make 15-30% daily (you did even better when you left Revo I believe).
Do I think Revo has potential down the road?...possibly. Do I think they are worth 50M right now? Not even close... but I can see the spec built into the SP with people thinking Revo had a major alibaba deal, or top 40 bank deal.
There is obviously little middle ground when it comes to Revo. It seems you either love the stock and people involved or hate it. You seem like one of the few that can put emotions aside when it comes to making money.
I could be wrong but here are the reasons I feel Revo has more current potential on the downside then up....I will start with the broker record comments that everyone mentions but I feel are still relevant and move on from there.
Trust in CEO/MGMT: Trust in the team running the show is most important a lot will say. Now, "the bashers" always come back to this but I don't think it's worth skipping over. It happened years ago now but, I've still never seen a CEO message a shareholder directly telling them "I will not sell a single share and anyone who does will regret it" then 10 days later dumps millions into the open market....not impressed...now...
Let's say I believe the excuse he tells me...Okay forgiven....
Not long after the most amazing NR in the companies history hits. Jaytee had been yelling for a year straight at this point "Last chance for cheapies! $1 plus post PSD2 halt! Don't be left out!!!" The major day hits!!!
What a NR, PSD2 here and it's only Thursday (if I remember right, might of been a Friday)!!! Holy smokes! Steve said the Massive BBVA deal JT has been hyping for months is about to come true!! Steve actually said in a NR "we expect it to be complete early next week".
Well monday rolls around and holy cow the volume Steve created about the expected BBVA deal is real....Turns out the deal doesn't close for 3 months later and Steve spent the next 2 weeks (starting on the day he missed his own self imposed deadline for BBVA to close) selling millions more.
Alibaba was the last chance at a pump. It turned out this "scam" for lack of a better word is similar to my grandma walking down the street, seeing a "for lease" in a restaurant, securing it.... and then all of a sudden this extremely small restaurant starts announcing "partnerships" with Coca-Cola, MasterCard/Visa, Cibc.....No details on these deals but god damn the market loves it and let's insiders unload on the people who don't see what's coming next....all of a sudden these massive deals turn out to be "grandma picked coke over Pepsi to serve their clients, we got some debit machines in so you can pay with MC/Visa and we opened a bank account at Cibc for the business....why are you looking at me funny? Not my fault you thought my partnerships with these guys were more then they were.
Best of luck anyone left in Revo. Too tired to keep going. You'll make the right decision after Jaytee mislead you once again. Good night.