There isn't much talk like this when any stock is approaching new highs, is there?
Mr. Yammer never would have reappeared if Scangraphics had held at the first technical support level at around 3.50. It's human nature to blow one's own bugle when one gets a chance.
With all of these fearful dilution and insider integrity issues and the threat that I, too, won't be admitted into Purgatorio (and I was hoping for a chance to relax), it may be easy to lose sight of the fact that the financial markets as a whole are in a period of turmoil and the lower price of this company is more a direct result of this than serious investor concern that their are boardroom shenanigans and hijinks in high places. Average shares traded per trade is below 1500 for every day but one since the 24th of March. On the one day that shares per trade hit more than 2500 (3/26), the stock closed up 18 3/4 cents. Three trading days later, on an average shares per trade of 860, the price declined 18 3/4 cents. From this vantage point, it seems that the large money--assumed to be in a more knowledgable position--is driving the price up while distribution occurs from the little guy---folks not known for their knowledge of inside information.
I have participated in one instance in the 'naysaying' on this board and my one difficulty is out in the open. That problem stemmed more from shoddy director diplomacy than any kind of lack of integrity. From that we go on.
I appreciate the all the input you have put into this board, Mike. Singlehandedly, you have made this one of the most exciting places to be on SI. Your work, combined with the toilings of all the others, makes this a must see for everyone who wants to see how a stock board should read.
There will always come people who want to rain on the parade. That's unsettling to everyone, but the level of knowledge and information we have here gives us an umbrella to protect us.
I went out to the chicken coop this morning and they'd driven it to the mountains.
Tom |
