Let me explain my line of thinking. First, a stock promoter (though Kaplan & co may not like that title, it is in fact what they do) is judged on how much they can increase a company's share price. Therfore, it behoves them to start with a low price. Therefore, if I were a promoter, before I tell anyone about a stock, I'd like to weaken it a tad before promoting it. It could be easily done with a stock as thinly traded as MDIN. Buy 100,000 shares then sell of 30,000 or 40,000 which drops the price. Now say tomorrow I begin promoting this and tell everyone it's at $1.25. I double it at $2.50 - sounds better then starting at $1.75
Now, just another thought - let's assume Kaplan as you say doesn't mess around. Let's also assume they have, as you imply, a good reputation for 2x, 3x a company's share price. Now if Barry Kaplan came to you and told you he had taken on a new client, wouldn't you immediately go out and buy it? If they have a history of driving up a share's price (which I assume is why we hired them) then we would see some buying as soon as they mention the symbol. Now, obviously that has not happened - so why? Didn't they start promoting it yet? They signed the deal on August 29th - 20 days ago and -30% ago.
Just wondering out loud...
JKeba
Now say tomorrow I begin promoting this and tell everyone it's at $1.25. If I have a track record of 2x, 3x or 4x a stock I promote then anyone I tell would go out and buy - correct? Obviously, this has not happened yet. So you tell me why |
