Pat,
I know 1 to 9 is nice but 1 to 40 is much much nicer. Would any normal greedy human being sell at 9 if they though stock would be way higher in a year or so. If it doesn't happen in next 2 years, IMO, it never will. Satellite, fiber optics, etc. will come on line eventually. What about the news that is supposed to be coming? If it were big, I would think the stock would at least bounce like WSTL (15) maybe more and that is supposed to happen by InterOp, right? He could easily take a !@#^& 1 month loan to pay the bills, then sell the shares in 13 - 18 range and have made an extra 600K. That is a lot of money and well worth the trouble of getting a short term loan. Let's see 1.2 Mil * 10% / 12 = 10 k interest to wait a month and make an extra 600K!!! I am not bailing, but it seems like this is the absolute worst time for him to sell, when the stock finally seems to have found a little support at 8!! Heck, maybe he's smart as heck and sells 100k to keep the downtrend going to buy another 500k at 5 (MM type move)
To sell now tells me that either something is wrong or they just don't care how their stock performs. Even if there are great deals in the works, they should be advised that people don't like to get burned on stock and often are very resistant to return to a stock after being burned already. I would not buy Iomega again if I had insider info that they had just signed 100 billion $ deal. Just an example.
I know you have addressed this issue before, but if you get a chance , please remind AMTX management that they do not live in a vacuum . Their actions have ramifications!!
Still long, but analyzing stop loss points.
MB |
