Well, to set the record straight, the 14 dollar shares were a trade. The reason I felt the stock could do 100, was based on technicals. We have witnessed stocks with 20-30 million share floats rising 400+% on Linux news. So, you take a stock like PERL, with a 3.2 million share float, higher revenues than RHAT itself, only 7 million shares outstanding, and give it the same kind of volume that those stocks have seen, and it becomes more of an issue of trading the stock as a commodity (on momentum) and not so much based on the company's fundamentals. 22 million shares traded today. The float turned over 3.5 times. I don't see it dropping straight down. Will it go to 100? Heck, who knows? But I bought ESFT at 5 bucks, sold 2/3 of it at 20, and the rest are just riding high. There are no insider sales lined up. Tonight, a lot of folks that missed the fun today, are looking at PERL and thinking it is the next RHAT. They say, well somebody paid 20 for it, so at 13-14, I must be stealing it. Orders may be in place tomorrow, and with the volume from today, things could get out of control. ADSP went from 10 to 57 in one day. ADSP had nothing except for momentum. ADSP had nearly 3 times the float and traded about the same as PERL. There is discussion that PERL will be offering their product for free.....so does RNWK. Linux itself was and may still be free. So why the multi-billion dollar caps??
I don't wish hard feelings between us, but you have made it clear that you do not like me. So if I took it in a way that you didn't mean it, look at my side. |
