Jeffry, I believe, if we go through another 5-8% correction with rising interest rates, we will be in or heading into a bear market. You are absoulutely correct, actrade doesn't move with the market, but on the big sell of days, I believe actrade moves down a bit. I don't think actrade has the strength or the coverage by institutions to move up in a down market.
I talked to Mitch about that, and his thinking is somewhat like this. It costs $1000 for news releases, maybe more. They watch their costs down to the penny, so they only release important information. He says, they are to busy working on the business aspect, to worry about the stock price. The company believes the stock price will come into its own as the earnings did come. He mentioned in a round about way, that maybe in the next couple of quarters, that when the revenues and market cap move up, that a couple of analysts or brokers would be intrested in the stock.
Note: nothing is etched in stone.
Ryan Plovie |
