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Non-Tech : DMRK- Damark International- The Next One?

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To: dwlima who wrote ()1/18/2000 7:48:00 PM
From: RoseCampion   of 83
 
Ummm, are Quiet_Won and I the only ones here? In the last month, we've jumped from about 11 to 23 1/2 with no significant news or explanation. In the last five trading sessions alone, we're up 50%. And seemingly no interest from anyone, here or elsewhere...volume has been higher, true, but not all that much higher. The Yahoo DMRK board has some good speculation (see postings by "Bankerbyday") but no better real clues as to what's going on here.

Remember again that the float here is at most 1.9M shares; probably less due to the company's stock buybacks and long-term/institutional holders. With as few shares available as that, if it goes into day trader or momo land due to a buyout announcement or good earnings numbers (due on the 26th), "explosive" is going to be a pretty pale adjective to describe the price action.

Note also that even at these 'lofty' price levels, the company's market cap is still only 5x book value and .3x its yearly sales. The downside exists, of course (the stock was 6 1/2 this summer) but the upside is not gone.

-Rose-
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