Kaiser comments from new tracker
If Stockwatch can summerize why can't I?
Selected high octane paragraphs!!!
"The Meteor breakout very likely represents investors
familiar with the Thoughtshare story who have been sitting on the sidelines until
Meteor gets financed or announces a deal that will give it a bigger stake in
Thoughtshare, perhaps even 100%. The market action is symptomatic of panic buying
by people expecting much bigger waves of buying by giant American capital pools."
"All I know is that the story has very big implications, and that
setbacks will, if anything, build new bases for even bigger rallies as the
fundamentals gel into a product everybody can download and use."
"The panic buying in the market is probably by people who understand the story and
want to be on board with the equivalent of "seed stock" before Meteor gets halted
for an IPO style financing, followed by a resumption of trading at much higher
prices. How will the stock perform from here? Unless the stock gets halted for an
announcement of a financing and a new Thoughtshare deal, I suspect the pattern
may follow that of Linmor Inc (LIR-V: $2.40), which in early December announced
that it had ported its network management system to the Linux operating system,
and over the next five days rocketed from $0.40 to $4.20 on 22 million shares. Linmor, which has 32 million shares issued, did not finance
during this rally, which made it unsustainable. Hopefully if Meteor ends up going
this route it will also subsequently form a bottom and begin a renewed rally with
all the pieces properly plugged into place. Alternatively, Meteor might behave
like Sideware Systems Inc (SYD.U-V: $19), an e-commerce software provider that
was trading at $2 in early December before it broke out in a rally that recently
peaked at US $25.50. Sideware has about 50 million shares issued, giving it a
market cap in excess of $1 billion. If the market wants to assign a much higher
valuation to Thoughtshare that is more in line with today's Internet math than
traditional yardsticks" |
