KM, Maybe when they make a profit, I might try some.
You're right the triangle is there, but it can go either way. Let's see what insiders are doing.
Some insider selling
NEW YORK TIMES COMPANY - 1,425,000 shares 1/9/2001
KUAAL, ANDREW R. XEMP 5,000 shares 1/8/2001
PAUL, SUNIL P 2,956 shares 1/12/2001
BERKOWITZ, JEFFREY P 7,900 shares 1/3/2001
HOLMES, BEN W. EMP 90,584 shares 1/2/2001
SOFTBANK TECH VNTRS IV 448,427 shares 1/2/2001
insidertrader.com
Apparently Ben Holmes and Jeff Berkowitz (Cramer's old partner at the hedge fund) are betting against the rise.
The question that will determine the outcome is whether the declining revenue trend will continue. Went from 7.0M to 6.2M for the Sep00 quarter. Also will the net income loss be larger than the revenue. Yes, they have the cash, but watching it dribble out 8M a quarter is no way to prove a viable business model.
On the bright side, they got my $200 for a renewal. The needed overhaul was well done.
I see $2.90 for a quick pop which is the 50 day EMA, but not $4.50. They need a good CC for that to happen or a buyout.
Jack |
