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Strategies & Market Trends : Sharck Soup

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To: Devin123 who wrote (36920)10/31/2001 10:02:43 PM
From: Oleg Sogolov  Read Replies (1) of 37746
 
Devin,

if you attempt to go long on CRWN, get ready to say goodbye to your small fortune. This company is a true POS that may not survive another 6 mos. in business. They manage to lose almost $50M (that's right!!!) per quarter, they have no cash left and quickly drain $150M loan from their parent company. Recent news on company being under restructuring is another way of saying our business practices suck big time.

In regards to eod CKCM pop: take your profits and run: stock price should be lower tomorrow. On the last trading day of each month in the last 10 mins. of trading, some stocks seem to exude ability to rise 20%+ on any number of shares traded bringing the sense of false hope only to come down the next day. I play this game very well as I scan for such a pop. Examples for today: ARRS, IMNY,IWOV.
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