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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less.....
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To: TWICK who wrote (28512)3/27/2002 5:30:58 PM
From: wirelife  Read Replies (1) of 59879
 
Do you know that stocks trade on future and not the present or the past? Have you ever heard of buying on the rumor and sell on the news?

Seriously, this stock will go back to its old price and that's what I am expecting now until revenue actually increases and it will go higher. The stock was trading between $2 and $5 before and then the news came. That is actually a good news but the market perceived it as bad news. The company shut down a business that is not profitable (GSM) and consequently reduced the manpower by 42%. That should help the company toward profitability sooner. Then now it gets this tower deal. It's 15M for the 4th quarter but it's a sure thing so it should be factored into the stock.

So at the very least, the stock should go back to its old price range or close to that. Even if it only goes up to $2-$3 in the short term, that's still a 400% or 500% bagger as the stock is trading at around 60 cents AH, up 50% from closing price.

Look at ANCC, a company with less cash, lousy products, lower revenue than MTWV and look at the stock price after it got a 10M contract from some unknown wireless operator (unlike MTWV):
finance.yahoo.com

Here I gave you guys a very good stock lead and got bashed away. Your loss, not mine.
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