Dirks sent out 3 buy reports on NWLL
Here is what Ted Melcher(SEC) from Marketdigest Online (formerly SGA Goldstar ) has to say about Dirks and New Tel
Here is earlier e-mail from MDO: (Thanks, Ted!)
Pulpwoody (Again substituted for real name):
Yes. that will be okay to post my NWLL commentary on Raging Bull......but
tell those people to subscribe. We continue to pick winners lately in stocks
and options..... as you know..... CSCO puts, shorts on many of the high
fliers, IMCL, BLDP, TARO, ADVP, DURA, SHFL.....I'm babbling....you know, as
you subscribe. The people over on the Raging Bull all want something for
nothing.
On NWLL, or any stock for that matter, MDO is in the pocket of no one. We
look at each situation objectively. I'm currently long NWLL myself. I know,
as all MDO subscribers should know, that NWLL is a highly speculative
situation. I originally recommended the stock as it was given to me as an
idea from a stock broker subscriber with (brokerage company omitted). I've tried to
continue to support the stock because I know this guy has literally hung
himself. He has a big position with an average cost around $22. I know there
are also other subscribers - one in particular - who have big positions at
average prices in the $20's......so for them too, I'm trying to hang in
there with the stock. HOWEVER.....ENOUGH IS ENOUGH!!
The delays have been too long. Either announce that the deal is done or
announce that it's not done! This crap of company officials telling
shareholders before the announcement that the deal will be announced by a
certain date is not good at all. I also reiterated to my stock broker
subscriber from the very beginning that I did not like the fact that Ray
Dirks was involved. Dirks doesn't make a recommendation unless his pockets
are greased in a big way....so there's no way he can look at the situation
objectively. If you'll recall, in one of my commentaries I pointed out that
many of Dirks' deals were at or near their 52-week lows and we can now add
NWLL to the list. So post my commentary on Raging Bull. Maybe it will wake
some of the idiots up! Unless something transpires within the next two
weeks, I'd be a seller of the stock. There's too many other plays out there
where you can make money and given that the technicals on NWLL are in the
toilet, this will have to be one #### of an announcement to get this stock
above it's bearish resistance line. Bottom line, the stock may be good for a
trade and that's it. Hopefully, NWLL officials prove me wrong.
MDO
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