SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Airstar Technologies, Inc. (ASTG)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: saclac who wrote (45)8/5/1996 4:49:00 PM
From: baystock   of 3967
 
I am long quite a few shares on XECM at an average price around $2.35, and am feeling the pain of the drop of the last 3 or 4 weeks in the share price. My thoughts on the supposed short selling is as follows:

1) Short sellers are usually sophisticated investors and on the bulletin board can include the market makers on the stock, and they have deep pockets.

2) If people like this are shorting the stock, then the stock must was probably overvalued when it was at $3, due to being hyped by such things as the radio show

3)Usually the same people who are promoting/hyping the stock are make big noises about the large short position and talking about such gimicks as registering the shares in your name

4)I feel the only thing that will move the stock over $3 on a sustainable basis is solid fundamentals such as the revenues that would be derived from meeting the company's stated goal of having at least 70,000 or more paying subscribers withing the next couple of months

If you still believe in the company for the long term as I do, probably the only thing you can do if you bought like I did at a much higher price than today's $1.35, is buy some more shares at the current low price and then sell them the next time the share price get's ahead of the fundamentals (like the next time it is hyped on various radio shows). This way you can reduce your average cost. I'd be interested in your response since you seem to have good sources on XECM.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News