You are a good sport Keechmon to respond so well to my somewhat rude
sarcasm. You are far ahead of many people in this world!! There are
many good things going on and there are many bad
things going on. There are good stocks and there are bad stocks
amongst all of them regardless of what the old adage says.
One very good thing going on is the continuous decrease in 52-week high. This
is a major turnoff to the cursory freelance small stock peruser. When
most investors look through the pages of Wall street or Investors
Business Daily and see a stock at 2 at its low point(52week hi at9 and lo at 1.75), without even
LOOKING FURTHER, they see a bad stock.
Where does the crystal ball say we are going? Who knows. Take last week
We have an investor willing to get in now with all the problems we have
been speaking of. And a big investor at that. I said a while back that we would not see
significant movement until next year's annual report for the year.
Not really significant the time, but it will take a full year of positive performance.
However, that may not be enough. I follow a stock now called ABTX and USHG.
ABTX has about 150 million unrealized revenues with loss for year. USHG has
about 50-60 million realized revenues with .26 eps for year. Now ABTX trades at 8-9
and USHG trades at 4.5. Why? who knows. You buy a company based
on many factors, but those factors are not well defined at this level
of the market. You take chances here which is why you need to invest here with
"expendable" money. You must first build a strong foundation in mutual funds
or solid companies like Coke or Gilette. Try to resist the temptation to put all into this level for the big
gain. Rarely do you win in that game, but if you are right, you could make a killing-Amgen/Intel.
For MIOA, the illegal shorts are hurting no doubt, but we do not have to take the
responsibilty of helping the stock go up. Let the management grow this company right
and acquire more entities without giving away the kitchen sink. I have a lot more to worry about
than forming a cartel to force out a bunch of buttheads.
If those people were gone, this stock is still not woth much more than two or three dollars.
The earnings thus far are small and not reproducible which make the eps to date
bogus at best. Without one time gains, this stock is the same as
last year with the exception of much better revenues and acquisitions.
The stock went up early this year because of many traders looking for
a quick gain and they got it when there was only 1.5 million shares out there.
The runup around first quarter was due to the hype put out by this thread most likely.
You would be suprised how much influence small investors can have at that small of level of stock
outstanding. Now, with more shares out there, our influence becomes smaller.
Though I do not understand why this new investor has come on, I am glad to see that someone
else( a new player) is willing to pick up MIOA now. I am willing to hold MIOA as long
as I fell it is worth it or if I see a better deal come along at this level.
No emotional ties here. I want money like anyone else.
Hang in there Keechmon, keep perspective on fundamentals and sector. MCTH
is a decent comparison. The field will always be making money since we all have
to go to the doctor, but margins and certain specialties are greater than primary care.
I try not to hype here. If you read hype or any info, check it out
yourself if you can.
In the end analysts know nothing, but a guess. This is what i think.
I could be wrong, I could be right. If I am right, I am lucky. If I am wrong
then I am wrong, but still hear me out. We all have opinions and none of
us really knows what will happen in the future.
Miller |
