Hello....Verity! I justed wanted to drop a note and introduce myself. I host a thread on SI called from the trading desk, in short term traders. I am head trader at a firm in NJ. I handle all institutional and large customer orders, etc. on the listed and otc stocks. I like to pick up cheap, beaten down stocks and I think this one is starting to creep up to the top of my list. For myself, I bought a few thousand on Friday and will average up if the stock starts to move.
Looking at the stock, it seems that a majority of the bad news is out, a few small pieces of good news with the big 6 accounting firms and IBM yesterday, large short position and good technology. Throw the ratios out as they don't make money....but....wouldn't be surprised to see Wall Street start looking for some beaten down fodder. After all, we can't keep taking dell and ge and WLA up every month....just one's trader's opinion.
Well, anyway, if anyone has any questions about the tape action in the stock, its movements, what is happening intraday, who is active who isn't, let me know.
I will be stopping inhere from time to time to add some content and insight into the stock action.
regards,
steve
steve@yamner.com |
