Gary, I too like the technology associated with Thermo Tech, at least the little of it I understand. Something like this seems like the way to go, at least eventually, i.e. in 20 years or so. Of course, we all hope sooner. But let's be realistic about the environmental companies these days. To my knowledge all of them big and small are not setting any records these days. That is a hard fact that one can't get around.
Man, you must believe in this company big time to hold that many shares in it. Incidentally what is the total number of shares outstanding? Your explanation of the huge volume is not convincing. Why would the MM sell the stock only to just buy it back again? I could understand if this volume was when TTRIF was in the 2's or 3's but not here. It makes no sense. No something else is going on that neither of us understand at the present time. Volume today was under 300,000 shares. I predict that before Thermo can make its move above 2, the volume must first fall and the price stabilize. I think most Thermo holders now are pretty strong, the weak ones have already been shaken out. Therefore if the MM's are looking to squeeze the Thermo holders they will need to bring Thermo under $1. That is why I think we may yet see Thermo under $1. And yes that is probably the time to buy.
I don't have your confidence and I probably don't have your money either. What percentage of your net worth are you investing in Thermo. I hope it isn't a high percentage because even if it is a great technology it still is a very tiny company that alot of unpleasant things could happen to. Of course, if you're rich then it's no big deal. Anyway if you see Rene and tour the plants be sure to let us know your opinion and impressions. I'm sure everyone would be quite interested to hear an "independent" viewpoint.
While I'm worrying out loud let me mention one last worry. Sometime in October or November I am half expecting some kind of crash or sizable correction. Nothing scientific, just a gut feeling. And in that case, these small speculative stocks with zero earnings like Thermo will get creamed even worse than they have been so far. Just my opinion, and I'm open to anyone else's. Long term Thermo may be a winner but it could be a couple of years down the road and it may go to 50 cents first. |
