>>When SYQT activity like this happens, you can throw the fundamentals out the window. Is this
trading fun or what! I think I'll call this:
EZ-Money
Regards - Dale<<
This is exactly my point. One can mull over IOM's bottom line, or SYQT's convertible stock, but what everything boils down to is stock price.
The only reason I'm in the stock market is to make money. Some stocks are easier to make money on.
SYQT is easy, because the Street likes this stock, as evident by the recent upsurge in price. This resurgence tells us that the Big People are willing to stand behind a troubled company, and ignore a succesful company like Iomega. If IOM were held to the same standard as SYQT, IOM would be trading much, much higher than it is. But however "unfair" it is, IOM will never get the same amount of leeway that SYQT gets. IOM had it's day (then IOMG-- NASDAQ) long ago. There are a few stragglers and late-comers who hang onto that stock while a raging bull market surges right past them. In the meantime, they miss opportunities like this SYQT blowup.
But in the end, in moments like this, you are right...THIS IS FUN! |
