NoName. agreed. what cooked me was the pronouncements on the SYQT thread that SYQT was going to $20 (which reminded me of the pronouncements last year that IOM was going to $100). with the number of shares issued, or the number they want to issue at 240 mil, that would give SYQT the same approximate market cap as IOM. SYQT last year at $17 is not the same SYQT this year at $5. the market cap of SYQT last year of $17 is approximately the same as SYQT at $5. i know exactly what you're talking about regarding the movement of IOM. we don't call it manipulation. manipulation implies somewhat sitting behind a desk and pushing up the price regardless (a specialist, by the way, has the "power" to push a price within reasonable limits to let a few off or on). stocks are engineered by mutuals. IOM's main problem last year was their issue of stock at $35. the shorts first took hold of IOM in the $40s in a rather big way. when IOM issued additional stock at $35, a price below the prevailing trading value at the time, anyone with market savy would have realized that the additional shares issued below market valuation would (a) cause additional shorting, (b) create further dilution. IOM had to know this was a potential occurrence as Hill sold nearly all his shares at $48 (not a good sign). When IOM's price began to fall because of technical factors relative to dilution, putters, hedgers, shorters through the media began circulating cs (not as strong as bs, as a bull is strong, a cow is a freeby chicken with fur) that IOM's sales were under attack. it is quite probable that the same institutions and individuals which purchased the shares at $35 (actually, I know this to be true) also took a larger short position in the stock and sold their initial position on a run-up backto $48 and shorted on the way back down to $12. we now know that IOM's sales were never under attack and were progressive and strong as ever. it has been some of this same fractionalism that has kept IOM from moving back into the $30s. but, the market has since fully absorbed all the additional shares, IOM's bottom line has strengthened considerably and new products are being rolled out. the future is not as bleak as some on the SYQT may suggest.
the same engineering that took IOM down from $53, can take it back up, so it can work both ways. because I choose not to address every dirty diaper doesn't mean my eyes aren't wide open. IOM will eventually hit $33. this is what I'm told. will it vassilate between now and then? oh yes. |
