Hi guys,
Talked to Terence at IR about several things. First, he feels that this is end of year loss taking/dog shedding(goodbye "ruff"!) by people who are up on other stocks(Not Me!!). Second, he does expect to break even, $0.00/share, this quarter. Third, he is getting ~10 calls a day from people at Dean Witter, Merril Lynch etc. who are interested in this stock. Which means that if they can get in the black, and announce some of these new deals that they have closed, but not gotten approval for, there could be an inflow of cash from major investment companies.
It would sure make me sleep easier at night if this dog could get back up to $1.5 and stay there! I would at least be close to my average price! The thing that I don't get is why none of these investment houses don't just buy some stock right now at these rediculous prices! How can it hurt? I just wish that I hadn't bought more at .75, because now I have no cash left to take advantage of these prices.
Another stock that you guys should check out is PPH, which I mentioned before. I think it is poised to move within the next 3-6 months.
Kevin |
