Hmm now I see ATEC y2k connection !
From co 14a
" GEORGE D. EAGAN has been nominated as a Director by the Board of Directors.
Since 1996, Mr. Eagan has been President of Eagan Associates, Ltd. and Vice President of Sales for Bluestone Capital Partners, both venture capital firms.
From 1995 to 1996, Mr. Eagan served as Director of Sales at Mosaic Information Technologies. From 1994 to 1995, Mr. Eagan was Vice President at Fidelity Investments in Boston, Massachusetts. From 1991 to 1994, Mr. Eagan was an investment representative with Alex, Brown & Sons, and from 1981 to 1991 he was assistant vice president at Merrill Lynch Pierce Fenner & Smith. Mr. Eagan
graduated with a Bachelor of Science in Business Administration/Management from Alfred University, and an MBA in Finance from McGill University."
The guy is ceo of EGNS another Hauppauge , Long Island co around the corner from ATEC ROFL.
He has no engineering background, more of a money manager with probably BS ride on y2k hype. I spoke to him once.
I bought EGAN at 3/8 and dumped it at 3 1/2 in Spring.
ROFL 2 employees in Hauppauge and 7 employees in Southwest some where. They were supposed to have a magic bullett software at 10 k per , where clients remedied their own y2k issue.
An attorney friend of mine got me into it and I turned it on to many others..
OK this is how we gonna play this thing....
ATEC like Mike says could be a surprise winner,in long term. ( I frankly doubt it at its current margin and growth) Who the hell knows, meanwhile we do this my way and we can get some money out of this deal.
On Wed after stock opens at 5 + , post split let it pop at open and before 10:AM effect takes effect watching closely we short this mother. It will go down certain , to 3 1/2 may be 2 1/2 and bounce back a COUPLE times on second bounce we go long and ride the short covering back up to 5. Let it linger there and short the mother again down to 1 1/2 this time........
It will linger there for a quite a while trading inbetween 3 1/2 to 4 1/2 until next earnings come out.
In Oct there were only 40,000 shorts on ATEC but I hear a lot of short interests building on this at post split prive. Remember Meyerson can short too as well as many others. In house traders will scalp 1/32 all day long and happy making 500 - 600 bucks while co holds long position. Whale is doing this with TPRO now. House holds long and traders box it all friggin day !
Like I said Mike was simply pouring his heart out to do his job, perhaps unprofessionally, but he found a real s--ty co to represent.
But I still admire his energy.
Wed boys we short this mother and make 2 points on the way down and 2 points on the way up. Just play 5000 shares or so for fun.
ATEC management screwed this one royally. Listening to Meyerson.
They could have had the cake and eaten it too. They also could have been more frank with us when we wanted to meet with them. Hoovers still lists them as a blanket whole sale co LOL.
Joe TPRO |
