84 cents! How's that for confirmation of the old advice to sell on good news? Let's not all be too disheartened, DAN. I'm not at all surprised by the sell-off, considering all the pre-emptive notices we have been receiving. With year end selling pressure still out there, it makes sense that those who were holding out for this news, upon getting no run-up, simply threw in the towel. Can't say for sure, but it makes sense. Meanwhile, today I tried to pick up 10,000 shares in my wife's IRA (you can't tell me I'm not ultimately bullish on this stock) between the spread, at 7/8, and so far today, the MM hasn't given it to me - so there's no real weakness at this level. I trust we should be near the end of the tax sales, but those things are so unpredictable. The next thing to possibly look for is some sort of FCC news, none of which, I believe, can hurt the company anymore. If MOOR has to give up the written down markets, we simply hunker down and wait for earnings. FWIW, I expect to visit the corporate headquarters third week in January.
Bill |
