James:
To be perfectly honest with you, for the short term I am on the fence as to where this stock is going. Could go down towards low
5s or up toward high 6s. I just don't know. The now deferred Earning statement that we have been waiting for over 1 month has left me with a not so good feeling on what the short term outlook
will spell. Before that, I would have bet the farm on a strong move
up. But now, I just don't know. I've tried to contact the company
three time in the last week, got nowhere with the operator. The IR
guy was never available. This guy named Paul, who someone mentioned
does not know what is really going on. I called 3 weeks ago and spoke
to him and asked when earnings was coming out and he said next week.
Well, next week came and went, no dice. Unless you speak with either
Mark Mcknight(CFO) or the General(CEO), anyone elses info is pure speculation.
I have thinned out some of my holdings because of this, if it moves
down to upper 4s or low 5s, I'd buy it all back. If it moves up, well it would depend on the nature of the move. But I still hold a good amount for the long term. I do believe this company in the long term is very bullish to grow. Some comments by BankCeo and Marty are right on target. I just don't think it will happen in a week or even one
month. Will take more time. Unless they come out with blazzing news.
Then yes, this will be an overnight scram to the teens.
I have watched the stock for the past two weeks very closely, just
too many sells for my taste. By a ratio of 9 to 1. Maybe, tomorrow
the ratio will be reversed and the stock will return up?
TI |
