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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services
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To: Jonathan Lebed who wrote (2401)2/1/1998 1:12:00 PM
From: Lurker  Read Replies (2) of 27968
 
Greetings All:

I've been wondering. Many of you say that you have done your DD on this stock. I am interested in knowing how you did this. You cannot have done any DD based on any of the figures the company has given us. These figures keep changing and are unreliable. Useing chicken entrails are just as reliable.

Also, I have been wondering why people are so worried about the hypesters and the doomsayers. If a hypster gets the price of the stock to .50, so what? If a doomsayer gets the price of the stock to .20, so what? This is assuming that SI has the power to do this.

Regardless of whether the price of the stock is .20 or .50, if the audited financials come out with an EPS of .10, this baby is going to skyrocket. Likewise, if the audited financials come out with an EPS of .01-.05, this baby is going to tank.

It all depends on what the truth is. Hype (positive or negative) will have little long term effect.

Someone mentioned that they didn't know who was selling all these shares. We had the same question on the EUTO thread. We had a float of 20 million. One day day the company announced that, oops, there was another 50 million shares in the float that they had neglected to mention. The stock price is now half of what it was.

Each day after tomorrow (Monday) that the audited financials don't come out, the price will erode.

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