Hey you,bear,waxman,..whatever,
Your two days are up and so is RAINs price.What gives???You sure do have a peculiar notion of looking at fundamentals.You actually shorted this stock before you even thoroughly reseached it,didn't you?(Or is that what all you "pure traders" do?)The day after you posted your outlandish prediction you posted Andy Milleret on Shorts!Shorts!Shorts! claiming there are "only two tourist type eateries with plans to open 9 more next year...never been to one myself"Jesus,you didn't even bother reading the latest 10Q or better yet the amended S-3.You didn't even know how many restaurants there were or what they were like.Nor did you bother to look for recent news about the company.Instead you come here to harrass us with your tired homilies.Why not go do some research instead.You might find out something valuable.
Like in June the President,Martin O'Dowd announced he "very comfortable with '96 analysts' earning estimates of $.30/share."Then on Oct.3 Martin announced he was "very,very comfortable with the analysts '97 earning estimates of $.80/share".So forget about bad news for the 3Q report in early Nov.RAIN will be over the estimates. If you like I'll be happy to break my numbers down for you but I take it a big time 'pure trader' like yourself can't be bothered with such details.Nor such details as another Cafe is opening in mid-November in Florida.There's over $150 million in the coffers for expansion and new opening announcements are probably going to be piggy backed with the good earnings announcement as the company has a history of doing that.And,stickman,this stock can double just as fast as it be cut in half.(If the price gets cut in half I'll buy a lot more.If it doubles,what are you going to do?Sell more?)So your big hope is a systemic correction.But the economy is cooling down (except for retail which is good for RAIN and tech which is good for the overall market)and unless the Democrats win the House the politcal factors are stabile.So your big hope is some pure dumb luck coming your way.Is that what you mean by being a 'pure trader'?
By the way,stickman,what's the last fad you recall that (like RAIN does)appealed to little children,teen-agers,adults and little old ladies together?Christmas?Fourth of July?Picnics?The beach?County Fairs?Maybe you should go to one and see for yourself?
At any rate,I suggest you get rid of those shorts before you wet yours.BTW,stocksmart.com has institutions holding 115% of RAIN.(Probably 85%-90% is more like it.)The independent investors have not even begun to jump in yet.So get the glue,sock and dartboard out and practice your fundamental analysis on another stock pick.
"What are we going to do tonight,RAIN?"
"Same thing we do every night,Marty.Try and take over The World"
Marty and the RAIN!!
Marty and the RAIN!!
MAR-TY and The RAIN!!!!
It's been an unspeakable pleasure,Stickman.
Dennis Vail |
