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Technology Stocks : Innovacom (MPEG), [announced single chip MPEG-2 encoder]
MPEG 0.0001000-50.0%Aug 29 1:17 PM EST
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To: P. Ramamoorthy who wrote (5174)3/21/1998 3:25:00 PM
From: Alberto B. Plata  Read Replies (1) of 6297
 
technical analysis seldom works on a OTC-BB stock.
Even fundamental analysis is difficult due to the
fact that OTC-BB stocks are not as transparent so
as to give a rational analysis. You can do a TA and
FA on this stock and it will not even come close to
being predictive. There is just too much unknown and
unreliable variables in the equation.

To David:
My statement asking how he came to a conclusion that the
stocks are being sold at a loss, is not an innuendo that
insiders are selling. It is a statement which is as spe-
culative as his. We all know that shares were traded for
equity, for services rendered, for equipment, for patent,
etc. etc... For example Sierra Entertainment founders got
MPEG shares. What would be the true value of those shares??
We know how much MPEG spent for them. If a Sierra Entertainment
founder sells his MPEG for $ 1.00 - is he/she losing money??
As I said.. too many variables in this equation. My associates
and I bought in at 4.00 and then exited @ 7.00 , later we went
back in @ $ 1.85 and exited again @ $ 3.00 . So far we made
good with MPEG but I doubt if we will ever get back in. We
have been lurking in this thread for over a year. And we enjoyed
the positive and the negative post in this thread. In fact, we
made money based on a lot of information or misinformation on
this thread. Good luck to Alex, poor guy, he loves this stock so
much, he can't find anything wrong with it. i don't think he is
hyping this stock, he just have a cult-mentality. David, you have
been negative from the start but you have valid reasons, and I
hope you continue posting here. Your posts have a lot of substance
and this thread needs that kind of balance. This is my last post
on this thread as we are moving on.
To Alex... another buying opportunity??

god bless and good luck to all.
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