You state,
"Also, according to the SEAC thread on Yahoo, the stock was
upgraded yesterday by Wedbush Morgan with a 12-18 month target
of $18"
You forgot to mention that no one has ever heard of Wedbush Morgan, have you. The SEAC thread on Yahoo, along with other threads there, is 99% bullshit. ANYBODY can post a message there, including monkeys, baboons, liars, thieves, and lazy investors. Wise up. Before you embarrass yourself by passing on unchecked information, make sure it is true.
Do you have a news post stating the upgrade? Did you call Wedbush Morgan? Do they even exist? Are you investing on rumors?
SEAC announced an impressive technological trick on Friday. Speculators and pimple faced daytraders moved in pumping the price up. No contracts were awarded, no promises for new business, nothing even remotely related to how this was going to make SEAC profitable. Technological advances occur DAILY, just check out the news wires. This company has serious problems, just ask the recently resigned CFO. Oh yeah, and about the NAB show, SEAC will do a dog and pony show and try to round up some business. Good luck, they'll need it. Have you checked the competition out there lately, it is cutthroat.
I am neither long or short on SEAC, but lazy-minded messages are an insult to the quality of public message forums. If you ask tough questions, and answer them based on facts...not Yahoo-based rumors, you will come to realistic conclusion. Analysts don't care about this stock for a reason, as it seems the CFO holds the same opinion. SEAC is headed to penny-stock status, unless someone buys them out. Check the chart, SEAC has hit lows several times so far, and just kept getting worse. I am not suggesting you sell SEAC, you might need a tax write-off this year. But if you want to invest for a profit, look elsewhere.
And do your own research, not simply parroting unsubstantiated speculation. |
