To all,
TChai, who cannot get to SI during the week, asked me via E-mail to post the following for him.
Sam
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From TChai:
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Ha Ha Ha Ha, Na na na na nee na. Down 5/16. Is that all you stupid MM's could do to drive down this fine company?
Ten years ago I complained to my coworker that the spread on the Nasdaq stocks was too high. At the time you couldn't buy the stupid stocks for less than 1/2 to 3/4 point spread. It doesn't matter if there were >100K shares traded that day, any stock was supposedly so illiquid that an order of 1/4 point above the low of the day, NEVER got filled. It took the Fed to bust them after skimming billions and billions off the working stiff.
Now that the skimming-the-spread game came to an end, the new games are: 1) Open the stock at some stupid prices below yesterday close to cause panic sellings and margin calls. This works on the human frailty of Fear. 2) Peddling stupidly, insanely priced stock such as KTEL, Seventh Heaven or Hell or whatever fad they can suck the public into. This pushes the Greed button.
Borl has suffered tremendously through the years by the use of this tactic. Flaming the company and using MM's to attack the stock prices created the perception that the company was under difficulty or even on its way out, thus, further reducing sales prospect.
The good news on this front are:
1) The flame that Borl suffered over the years is coming to an end. Borl is getting a new start next week.
2) Next month or June at the latest, MM's will be busy protecting their 200 Billions+ franchise (starting with an 'M') and will leave this fine company alone.
The company is doing fine and barring financial meltdown for the whole
economy, the uptrend in Borl is still intact.
Last but not least, these MM's are ridiculous people. By being ridiculous they induced the public to be irrational. Their outrageous behavior in setting high spread costs (before the Fed busted them, continue on today in the options market), peddling Internet stocks at stupid prices and hammer on good companies only to benefit themselves.
I can only hope that Mr. Yocam will take Borl to the big board when
qualified and leave NASDAQ the sucker market for the next century to others.
Go ' ' |
