What would you do if you found two insiders conversing online, like this:
This is a real (verbatim) conversation that I found on one of the message boards by two obviously wealthy individuals who "know" a stock is going to go up a lot. I have removed their aliases (to provoke your curiousity). I want to see how many people want to know what this stock is before the clock strikes 12.
If you really really want to be in on this one before it's too late, I will post the answer on the SI thread for that stock tonight:
Are you ready:
Current stock price on 2/9/98 $2.25
Feb 9 1998 Person 1
Relax, folks, we have a $10 stock !!....maybe even more.....I control nearly a half a million shares and am not at liberty to say what I believe is happening, but I am quite sure things will be much better in the next 30 to 60 days !! I personally own over 100,000 shares.......no bull !! I'm serious !! keep the faith, your patience will shortly be rewarded......things are happening!!
Mar 30 1998 Person 1
I for one would be dissapointed with $8 a year from now.......I think it will do better.....and quicker, too .....
4/15/98 Person 2
I think CompanyX could earn $12,372,000 by keeping Product1 at 100% growth rate("further dramatic growth" Letter in Annual Report). A million $ for Product2, $500,000 for Product3.,$408,000 for engineering contracts. Downside: With all the money I am going to make, what am I going to spend it on. A fancy sports car will be useless:(
4/17/98 Person 1
I think important news will be out prior to meeting......in fact, I think before the end of this month.....
4/19/98 Person 1
No one can predict the price that the market will put on any security with any real accuracy......only what the stock may be worth.....I think the stock will be worth much more, but neither you nor I will determine the market price.....relax !!!! Good things are happening !!!! if someone wants to sell, so be it !!! I for one will not !!!!.....not at 3, or 4, or even 5 !!!!
4/19/98 Person 2
I am trying for 1/2% of CompanyX. I am close at 57900 including options. So I am trying to get into position before I can not afford the stock!
4/23/98 Person 2
I have a order for $2.20 that has not filled, my $2.25 went for a couple of days. I think most everybody is already pretty well set in there positions. Also, those who want more, like me, have been watching this stock for a while and know it can really swing in a day. So are just putting in lower orders(I used to just buy at whatever price).The MM may only have
our orders that day. I was wonder how many of us are reading this board? And how many shares. If you take out the board, there are not that many shares left. I account for 4 of the 399 and 60k and Person1 is at least 2 with 500k. so 380 people have about a million? I do not have the sheet with me.Pretty closely held. AVG= 2631 Shares/person. I am going to look at this tonight. I think any of the inside guys are going to hold. So, good news will make
this puppy jump, because most of us are looking for $10 or more a share.
4/29/98 Close at $2.75 |
