Gary, I have gone back to your post #6297 from last week which
frankly was a turning point where I switched from being a moderate
bull from a short term trading standpoint to a bear and we eliminated
our positions making a small profit. My concern in addition to the
points you made is the fact that no momentum has built up with the
success of Sparq. We had a few huge volume days where it spiked up
but then quickly settled back down. No momentum players, TA types or
others to keep things moving. I do think that the venture capital
types are selling into any strength. I did want to wait for the SSB
conference but no one seems to know the details of when, etc. and I
have seen firms flop and get crushed at these conferences too so any
embarrassing questions regarding these "two for one" deals, etc.
could really crater the stock. Also, if Castlewood's ORB is this
good with advanced head technology at the same price, Sparq becomes
a wet dream. Forget the intellectual property and patent disputes.
These companies are at the "food and shelter" level. No "self
actualization" here. So they dont care who they screw, only if they
will survive so if ORB is real and ready it will be there and the
market changes instantly. So I think we will see an erosion of
optimism and of Syquest's share value now, at least until something
significant happens on the positive side like a home run at this SSB
conference, a take-out for some reason, or whatever. My intuition is
the sentiment is starting to run negative and I didnt want to suffer
some draconian downdraft especially when it appeared from your post
that I did own more shares than the CEO. So I took the conservative
route and cleaned out our portfolios. Just my opinion. Not short
either. As an aside, I have found this thread to have many very
informed and astute posters but we are a bit intolerant of each other
and maybe we need to be kinder and gentler. We dont all agree but
every piece of information is valuable because it reflects someone's
sentiment. |
