All...
This (from Yahoo) might be of interest. Link on: messages.yahoo.com@m2.yahoo.com
This is a copy of a post I made on the NWRE board nine days ago, when the NWRE crowdwere wondering about that stock's low price at that time (NWRE has been moving up well during the last few days. could be the Motorolas factor helping them).
Aug 8 1998 9:24PM EDT
A number of negatives have been mentioned that may be holding down the NWRE share price,but I think there is something more fundamental that is hurting NWRE, and BDLS, share holders.
These stocks are among the Rodney Dangerfields of the stock market; they ain't got no respect.They're like a penny waiting for change.
Look at yesterday's action (8/7). NWRE had 28 trades all day, 24,700 shares for a grand total ofabout (drum roll) $46,300. BDLS didn't do much better: 33 trades, 11,900 shares and maybe$64,400. You can imagine how eager brokers are to pocket the commissions on that kind of volume, and how diligently the MMs process orders.
In contrast, the Johnny-come-lately box makers like Dell and Gateway turned in quite different numbers. Yesterday DELL had 24,359 trades producing a volume of 15,275,000 shares resulting in over $1.6 billion changing hands - that's 41 times more that the total market cap of NWRE and BDLS combined. GTW had 1,319 trades with 1,800,800 shares and over $101 million in transactions.
So who's noticing our stocks? Not many. Probably the active watchers are just those people who post or lurk on these boards.
Serious investors who might be inclined to buy shares in small companies that are waiting for an undeveloped market to blossom probably have these two problems: (1) the floats are way too thin
(NWRE: 5.1M shares, BDLS: 2.2M shares) and (2) other established box makers can step in anytime they want. Then it would be something like the saying, "Nobody ever got fired for buying IBM or H-P products". Neo-what? Boundless-who? Not household words. Little recognition in
the financial world. (And speaking of the power of market recognition, how about Apple distributors booking over $350 million in pre-orders for the yet-to-be shipped iMac.)
Neoware might bloom with NetOS and Motorola's support. Boundless might get by for quite a while with their legacy green-screen business, their international markets, and their apparent ability to make some penetration into companies like NCR, Lucent Technologies, Avis, etc.
Present NWRE and BDLS "outsider" shareholders, like me, are for the most part speculators, not investors. Those who figure to make a fast buck are going to be disappointed. A few crumbs of good news aren't going to cause a run-up.
I can wait. Maybe NWRE has bottomed out, if Random's buddy can't buy 8,800 shares at a bid price at, or just under, the previous trade. MMs asleep?
Anyway, that's my Viewpoint (TM).
tj |
