Hi Michel,
Yes, you might be right about the pump and dump theory.
There's also another theory of poor execution as mentioned in the aritcle below that I just pulled off the Stockhouse forum:
"Jetcom Communications [JTCM.CDN] Trouble at The Top
We are becoming increasingly troubled with the performance of Jetcom which we began covering based on their entry into the Y2K arena. While some progress on the Y2K front has been made,rumblings are now surfacing that president, Alan Moriyama, is doing a poor job of executing the new initiative. The satellite division is adding to our concerns because, despite the continuing revenue stream, losses are mounting.
Our ultimate fear is that JTCM investors will now be looking to get out on any sign of a recovery, thus, hindering future progress. On a positive note, we hear that market makers with large positions
are attempting to set JTCM back on track themselves. We sincerely hope they succeed."
Whichever theory is true, the bottom line is that, unfortunately, I'm still in. What the hell, the most I can lose now is another 4 cents a share. |
