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Non-Tech : Millionaire.com (OTC BB:MLRE) --Realistic expectations
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To: CoffeePot who wrote (16)12/19/1998 1:39:00 PM
From: RockyBalboa  Read Replies (1) of 132
 
CP, to add a point,

At this time now I'm really convinced that MLRE may hit $12, 15 or $25 short time with that "thrift" exposed even on SI and being supported by SI regulars.
Not that the same forces are working who took ebay and amzn past $250 but a trading idea like bamm or amen was also carried to the high 40ies from nothing regardless of insider selling or any share count.

Even the Pink Monkey has shown a decent rise....

I have only second thoughts on the feasability of MLRE business in

-first, the business model as a whole. It is yet unproven that trading millionaires assets cutting out any small commission on each trade can sustain a streaming revenue flow. The more successful examples are bays which tender small priced items (to name AMZN, EBAY, and any shopping mall you could guess). As any mass shoppers with cheap, quickturning items seem to be the more stable enterprises.

-second, if even ebay's reliability upon execution and compliance of and with done auction deals is in question, this could well hamper the overall positive outlook of the sector. Following the roach (or iceberg) theory of failure, when damages by a phoney auction seller (in the 100k dollar range) are yet discussed in pulic, there may be some more shady things top be unveiled. For me, an ebay (as well as heavy internet and online trading) user, it put a sort of disconcern about the security there.
Any doubts about the compliance and (relative) security can make me think over changing the broker...

(To be continued,soon...)

C.

And there was another nimble one on another thread who shared my view. No touch...
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