*AV*--I don't telegraph all my trades here any more but the readers saw that we let a LLT exit occur and took another position just below $7. So, I am still personally involved. I am playing the roller coaster on this one and others like FTEL and NPRO. I have had this too long and believe too much in what they are doing not to be invested. I also know the CEO real well but not personally. He is ex-National and was a powerhouse while there. A very good can do atmosphere.
The $5 was more of an institutional barrier than an resistance line for me. When the stock makes it above $5 and stays there for a few days, the big boys can get involved and recommend it to their clients.
SGI just jit our first price target of $20 today, making this another 100% winner in the past few months.
BY THE WAY - the "stock du jour" that I pulled off this thread will be making a comeback this week end. I decided to take your comments to heart and not to promote a debate or this stock until it settled down and a few dangling details were taken care of. It was not meant for anyone to jump into immediately and a specific price target was suggested to those people that asked. the target was unrealistically low based on its value at the time but the target was reached and will allow people to get in at an attractive price.
1. Website was fixed by taking off the greeting.
2. The connection to a prior shell life affiliation was disucssed with the company and I was sent a formal corporate response that no such affiliation exists and that it was a clean break. As a matter of fact, their website and SI thread now makes a statement to that effect.
3. With the ration of mergers taking place in the portal business, these guys are sure to be gobbled up down the road once they get things off the ground. This is exactly what these mega portals need to differentiate themselves from the pack.
4. They are close to launching a working test site for all their features.
5. Some interesting news releases have been published.
Remember, these guys are embryonic and therefore still high risk. However, I think they were worthy of consideration and a risk given that I would love people to get in on the absolute basement floor like in USAT, WAVX and so many other companies that start out in the real low $2s or below and get the real nice run ups prior to the herd catching on and doing an unrealistic number on the stock.
I will only release the name of the company again through private mail until mid next week and then call it out by name from that point in time. This will give the community here the first opportunity to participate, if they so choose and get a jump on anything that might filter acorss to other threads or chat areas. Being extremely thinly traded, I hope to maximize profits here and let Stock Swap indiviudals be the ones that sell into the strength down the road.
Speaking of which, NSO has been such an embryonic stage company for more than 18 months and is now up over 50% from when we first talked about it. It was way too long a wait but I guess it might be worth the wait, now that they are in a deal with COMPUSA.
Andrew |
