BTW -
In regards to our current favored, SATH.
FWW - I have done some research on the company, the story and its outlook for the immediate future and here is my (humble) opinion (subject to criticism, undoubtedly):
Obviously, the pre announcement announcement of Jan. 29th was meant to create this artificial interest in the company as well as squeeze the "shorts" (SATH succeeded) and if any media company or ISP were interested in acquiring or partnering with SATH, they would probably have to shell out a lot more cash for that privilege now.
What is the likelihood of that happening?
Well, with recent acquisitions of ATHM/XCIT and YHOO/GCTY and now the whispered GE/LCOS partnership, these types of consolidations are certainly not so far fetched (with highly overpriced internet stock prices all you need to do is offer shares, not cash).
When you see Yahoo paying almost 5 billion dollars for a web site which "houses" about 2 - 3 million individuals, just to get access to future advertising (sales) assaults, it would certainly not seem out the realm of possibility that SOMEONE would be interested in corralling SATH and their direct access to over 17.2 million potential viewers.
Do I think, however, that SATH will announce a buyout on wednesday?
NO.
I am aware (and so are the MM) that SATH has come a long way (from $2) in a relatively short time period and that the shares of SATH have been heavily shorted in the last two weeks.
Everybody will be looking to get out or "short" this stock come FEB. 10th - THAT IS PRECISELY WHY I THINK IT IS A GREAT LONG (meaning a few more days after wednesday)PLAY!
We should see a selloff here, before the announcement and then a "huge" run up, because the "shorts" will be forced to cover, again.
Understand one thing, people!
The formula is relatively easy, start a "good" story, get national attention (CNBC), raise the price of the stock, get heavy volume, entice the "short sellers" and delusionary longs and keep the stock moving upward by "squeezing" the shorts into a higher and higher price until the story is played out.
It is done so over and over again, in this market. By giving us a date, management is practically "begging" people to "short" this stock.
NO WAY! Too easy for me! I am going long.
That is how I will play it, I am in at $18 1/2 and again at $21 13/16.
I wish everyone the best, but Anthony, just FYI, this is not JBOH or MHMY!!! They went up, because of EGRP, AMTD and SIEB.
Here...SATH IS THE STORY ON ITS OWN!
Just my two cents worth,
Good luck everyone!
Rico
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