Due Diligence - How to Investigate a Stock Message Board

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Strategies & Market Trends : Due Diligence - How to Investigate a Stock

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To: Mary Baker who wrote (238)	4/25/1999 10:54:00 AM
From: who cares?	Read Replies (3) of 752

Mary, I don't know about RRRR from $5 to $10 but from $10 on up it's all been the travelling horde of gypsy daytraders that move from "story" stock to "story" stock running them up them bailing out and going to the next big thing. If you want to continue to make money in RRRR sell into any spike and then make it on the short side. When you see the term "floorless convertible" start popping up in a stock you are long, the best course of action is to(Monty Python voice) RUN AWAY, RUN AWAY!!! Take a look at what happened on IMON back in January. On the first run if you had checked the float on Yahoo it was like 3 or 5 million I can't remember. The stock does huge volume and moves but not like it should for the volume/float. It then proceeds to crash back to earth. The next week if you had checked the float on YHOO it was north of 10 million, the work of the floorless. Still, so many people were massively short the stock that the powers that be got another run out of it by squeezing them, those that held on, or added to their shorts and had patience again cleaned up as it imploded. RRRR will likely do the same. For a good example of how floorless spell doom for a company like this check out this post Message 5368910 Zeev's example may be a little extreme, then again maybe not. Agreeing to a floorless is a move of either an extremely desperate company or an extremely crooked one. CMB

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