Good question. I have seen, and am currently holding, a number of stocks that would fall into the category of value plays. They all have the same characteristics: great growth rates, positive and repeated earnings, very low P/E and oh, one last thing, virtually no apparent price appreciation...yet.
Meanwhile, the community jumps on the next internut or cancer cure or whatever, none of whom have made a single dime. But they have future growth potential, allegedly, and since their fundamentals can't get much worse, people jump on them.
I know you don't want to hear "buying pressure" as the answer to your question, but until enough buyers believe the stock is greatly undervalued AND existing shareholders keep their shares tight, there will be very little movement.
Keep in mind, alot of people don't even know this stock exists. Among the relatively new shareholders, most of them probably didn't know SETO one year ago. So, LaGuardia can aid in spreading the word to new investors but it will be up to the current shareholders to stay long. Other than the occasional P & D, I really feel that these two steps are the only way to bring share price up to new levels.
TG |
