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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (16645)9/22/1999 12:06:00 AM
From: Ken W  Respond to of 29382
 
Sergio,

"you've spotted their exit plan" LOL They were "reiterating" the same thing when the stock crossed over to the down side at 26!!!!!!

I've come to believe that all of the potshots that are taken at the "chat rooms" for being pump and dump is merely a smaller reflection of what the "real wall street" has been doing for decades. I do feel sorry for the folks that bought the stock at 19 thinking that it is going to 29, based on the bias of the big money that wants to exit the stock.

Frankly I think they are cooking the books. The state that there was 41 million in pure cash flow from last Q and are going to use that money to buy back stock, then they file to sell stock on the open market through a 144 with the co. listed as the seller. To top it off, they have all of this cash, but have borrowed money to continue operations at a variable rate of interest in the face of possible rate hikes. Just does not make sense to me.

Ken