I am still long (since mid 1996)and lurking(I have read every post and most of them on the Yahoo board. I recently quit the Yahoo board because of the BS). I seldom post because I feel that I cannot possibly add to the highly intelligent information that many of our astute members post. However, in the next couple of days I will convey some of the thoughts that I have concerning THQI both philisophically and technically.
David Haines, Mr. Aloha, Marc Newman, Brian MacDonald, Jim Monroe, NeverRight, Todd D. Weiner, Peter V, Armin Sternburg, Wolfdog 2, jonathon A. Conte, Sigmond, Emmo, Professor Dotcomm, Jeff Bond, Any Chu, Henry Hayashi, R Ranney, Kory, Apakhabar, Mike D, Robert G. Harrell, Bonzo, Wildman 262, Richard Spitzer, Yiwu Zhang, Todd DeMelle. Rogermci, Jim Fitzgerald, Vic21, Jim Oravetz, gofrank150, George Wigginton, JGreg, Andrew C.R. Biddle, Kelvin T Taylor, Wade Ramey, s.r., Time To Make TheInvs., dave brown, Dave Hanson, etc. Also, let your memory recall the posters who are not active-Bleeker, and conservatively yours, Raymond J Norris, et al
What in the hell could Herb Greenburg know about the company that this group does not know. He is a columnist. This group is accountants, analysts, consultants, businessmen, entrepaneurs, doctors, lawyers and who knows what else. Many are experts in thier fields. Most have high intelligence. (If it were the Yahoo board I couldn't say that. I could only say that some had intelligence). This group works hard to know all they can about THQI. They question facts and fiction alike. They debate all issues. They research. They are investors. He is a writer.
It is very obvious top me that Herb is working with the short position to help them cover. The short attack is very well planned. It is taking advantage of many factors that will work in their favor. The market was very over bought, especially the Nasdaq. It was overdue for a correction. THQI became over bought in November and due for a correction. We have a very small float. They have very deep pockets. It only takes a small imbalance in buyers and sellers to upset the cart. Many people had large profits at the time we peaked in price. The shorts start to sell. People get nervous. Stops are hit. The price falls. People are really nervous. Shorts sell more. More stops. Panic. Sell. At last we reach support. The price stabilizes, rises to retrace 50% of it's loss. Negative news comes out about poor sales, industry weakness, cooked books. Those that didn't sell before do so now. Shorts sell more. The price falls back to it's support. The shorts know that this could be the bottom and decide to play a trump card. A huge option play is made. Here comes Herb. He writes a negative piece. One last effort for the shorts to maximize their gains or to cover at the best price to reduce losses that they sustained last year. The price falls to 21 and huge volume stops the price in the 22 range. Are they done? Will it hold here? Scenarios can be made for both possibilities.
I will expound on the two scenarios later.
Please comment my astute friends
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