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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (41843)	6/9/2003 8:10:36 PM
From: orkrious	Read Replies (1) \| Respond to of 57110

I'm not big on PnF, but I know this looks good stockcharts.com

To: Jorj X Mckie who wrote (41843)	6/9/2003 8:31:20 PM
From: HoodBuilder	Respond to of 57110

I guess the easiest thing I can say is that when the SEC opened their investigation and it was delisted it fell to a ridiculous level (<$.10), at that point every institution that owned it, puked it and it created an unusual opportunity. It should have probably traded to a $1.00-$1.50 not $.10 and now that time has passed, the bonds are strengthening and the company has had good things to say about cashflow you're seeing hedge funds buying for the possibility of survival. If, and this is an if, they can scrub the books and affirm guidance of +/- $.30 then why wouldn't the stock trade to at least pre-delisting levels and once they execute their plan, much higher. The overhang for many years was the ex CEO, now he's gone and the business is able to enjoy it's success and not be the personal pocketbook of an ego maniac. I view this as a bimodal outcome stock. It survives and I hit a grand slam or it files and I loose 80% of my investment. There is NO middle ground. I personally like the odds. I had lunch with a friend today and asked him " If I were to tell you about a stock that if you invested today at $.70/share you had a 20% chance of loosing all of your money or an 80% chance of making a 10 bagger would you do it? He returned from lunch, called his broker and bought 100K shares at $.72...enough said.