To: gammaray who wrote (24499 ) 1/12/1998 8:55:00 PM From: Freddie Forte Respond to of 30240
Nicholas and Neil... I am a cynic by nature, and I smell something wrotten in Denmark , I mean Culver City. This selling or supposed selling just baffles me. I know we cannot ascertain the prevailing undercurrent that has permeated this stock. People buy and sell at various times during a stocks lifetime for diverse reasons. It would be impossible to rationalize a stocks behavior.That's why there are charts to formulate an idea or pattern for this behavior. But what is going on,now,goes beyond this concept. There are definite factors, IMHO, for the bludgeoning that we have witnessed. I think this has all been orchestrated. I'll grant you , there have been many broken promises and shareholder sentiment is downright ugly. However, is this dog really the mutt that we are now being led to believe ? If they make .02 per quarter,maybe .10 cents for the year, x 15 multiple = 1.50 stock. Fairly valued, I'd say. They're going to do more than that. So why this freefall. I can't believe, all of a sudden, this sudden disenchantment with this stock. It just doesn't make sense. What about all those big block buys a month ago at 1.50 with no price appreciation ? There was a definite deal struck for those investors. Have we forgotten all those options at much higher prices ? All the cheerleaders are gone. Their job is done here. Everyone who would have bailed , have already. So what's going on here ? Are we being played for saps, or this stock really that bad ? I have criticized management vigorously. Their business practices are questionable and their products are a mixed bag ranging from average to pretty good. But they ARE FRIGGING EARNING MONEY. Product is selling and a definite business plan is being implemented, but, not according to OUR time frame. Maybe SRCR'S timetable is different. We can never be the fly on the wall at Culver City, so we will never know the true version. People use this forum for many reasons. Some are self serving as many of us, now, know their modus operandi. Apparently, we have entered the "THE TWILIGHT ZONE". No answers, just a weird non-believing feeling.