To: FawnVu who wrote (5174 ) 2/14/1998 4:41:00 PM From: KZAP Read Replies (1) | Respond to of 11708
I have a few. But until I can make a fair trade with Greg on his brain power, I'm gonna have to pass. I'm afraid it will devalue my end of the deal. NOT! To know that information would be extremely hard to come by. The best you can expect in this situation would be a educated guess. You start with the information you have. Public float. Number of those shares 'tightly' held. (This could change any day!) However lets go on what we know. Or what we think we know. The next step is to try to calculate the # of shares traded at what price over the course of a certain period of time. That is the hard part! That is where you have to attempt to figure out at what price the shares were bought and sold. What amount of profit would the investors have sold at? IMO using methods of what I assume other investors use. I would attempt to figure where the bottom is at a given period of time. As it will change as time goes on! How many investors are emotionally attached to a particular stock? What type of investors are 'in' the stock? Day traders? Long term investors? Where do they expect this stock to go? What limits have they set as exit levels? These questions could go on and on and then changed as TIME goes on! So..........What was the question again? As far as "smart sellers" goes at this point, they either are not that smart, or they were out a long time ago! Day traders are gone! If they are still here, they are not 'day tradeing' this stock! Not to say that they will not be back. This stock moved so fast, if you were not on top of it almost every hour, then you could have been caught in a position you really didn't want. What I think you want to know is where is the real support level. Right? That's what most people ask me anyway. I've said it before, here it is again, THIS IS the support level! As time goes on the "support" level will change. The support level would be at $1 IF certain types of investors held the stock at that time. IMO We are losing shorter term investors, those who want to move on to something they think will make them money NOW instead of waiting, and those who cut their losses and moved on for various other reasons. Think about this; If all the other investors were like you, where would the support level be? I ask myself these questions: How much do I want to put into this particular stock? What is the 'worth' of this stock? What kind of potential does this company have? What do other investors think of this stock? What is the historic support level of this stock? At what price do I feel comfortable at? These are starting questions, there are many more, and I'm sure yours are just as valuable in your investment decisions. These are just some I use. Should I have saved this post for my 'new' thread? There are thousands of questions. But start with ten or twelve or so. Set down and list in order which ones are the most important, start with those, and as they get answered, you will start to realize weather you are making the right decision to invest in a particular stock or not. When they are negative, fewer questions will (probably) be needed to be answered before you decide to get out. When they are positive, you can then 'dig' into questions to attempt to figure out how much, how long, where to buy more, where to sell, ect. for you to feel confident that you are doing the right thing. IMO It is important not to forget about the questions that have already been answered! Then you won't have to waste time rehashing them and get off course. If something has already been established, why beat it to death? Move on to other more important questions on your 'list'. There is always a breaking point at which time you will buy, sell or trade. You have to make that decision. Investigate the stocks you buy and don't take some body's word for it. Unless of course it is someone that you can trust. And then remember, they can make mistakes also! AS far as CSMA is concerned.......I highly suggest a call to Mike Millis, then on to others who are working for the company, and any other public information that is available. Pick up the air fresheners and see what you think. That is a small investment compared to what you could make or lose by just taking some bodies word for it. I will point out, that if you have followed all the posts on this thread and clicked on to the sites provided here, then you have a vast amount of information about the company! IMO enough to make a decision on weather you want to invest or not. If you agree with that, make your decision, and then figure where you want to get off! All aboard who's coming aboard! KZAP