To: P. Ramamoorthy who wrote (5174 ) 3/21/1998 3:25:00 PM From: Alberto B. Plata Read Replies (1) | Respond to of 6297
technical analysis seldom works on a OTC-BB stock. Even fundamental analysis is difficult due to the fact that OTC-BB stocks are not as transparent so as to give a rational analysis. You can do a TA and FA on this stock and it will not even come close to being predictive. There is just too much unknown and unreliable variables in the equation. To David: My statement asking how he came to a conclusion that the stocks are being sold at a loss, is not an innuendo that insiders are selling. It is a statement which is as spe- culative as his. We all know that shares were traded for equity, for services rendered, for equipment, for patent, etc. etc... For example Sierra Entertainment founders got MPEG shares. What would be the true value of those shares?? We know how much MPEG spent for them. If a Sierra Entertainment founder sells his MPEG for $ 1.00 - is he/she losing money?? As I said.. too many variables in this equation. My associates and I bought in at 4.00 and then exited @ 7.00 , later we went back in @ $ 1.85 and exited again @ $ 3.00 . So far we made good with MPEG but I doubt if we will ever get back in. We have been lurking in this thread for over a year. And we enjoyed the positive and the negative post in this thread. In fact, we made money based on a lot of information or misinformation on this thread. Good luck to Alex, poor guy, he loves this stock so much, he can't find anything wrong with it. i don't think he is hyping this stock, he just have a cult-mentality. David, you have been negative from the start but you have valid reasons, and I hope you continue posting here. Your posts have a lot of substance and this thread needs that kind of balance. This is my last post on this thread as we are moving on. To Alex... another buying opportunity?? god bless and good luck to all.