To: macker who wrote (1688 ) 5/30/1998 10:08:00 AM From: Theo Read Replies (5) | Respond to of 10343
Macker, dwlima is correct about the churning.. At every level there will be a new "breed" of investor in the wings. The investor Wednesday buying @ $2.00 is different than the investor buying @ $3.00 and so on...As they sell, others buy and become the new base. That is what I find so compelling. At every level buying has outstripped selling- a very good sign. That shows support from a wide base as opposed to a narrow base that could easily collapse. There will be pull-backs as EVERY stock experiences it along its climb. And if you don't think momentum and daytraders haven't jumped in with both feet to ride along you're nuts! Those people will pull out eventually and, along with the MM games, they will create some havoc. This will make people like Lucky appear to be clairvoyant, when in reality, he is just playing the "game" and taking advantage of the situation. This is where we need to be strong. When there is a "player" exiting, the MMs will try to step on INFE hard. So far INFE has stood its ground. But, eventually we will reach a consolidation base that will be ripe for a mass exodus of the momentum players. This will be the real test of our mettle IMHO. Just keep in mind that the underlying fundamental strength behind INFE will weather this out very well- as we "residents" have known for some time and as Macker's DD has now proven to you folks...<G> Now for those of you starting to fret about the news being pushed back, lemme give you some food for thought. The merger deal behind INFE and ACS has been going on for some time. One of the sticking points in this process, was the number INFE shares to be used in the acquisition. The stock issue was a sore point. When this merger was to be completed (few weeks ago), Tom fully expected the stock price to be at least $.50 share. Because the price never rose,(we know which MMs are involved) that meant it would cost INFE much more in the number of shares that ACS needed and INFE would havta cough up to complete the deal. Now here is speculation on my part: If you were in Tom's shoes right now, what would you do? I know what I'd do. I'd be telling ACS we are not talking about a $0.19 stock now, we are talking a four dollar stock and I think we need to reevaluate this situation. Pure speculation on my part to be sure, but, if my theory holds water, then I'd be willing to wait longer than just "a couple of days" if need be to retain our shares and to hammer out a new "agreement".<g> The more shares Tom can keep, means the more $$$ INFE can use to acquire down the road. In any event, if anyone doubts INFE's potential, one only need to pick up a copy of USA TODAY or BARRON's, or your local paper and read about the "IT" world. I have, and I have posted several articles from same to the board and to our "email" club. INFE is a niche company, and in a very envious position . If I thought INFE was a flash-in-the-pan, I'd be outta here ina second. But, this is a long-term prospect, and coupled with my obscene (paper)profits <BG!>, I gotta wait until May of '99 for the 18 month capital-gains break!! Seriously folks, I know Macker's group knows, and I know our residents know, but, you "new" folks gotta look ahead down the road...this is a monster company in the making...:-) Well, something to think about...and my fingers are getting tired of typing... ;-) Theo