To: RocketMan who wrote (5327 ) 6/1/1998 9:26:00 AM From: RocketMan Respond to of 11850
GOOD MORNING FOLKS This is an update to a post I made yesterday. Hope everyone has had a good weekend, and is ready for this week's action, which should be very exciting. Here is my prediction for this week: 1) Gap up at the opening tomorrow, especially with more coverage from another newsletter 2) Lots of volatility, with the usual MM games 3) Lots of predictions and speculation about upcoming news releases, which should occur over the next two weeks. MEIT is occupying their new offices beginning today, and I suspect it may be hard for them to come our with a PR release this week, given that they will be busy moving in. They might, but I would not put too much emphasis on it. However, their new phone number should be operational, 713-334-4111. 4) Naysayers on the thread trying to find scared shares to buy cheap 5) Those holding long seeing good appreciation Notice I said nothing about news, because company FUNDAMENTALS is what counts. What they come out with, and when, is not nearly as important. If you believe in the fundamentals, just hold and be patient, you will be well rewarded. When naysayers arrive, unless they have substance to what they say, just click past them. Any time spent on them is less time spent focusing on the company. KEEP YOUR EYE ON THE BALL. Some final comments, about the DD that has been passed out on this thread: 1) Any DD is always of mixed quality, you have to do your own, and learn what and who you can trust and who you can not. 2) The best DD is the company's official PR, or statements from their top people. 3) Even this is best verified, and I try never to act unless I verify with a second independent source or official documents. The latter is difficult to get on a non-reporting company, which is what makes this still a speculative play. However, it's a pretty darned good play if you ask me. 4) You should attempt to validate any DD you get here, from us or anyone else. If you find validation, tell us. If not, or if you find something different, tell us that too. 5) The least reliable DD is from third sources, rumours, etc. I tend to discount those completely, although sometimes they are true. But I never make investment decisions based on that alone. Oh, and about "inside info" which has been talked about. Folks, this is not inside stuff, it is just DD. The fact that we give this out freely, with no guarantees of any kind, makes it by definition not inside stuff. I see this as the liberating influence of the internet, where no longer is it just brokers that get this DD, but we share and share alike. And since we have no connections with the company, we are free to say whatever we like, but ask you to think for yourselves and make your own investement decisions. We just try to do good DD, and are usually right but sometimes we are not. Details on news releases and timing are notoriously difficult to predict. Don't focus on this, focus on corporate fundamentals. Go back through the posts, or see the information thread, and try to correlate the information you find there with other posts. That's about it. Good luck this week!