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Technology Stocks : MVSI - AN UNDISCOVERED GEM -- Ignore unavailable to you. Want to Upgrade?


To: Brunello who wrote (542)9/9/1998 7:45:00 PM
From: Kevin Michael  Read Replies (1) | Respond to of 627
 
Hard to believe that this stock was RECOMMENDED on several wires this week. Hope nobody bought into this trap; learn to think on your own!!! Shares were down on one of Wall Street's biggest days so what does this tell you where this stock is headed. I heard about this stock on another thread so I checked into it. Things looked great at first but... Read some of the company's past press releases. 3rd quarter profit included the sale of some of its investment in another company (a one time gain!) Yahoo thread says this company is ENET. Anyway, company is NOT increasing shareholder value. What kind of company issues a buyback but then publicly denounces its decision only a few weeks later. FISHY! Also, read press releases from 8-11 announcing buyback and also 9-3. 8-11 release says it has purchased over 2 million shares (12%) since Jan 1997 (will buy more) but 9-3 release says it has purchased over 3,000,000 shares (17%) since Jan 1997. How did another million shares appear after cancelling buyback