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Microcap & Penny Stocks : Short Term Picks From the 'Whiz' Kid -- Ignore unavailable to you. Want to Upgrade?

To: * Thumper * who wrote (4731)	3/11/1999 6:58:00 PM
From: Retired41	Respond to of 9115

Thumper: facts on IMOT are facts;, and they undeniably stink. I have posted them. And as soon as this stock was discussed on Daniel's thread I posted that the financials were woefully inadequate. now I have reason to believe that this whole company is simply a sucker bet to pull hard currency into a communist country. What is even more interesting no one will take me on on the facts!!! now why is that? The currency thing is obviously a bit too complex for you. Currency risk is that you invest U.S. dollars in a company that books sales in Chinese currency which, as that of a communist country, is considered nearly worthless on the international markets. Therefore Chinese sales of a service item that is both produced and consumed in China do not provide any tangible worth for U.S. valuation. If you are long on this (sway about 20 years) you might see some value. But remember China is incredibly backwards - in a financial sort of way. Have you ever considered that the average Chinese person will have to spend many years income to buy even an old and outmoded computer? How do you think this effects the market. Their conundrum then is how do they generate "hard" currency. Usually it is done by trade. I pay hard dollars to China for something they produce. China cannot buy imported goods with Chinese currency. They must have hard currency to buy. so this is a HUGE problem for the commies. Selling stock is a GREAT way to scam some Americans into GIVING it to them. I don't feel like further educating you on the obvious. But I do think your incredible audacity needs to be exposed. The people who read this thread are not fools. They also don't really care about your personal trading position. If people bought this stock yesterday or early today they all made money. Those that first bought early in the week made a bundle. Therefore how about a factual 9professional business analysis please) reason why this stock - which is an obvious momentum play - is worth risking a good gain you have in the bag. The people here are traders... hence the name of the thread. Don't mess with me, I am not stupid and I am quite wealthy (made it all by myself)... Otherwise I wouldn't be Retired at 41.