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Technology Stocks : RRRR: Rare Medium Group (soon to be) formerly ICC -- Ignore unavailable to you. Want to Upgrade?


To: Questerr who wrote (502)4/25/1999 3:25:00 PM
From: RockyBalboa  Read Replies (1) | Respond to of 1150
 
Thank you, Questerr...

I have already done my "DD" on this company - as limited as I can do a DD from outside.

As simple-minded as I am (I have no clue about bits and bytes and equity, and financing I'm a cook) I am limited to analogies with the real world.

Presently, I compare the stock market with a stock-car race. You have many different types of cars on the track. Some are always, or often the fastest and some don't come out of the gate. So far so good.

Note that the car race, like Indy, or Le Mans of Europe can go quite some time, thousands of miles, or 24 hours, at least. The qualifying may have some effect but it is no so significant as it lasts only a few rounds. At least, I can't bet on the qualifying but on the real thing.

Consider all the cars are on track for some rounds. Even though certain red-hot cars are sometimes silly-fast quicker then the usual racing car, they eventually fail to end the race placed.

It may be the gasoline, or the tires or the mechanic but,.... A good car is not only fast in speed but robust, brakes don't block in curves ruining the slicks, gasoline consumption is in relation to the power output and many more.

Now we have big cars like CMG or smaller cars like WCA or RRR.
From what I have heard - all hearsay - but more recently I turned to the so called "DEK" filings, there are quite some differences.

Some demand more gasoline, and the drivers demand higher wages than others. I like the cars who are on track with smaller gasoline bills and dislike the other ones, which may be fast but which must refill on every event and whose drivers demand outreageous wage bills.

Some cars are even rebuilt and repainted each season, but that doesn't change that much. The winning row after each season is just too often made up by car manufacturers which are quite quick to adobt the ever-changing rules of the game but basically are in the racing business for quite some years.

I am a gambler, and as a gambler I place my bets on cars, whose drivers and producers have quite a track record. I can't afford to bet a car whose driver drives like crazy but is only interested in his payroll and ad revenues.

Cheers

InfoStrada



To: Questerr who wrote (502)4/25/1999 3:55:00 PM
From: Dale Baker  Respond to of 1150
 
So does the SEC, and that is why they are investigating your pal TokyoJoe (and others) for pumping and dumping - both from the long and short side.

You're a funny guy, Questerr. The folks you are bashing on this thread are the farthest you can get from the Tokyo Joe types. What a riot. He deals in rumors while they deal in legal documents. Ol' TJ probably never read an SEC filing in his life. These folks spend lots of hours tearing them apart to find out who has been naughty and who has been nice.

I have no position in RRRR and won't until I see how it starts to trade on Monday. But it's rare for a company with this much financing baggage to last very long in double digits. You are up against people who have seen this many times before - they don't cause it, they just profit from stupid, sleazy things that the companies and financiers do.

As my grandfather used to say, you just hide and watch.