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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?


To: CatLady who wrote (36750)5/20/1999 10:35:00 PM
From: RobbRacer  Read Replies (2) | Respond to of 122087
 
Hey guys,
I think ADAM may still be a great short tomorrow even though some very easy money was made today. This stock is just riding the coattails of the HLTH merger with WEB MD. At 26 it has a market cap of over 100MM with sales of less than 5MM. The 5 day chart looks beautiful and this thing was $8 bucks last friday after they already relaunched their new web-site adam.com. Later this afternoon they announced a press release commenting about the HLTH merger. I've never seen a press release put out to coment about a merger between 2 other companies. It s like they were trying to share the lime-light. To be fair they do do some business with both companies but that does not justify a
PR regarding it. The float is really tight which is why this stock moved so easily. Average volume is 80,000 and today it traded over 6 million.Its obvious to me there is alot of hot money in this that won't stay long. Should be a teenager very soon IMO.I will look to short in the morning on any gaps.
Rob
P/S/ there are some insider sales as well