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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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I told you...
Well SEGU went to $5.00 a share today up $0.49 on heavy volume vs a down day on NASDQ. At $5.00 a share Institutions and Mutual Funds can buy shares...So lets see what happens now. I'm currently holding 8000 shares...so my money is where my mouth is...
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Registered
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wealth is measured by so many different standards.
for instance, i feel like a million bucks because i had dinner this weekend with three hot women, one of which is my gfriend. and didnt have to pay. plus i finally jogged 6 miles without stopping. CHACHING!
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poof! gone |
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Registered
Join Date: May 2003
Location: Vancouver or... ?
Posts: 1,025
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why you, you... there's a word for your kind.
They've been known to throw the odd guy in jail for that kinda talk. Churning up interest in a stock to the unsophisticated like that. Personally, I'd be inclined to take the short position on your little wager, but I own neither the equity nor any derivatives of such equity. Unsustainable marketing concept. But what do I know... |
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What?
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Institutional invstors are not limited to buying stocks priced at $5 and up. They may purchase any stock as long as it fits their portfolio need. I'm not sure if there will be much institutional interest in SEGU because of the low volume. If a big buyer were to take a position, there would be a lack of liquidity on the sell side without the price falling drastically. That could hold true for your position also. Most stocks like this one are driven up by a firm who is paid to tout the stock to other brokers who hopefully will tout the stock to their clients. How did you hear about it?
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Tom J. 911SC Cab SCWDP CaymanS |
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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I have bin following the company since 1996. Yes the low volume is a problem and I can't liquidate my position all at once. There are 11M shares on the float. Roughly 9M of those shares are controled by insiders. Right now we are looking for blocks of 9000 shares or so to indicate Institutional investment of one kind or another. We'll just have to wait an see...
Your right Institutional Investors can buy stock below the $5 threshold, however there are roadblocks for doing so, imposed by the SEC. My suggestion is to take a close look at what the company does, it's leadership role in what it does, the developments that have taken place over the last several months and a look at the alliances or people who allready use their services. Then based upon those conclusions U tell me if this is a worthy company to invest money in. When it comes to investing money in the Stock Market I'm NO expert. I think I've learned a few things over the years, I think pitifull few at times. Realizing my ignorance I sought out professional advice, adhearing to the old saying that a lawyer who represents himself has a fool for a client. I was lucky in that I had a friend who was an "old hand" in investing money in the Stock Market...he had bin doing it for 50 years. He refered me to his Broker who he described as being "the smartest and most honest Broker he had ever met." I have to concur.
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Copyright "Some Observer" Last edited by tabs; 02-24-2004 at 01:35 AM.. |
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