Tuesday, August 29, 2006 2:08:52 PM
a long term hold like this is definitely a different animal all together than the short term small market plays.
Some of those plays last 10 minutes, 10 hours, 10 days, but rarely ever last 10 months. lol
Most if not all small market stocks are nothing more than momentum trades based on different short term factors and the buzz on the boards. Some people make money trading, but it's a heart attack ride trying to do so. It's a very tough game to beat given the dilution and suspect trading practices going on behind the scenes.
Solid plays like MDTA will take time, but the improving fundementals over time should support the pps you mentioned in your post and an even higher beyond that.
From now til after the holiday is jammed here, so I'll check in but be more active in DD through next month.
Here is the firm Megadata contracted as mentioned in yesterday's PR:
http://www.central.aero/
Pretty impressive group. Add that to the signings we see in the PR's this past year and a 4 million O/S, and it's a play that should treat us right.
Vitamin DD
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