InvestorsHub Logo
Followers 52
Posts 10685
Boards Moderated 0
Alias Born 01/29/2005

Re: stingray2 post# 25557

Sunday, 07/03/2005 5:10:35 PM

Sunday, July 03, 2005 5:10:35 PM

Post# of 341698
The share price, IMO, is weak in part due to dilution/ fund raising, which is complete at these depressed levels based on what I've heard.

Dilution, hurts about every stock, near term, that I've followed with some exceptions. ARTX went up on dilution, but it was in a hot sector and great news came out at the same time. SIRI has gone up after dilution, but it typically dropped after fund raising before Stern.

One of the problems here is that dilution happens and we don't see any filings, so some folks assume the worst and the sharks take advantage of that. But, oversold conditions morph into overbought conditions. Patience.

What other reasons would the share price be down? Waiting for confirmation of cash flow positive, merger and definitive terms, annual MM cd target, new major labels using MM, progress made by competitors in "our" market, AAPL lisc./iPod issues, etc.

The market climbs a wall of worries......but, one big day with volume over 5 million shares can change everything here. Many catalysts could make that happen. I like the odds here.