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movieguy

12/17/04 10:20 AM

#4513 RE: 10thMountain #4502

For you newbie traders, don't get rattled by day to day movement of a stock with solid fundementals. The MM can move the stock any way they want and right now they want to move it down. The stock went up before on a news release, TS conference in NY and probably due to his continued hyping of NEOM in his e-mailings promoting subscriptions to his Microcap newsletter. I think TS is right on the money, though he is coming on a lot stronger than I think he should.
Now that there hasn't been any meaningful news since the run up, the stock will naturally pull back. Normally I would have sold after the run up. The problem is that news is coming, about the lawsuits, or a Vodaphone deal or something with some other big fish. YOu can't predict when that news will be released. It could be this afternoon, or it could be 2 months. But when it hits, it will move the stock. And it will move because of real news, not just the little bump up we've had. And just like SPEA's stock yesterday, if you miss the move to make a few penny's you'll miss the big dollars. I'm hanging on.