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Replies to #16 on TEAM Traders

Styrofoam

09/17/10 3:31 PM

#17 RE: joshgets46 #16

I own both stocks and I like both stocks, but timing is everything. And right now it's FRDM's "time". The problem right now w/ ACE is that the average investor gets their L2 and RTQ's from their online brokerage which is currently showing a 100% spread. That means any investor who buys AMKT "right now" takes a 50% hit the minute they buy the stock. No one will do that. So the stock will just sit there until AMKT finds a way to close that spread, which they can do by getting the right brokers / MM's involved, or until they find a bunch of investors willing to take a 50% loss just from buying the stock.

The 3 keys IMO for AMKT to breakout is [1] secure financing to go national ASAP. [2] Get past the 50 mall number [3] Close the spread on their stock. If I had to choose 1 of the 3 I'd pick close the spread. Right now it's the biggest hindrance to the stock running. Hope this helps and thanks for participating on the TEAM TRADERS board.

GOOD HUNTING.