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Specializing in the design of mobile video and multimedia systems and solutions based on OFDM technology Since 1990. Posts with name calling, lacking clarity or excessively verbose, will be deleted. Viewpoints pro or con always welcome

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Message: Re: Re: Return of the Mongoose
1
Dec 05, 2008 01:41AM

Dec 05, 2008 06:23AM

I followed two stocks (Mosaid Tech. & 724 Solutions) in the past which both had extremely low amounts of shares outstanding. Both had extreme violent runs to the upside, especially 724 which went from approx. $2.00 to $18.00 in a few weeks just before it was privatized at around $3.00 -- yes, it was a pump & dump to get the share price that high, but does it really matter if you sold anywhere north of $15.00 (it's about the stock right, not the long term prospects of any business plan). I feel that the tightly controlled ownership here resulting in the low float is going to create a similar outcome; that being a fast and furious exponential rise as opposed to a slow and steady appreciation. Obviously we need to endure good ol' Buby and his exercise in tree shaking first, LOL.

AIMO of course.

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