Post by
vwig on Jun 11, 2007 5:28pm
SP plunge
I got in touch with the gentleman who takes care of IR and chatted with him for a while. This is a start up and the stock price got ahead of itself a bit a while back. They have set a 2 to 5 year timespan on fully finding appreciation for this new arid tool. They were pitching it to the industry in January and have gotten great response. At the moment, the big guys are calling them about the product, as opposed to BCTE having to push and push to get the product known. The test with Williams was fully successful and they are expecting to get some good news within 6 weeks or so. As they sign up new clients, they will realease those news items. Naturally, as the man said, they cannot fabricate news if there is no news.
Things are moving, but we have to be patient. I am averaging down, as I picked up a load of shares around $2.75 myself.
The technology is real, the product is real and the management has a real business plan to achieve what they feel is adequate returns for this ARID tool. It will take a bit of time, and I see it moving slowly back up when the market realizes that they can create consistent revenue with time.
I hold 10,000 shares at the moment. I will pick up more if the price drops further. This is a long hold for me, so I can accept the volatility. Also, this time of year is not the greatest for this industry, so it goes without saying that the stock may drop further.
I will keep in touch with IR and give details once and again.
Comment by
scottylee on Jun 11, 2007 6:27pm
DON'T panic sell!! Buy on these big dips, I am. Remember, buy low and sell high. Good luck to everyone...
Comment by
allmine on Jun 11, 2007 9:47pm
I'll look to buy in again when it hits $1.60 or lower ($1.20), which is when the big boys got in, most of the saps got in around 2.00 to 2.40 and those in the know apparently unloaded in early to mid April and then again in early May.
Truly, no hint of a bottom in sight at present unless it stops at 1.60