GREY:RUTFF - Post by User
Comment by
SurfForWealthon Nov 26, 2003 8:36pm
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Post# 6704372
RE: Got my order in.
RE: Got my order in.Why is it that every time a small cap stock has a huge upward move & then settles back, everyone on the boards thinks there must be something wrong that they are not privy to? Who says there has to be something wrong...this is a paranoid mentality. It is unlikely that even if there was a problem that those outside the company would know anyways. It would be way too soon to know how well the consolidation of acquisitions is going. IMO it will take at least a couple of Q's reported before we can judge how well it is going. Many small cap stocks including this one have had fundamentals turn very psoitive & then been discovered by the market only to have very big runs upward. It is normal for profit taking, stop losses, buyers holding back, sellers that can't bear to lose their precious gains, etc to happen & cause the stock to fall back. Based on the fundamentals I think this one should be done soon. Take a look at what happened to SXC in the last 2 weeks.
I have been accumulating this stock over the past week including near the close today. I like the fact that they have retained earnings & very good margins at such an early stage. Their overhead so far is quite low which is a bonus. I suspect they will do well as they integrate their various technologies that they have acquired but you just never know. It will take some time to tell but the upside could be quite good from here given that the market cap is only $32M according to my calcs. I am positioned to watch & see how it pans out over the next 12-18 months. Good luck to all. Do your homework, understand the numbers & then sleep well my friends...Cheers!!!