To: Bigballs1 re: your post 9/29/00 @ 8:21a.mI've been reading your posts and the posts of others quite carefully for some time now. You've observed that Nesbitt is accumulating and your first question was "can there be only one investor in the know?". Obviously, Nesbitt doesn't know anything with complete certainty, but I'm pretty sure that they have an inkling of something that must be skirting the edges of a very high comfort-level. In other words, we must be entering the zone known as "when the deal is announced" not "if a deal will be made". It would be hard to read it any other way.
Second, you're right - how long can you keep buying up 300,000 shares a week? Whatever is going on, the investment house is making sure that their position is extremely well entrenched. And I do mean extremely. So if we agree on the notion that a deal is probably pending then the real question is... how big is the deal going to be. Ladies and gentleman, thats the only real question to be asking right now.
And finally, you can't ignore a very important fact. Technology has been whacked over the last 2 weeks. Small caps and fatcaps have been hit pretty hard with all of the new earnings worries. But look at NHC...bobbing happily in the mid 15's. I would have bet the farm that this equity would be pushed back into the $12 range just on sheer downtrend macro-pressure. But it isn't happening.
My Spidey senses are tingling folks...whatever is going on we're going to find out pretty soon, and its possible that the scope of the next NHC contract will permanently change the market's perception of what this firm is capable of. And if that perception is reshaped then only God knows how far this company will go. And my broker tells me that God is long on NHC...how much more do we need to know?
Cheers.