... you had better pull them in ASAP!!! If you have not read the news 5:21am today regarding Intel investments in SCM you better read it now.
Thank you for your info. re BELT in Germany! I appreciate your tip + update re. this company. Let us know of any other tip you hear .
If it is not too much trouble, please update BELT price and volume action on this thread when you can.
Belt was up to 20.50 DM today on above average volume, 4000 shares. I think most Germans are buying in the US due to the
lack of liquidity in Germany. The stock is consolidating here as the Americans sell. The word is getting out in Germany and at
least one German Investment Service has the stock as a buy. Due to the small float the Germans should be able to gain control of
the float and if this happens, and the news spreads, the stock should continue up like RLAXY, another future NMer that is being
hyped in Germany. As long as money continues flowing into NM stocks and the German markets as well, this uptrend should continue.
With interst rates so low, there is simply no alternatives for Germans to put there money. Also, for the first time, Germans are
being forced to invest for their retirement themselves and this will have the same effect as the 1980s had on the US markets.
The lockin has nothing to do with manipulation. All insider shares are locked except for periodic openings during which they MUST file with the SEC before selling. The shares that were just released were for others involved with the SEC and that lockout is a 6 month mandated lockout for those people. This release is not part of some grand conspiracy just the result of the normal rules of going through an IPO.
I am not talking naively here. I am a limited partner in a venture fund and have participated in many IPO's (not this one) and have been forced to wait for 6 months before controlling my shares.
Laut Berlin Stock News wird Bell Technology am Neuen Markt eingefuehrt. Falls dies wirklich stimmt,
gibt es ein Kursfeuerwerk !!!
According to the BELT thread, Bell Tech is confirmed to be a future NM entry (I don't know the date). I think this info was made public yesterday, although I am not sure.
The stock opened strong in Germany today. This could be another ZNET, however, BELT is confirmed to begin trading on the NM.
Check it out.
This is pretty interesting!
Another words... "We will short squeeze the hell of the shorters", and pocket the hype & manipulation.
This is exactly the same tactic as SHOPPING.COM in order to control the float. In effect, SCMM raises the price artificially by locking in the shares. SCM does not have fundamental to justify its current price.
Price is going to get a major drop correction today, based on selling 600k shares by Cowen.
The Germans did not push up the price today much. This means, any major drop on the NASDAQ is going to remain as is.