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MeetMe, Inc. Message Board

  • giovanni8844 giovanni8844 May 2, 2012 3:53 AM Flag

    How Low Can We Push this Today Shorts

    This is not an investment grade stock. No mater how good the news, every pop will get sold into. This has no institutional sponsorship at all. The stock is in the hands of Day Traders, not Investors. Only one way you people will ever see the true worth of this company. A buyout or a reverse split that lowers the share count so that the stock can be more closely held by investors not scalpers.

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    • This is not an investment grade stock? What in the heck are you talking about?

      Is there anybody out there buying or holding this stock as investment grade? Who are you talking to?

      This is a speculative play in Social Media. But there are several factors in it's favor.

      1. They are on the edge of actually making money and have enough cash to fund themselves without growth for the next 2 years.

      2. Everyone is trying to figure out mobile. They have a great set of mobile products in place and are now starting to generate revenue from it.

      3. Historical growth and a critical mass of users and infrequent users who they can reach out to to reintroduce the new MeetMe and mobile products. ie... 75 million email addresses.

      4. Really low float. There are only 36.5 million shares total and half of that is held by insiders and institutions.

      It would only take 1 institution or hedge fund or big time individual to change the entire game...

      Shorting down here seems risky to me... If I were going to short I would look at ANGI, or YELP, or RLOC. Names that have no shot of ever and I mean EVER earning a dime.

      Good Luck

2.69-0.01(-0.37%)Feb 12 4:00 PMEST