thing that I can guage it by would be today's trading. Based I today's trading I don't expect much good to come from Monday. Unless of course STMP is much better at preventing leaks of good news than any other company traded.
Or is STMP really only a 2-Cent stock??? Take a look at the STMP chart. Ever since mid November 1999 when STMP traded as high as $98.50 the stock has been giving us the TWO STEP shuffle. That is the stock takes 2-steps down and 1-step up, BIG 2-steps down and 1-step up, 2-steps down and 1-step up, 2-steps down and 1-step up, 2-steps down and 1-step up and GUESS what's coming next? I've lost a lot of money on this stock. I should have noticed the dozens of the insiders are all lined up with notices to sell hundred of thousands of their stock to people like us. I would like to buy STMP back when this stock gets to 2 cents when there is an opportunity for a step up and I don't have to worry about 2 big steps down and a bunch of insiders on the sideline waiting to unload. Monday's earnings got nothing to do with this stock. The hand writing is already on the wall!!!
No doubt about it, they will post losses. However, they had to spend tons of money for all kind of advertisement to increase their customer base. And they do that with great success. The stock price is already down 80% from its high and trades about at IPO-price. I don't see ANY more downside, only huge upside.
2:30-3:30 pm. Buckle up everybody. Computer set buying frenzy already set and ready to take off. This could be the lowest price you ever seen. Rember folks: All the Merger/Buyout news were happened on Monday(90%). Good luck to all longs..