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Ascential Software Corp. (ASCL) Message Board

  • InvestmentGuru2001 InvestmentGuru2001 Jan 4, 2002 2:55 PM Flag

    Re: Hey am-a-nut, I'm over here

    "I'll start selling when it hits $8 and will make a lot of money like I have in years past with IFMX. It's not about the CEO, it's the stock price stupid!"

    At least IFMX lied about its earnings which caused the stock to double and split 4 times. They also did have some "real" revenues. It was also a very different market.

    Don't expect an IFMX scenario with ASCL. They are lousy liars, have no earnings or product, and have no idea what to do with their cash other than pad executive salaries. Plus, investors are more cautious today having been burned by the dotcom blowout.

    If ASCL had some product that was newsworthy, then I think a pump and dump scenario might be possible. However, they have nothing "sexy" to sell, they aren't making any money, the Street could care less about them, and they still have far too many shares to ever become truly profitable.

    I like to think that your thinking will hold --Maybe we could see 8...but not until they are actually selling something.

    Good Luck...

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