This stock (and this board) are like deja vu all over again...or GROUNDHOG DAY...Hmmm, let's see if this sounds familiar....
Stock gets pounded from an artificial high due to "outside forces" (typically anything from Alan Greenspan's thoughts on rates to the Leap Year effect on lunar tides during the Winter Soltice -- pick 'em).
Longs groan about market makers messing with the price, Wexler claims shorting prowess with suspiciously perfect market timing.
External forces mysteriously evaporate, Company announces "things are turning up roses", the longs come back out and claim they knew this all along, Linda goes back in her cave.
Stock moves Northward, home-office Homies appear on the Board and start talking about some "mega-deal" that is going to "Rock!"...an agonizingly long period follows wherin company finally announces some supposedly "wiz bang" deal which promptly draws a collective yawn from the market. Institutions provide coverage because of the blizzard of press releases and move it a little more Northward, Neuberger goes on CNBC, hypes the stock as a "bet the farm -- sure thing" and then proceeds to unleash its MM's to sell like hell into the hype -- you nailed this one KEM/Gary (hello, SEC staff?). The stock gets rocked due to razor float, the MM's start having their fun, the real buyers never materialize and management does nothing, releases puff pieces, or goes and acquires a completely different business that *arguably* could be the cure to the insurance distribution cancer/aids/ebola that is strangling our otherwise fabulous country.
The Q comes out (damn, facts again), only a few policies were sold, big AOL payments stick out like a sore thumb, the real investors begin to wonder when this Internet sale of insurance thing is going to happen and proceed to sell and sell and sell and sell and sell...
Stock goes South fast with seemingly no bottom until the next external force is "neutralized" or an Insider runs out of shares to sell (whichever comes first - more likely the latter). Price stays low until the next investor conference or until Neuberger performs some favors to get back on The CNBC Hype Box (again, usually the latter). Stock recovers for s short period of time only to drag investors back through the rinse cycle a few months later.
Shampoo, Rinse, Repeat....Who wants the next haircut? Hop into the big comfy chair... hey! look up there on the TV on CNBC...isn't that the same guy quoting Gary Kraft (or Garywisdom) and setting a $200.00 price target for this stock? Yeah, I think it is! Hell, I gotta get me some of that...calls his broker (most likely Raymond James who ends up buying the shares at $36 from NUEB.....he never even had a chance)
Anyone know a good "hedge" fund?
Anyone else here get the feeling that this company is owned and operated by Messrs. Barnum and Bailey?