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Old 11-12-2008, 09:19 AM
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STEM value?

STEM took a big hit early today with their announcement of share dilution at $1.45 per share, considering the current price is $1.24 per share dont it seem logical that this should rise to around the dilution price? I picked up a bunch at 1.24 we will see, i know its a modest gain if it goes but it seems fairly safe with lots of resistance at 1.20.
Any feedback appreciated---- i do have a tight stop on it if it totally tanks!
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Old 11-12-2008, 10:26 AM
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no pop --no chance

this market is incredibly ugly-- STEM stopped out on me at 1.15 , i still may revisit if it goes below $1.00 , its really no secret that companies need to raise capital currently so their choice to raise 20mil is no shock, also this sector should do well under an Obama administration. I'll tell you guys tho i am so sick of getting spanked i may just sit out a while!!!
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Old 11-12-2008, 01:06 PM
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Market hates dilution. Top that with annother ugly day a stock like STEM that's had a couple of fat pops will be hammered as profit takers want to keep the gains.
The company itself should do just fine long term under the new prez. But gotta be patient and ride it out.

Look at CYCL, which I took @ 7.90, after AT&T agreed to buy em @ 8.50. Even that's down today, which make zero sense. Apparently the deal doesn't go through until early next year which is keeping the price under 8. But unless the deal falls through it's a lock.
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