Friday, April 15, 2005

The advantages of isolation

So the market's getting killed again today, and yet there's REFR just puttering along, not going anywhere, actually up a few pennies.

Time was when the promoters would try to make a big deal of that. By now, however, even they have abandoned that tack, as it is simply too easy to point out that REFR's non-decline is simply a result of its from the greater market.

Institutions want to sell five million shares of IBM, and they want to do it yesterday. Same with Apple a day earlier, and they actually had good earnings.

No one's selling REFR, because no one owns REFR. The only people in it, as I've stated before, are the ignorant, the naive, and the indoctrinated. And those four anonymous hedge funds, all of whom have a vested interest in not crashing the price.

So REFR goes nowhere, and will continue to go nowhere until the hedge funds finally give up, or somehow manage to dispose of their holdings, or a year passes and a new set of funds get cut a deal on the next million shares that screws over the original four.

Still, on days like this, that almost sounds good.

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