- MarissaBrand
- gordman
- mithunsarker
- Kim07
- Ralph Waldren
[US] SCO Update
Article from MIT's The Tech (English)
Article from Network World Fusion (English)
These articles really need no comment, they're just showing that more people are finally wising up to the SCO misstatements and FUD. Meanwhile, hackers cut off the SCO site; while investors are eagerly buying up the stock, which made a new 52 week high of USD 15.11 today. Insiders Hunsaker and Broughton each sold 5,000 more shares last week, and missed out on some USD 20,000 of gain from this last move. The general US market may be headed lower anyway; according to Thomson Financial, SCO is not alone. Last month US executives sold USD 32.00 worth of stock for every USD 1.00 they bought. This elevated ratio indicates a general lack of confidence and typically leads a selloff. As Bill Fleckenstein says, "Fantasy has always found fertile ground on Wall Street, where folks have a knack for modifying the facts."
When will the madness end? It's getting to be hard to believe that there's any more FUD left, but we'll keep watching for announcements.
Willy Smith, reporting from Costa Rica