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Momentum21 (98.33)

SAY SAY SAY What You Want

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6

September 27, 2010 – Comments (5) | RELATED TICKERS: SAYCY.DL , RJET , ATPAQ

No, this is is not another spammer on autopilot...this is a "pitch" of sorts for a feeling I have about Satyam Computer Services. 

The Boston Globe referred to the McCartney/Jackson video as "horrifying and compelling" which could also be said for this ticker. It has been a roller coaster ride of late and investors seem to be fearing the worst disclosure in the coming days.

Of course getting delisted from the NYSE is no joke but I just went back in and doubled my position on this stock (at $4.43) and now hold it as a 3% or so position at 4.48 cost basis.  

There are probably many better high flying plays that I could put this money to work on but I am going with a feeling that many of the fears are out on the table. 

Call option heavy and short interest is growing...look out for the suicide squeeze from this potential game of Russian Roulette! 

5 Comments – Post Your Own

#1) On September 27, 2010 at 10:27 PM, jatt22 (40.45) wrote:

just a q , wuts gonna happen to them when they got delisted from market , wuts gonna happen to pplz who hold shares of this company . i owned some shares of this company an bought way back when it was a dollar . thanks in advance

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#2) On September 28, 2010 at 2:23 AM, Momentum21 (98.33) wrote:

 jatt22 (< 20) - the delisting is a foregone conclusion...the 25% haircut was a direct result of that...

In spite of this interview with Vineet I still remain bullish...

If you bought SAY at $1.00 you can afford to give it more time I think...where did you get that discount?? : )

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#3) On September 28, 2010 at 4:12 PM, Mathrawala (< 20) wrote:

I've got a big position in it at around $5 and I've got the same concern that Jatt does. Does delisting on NYSE and relisting on OTC mean that until my shares are coverted automatically to be on OTC, my entire position will be worthless ? When they do go on OTC how will they value the stock then ? Has there been a such a case in history and does history tell us if our position is going to be worth more when it's on OTC or less as compared to the listing on NYSE ?

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#4) On September 28, 2010 at 9:30 PM, jatt22 (40.45) wrote:

thanks for answer , an yeah dat discount thing , ahhahahha i m indian an last yr when say preety much go bankrupt my friend forced me to just throw some money on it so i say wut da heck i just bought 1g around 1.10 .

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#5) On October 01, 2010 at 2:49 PM, Momentum21 (98.33) wrote:

I just took that double off at 4.07...will step aside to see how the headlines of today play out. 

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