Wednesday, February 02, 2005

Empire Interactive Stock Falls

Major shareholder of Empire Interactive sold its stake in the company, crashing the stock price. Company moved on to calm people that there is nothing to worry about, everything is just fine.

It is common sense that if any major owner sells shares before announcing financial results, the odds are that those results are not going to be especially great. Now we wait for those results and hope for the best.

For an investor that can stand the heat, now it is good time to buy. Otherwise another old truth is worth considering, bad results signal for sorry state of business and troubles are not gone overnight, if it is going down - it will continue to do so.

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