Posted by Alex on April 29, 2000 at 21:49:30:
In Reply to: Re:Pen Wise, Pounded foolish posted by steve on April 29, 2000 at 17:48:06:
: I agree that this is a buying opportunity. I tried buying Friday at 1/4, but couldn't get a buyer. You have to have an iron stomach for this stock. I'm expecting the company to get in the black within a year, with every reason to expect increasing revenues year on year. Leave Yehoram alone now--PR-mongers have made their point. He's got a guy handling PR--if you don't like what he's doing, sell. But let Yehoram focus on increasing revenues, and profits (and share value) will take care of themselves.
: : I'm guessing that the selling is from Canadian investors who like to deal on that exchange. Would expect the price to return to the $5/8 - 3/4 range. SGT could be a real winner, but it's no sure thing. That balance sheet is a tattered dress if there ever was one.
I can't understand why there is such a high spread between the buys and the sells, this is not Soligens fault but the market makers. I do expect the market maker to make a profit but to loose 50% right out the gate does seem high.