SCM MIcrosystems Message Board

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Technology Stocks : SCM MIcrosystems

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To: almaxel who wrote (12)	3/11/1998 9:55:00 AM
From: JR	of 45

Info on SCM stock manipulation. The stock trading and run up has been in Germany. Until recently very small volume and 20% price increases. No large trading blocks. The large German investors have been trading amongst themselves in order to run up the price. With the lockout about over and insiders able to trade their stock, why did the company resort to a secondary IPO allowing insiders to sell 2.0 million shares? Answer: Because no one is buying blocks of the stock. The only market is amongst themselves and a few individuals caught up in the hype. This stock reminds me of Centenial Corp. Their stock was manipulated, the price was run up by insiders. That balloon eventually burst as will this one. The only reason the shorts have not worked is the Germans have had greater resources to buy the stock. But as the Hunt Bros. learned the hard way, the market eventually prevails. Worldwide patents/monopoly - GET REAL. The only good technology the company has is that which they stole from Gemplus and then paid them off with stock prior to the original IPO. My advice to you is lock in your gains while you can. You have nothing to gain by hanging on but a lot to lose.

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