DecisionLink formerly FOCS Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : DecisionLink formerly FOCS

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: rairden who wrote (29)	5/16/1997 12:09:00 PM
From: Daniel Schulman	of 300

I've been wondering the same thing myself. The lowering of the option prices to $.30 really hurt the price. Not because many options seemed to have been converted at this price, but because it signifies that the Company is still really cash strapped and future outlooks aren't too great. Last few days have seen many big blocks trade at a rate far below the $.30, so the company probably did not raise much cash but signaled to one or more major holders to reduce their position. For now I'm holding. My position is not worth much any more, and my basis is not too bad since I sold 1/3 of my shares at $1.50 last year. I do not think it is such a great idea to average down. As a general rule only average down if the fundamental story has not changed from your original purchase. Unfortunately, with cash-strapped companies the fundamental story changes every day to the worse that they do not improve their balance sheet. If the stock moves up for some fundamental reason, there will still likely be time to get more shares at a better price then the current holdings. It usually is much easier to get a very good price than the best price.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next