SPSC, funny you should mention this one, I almost posted my thoughts on this one earlier when it was trading @ $1, now $.85. As you recall, I alerted the thread to sell after I read the SEC filings, however; only to reverse my opinion after talking to management. I then re-bought in the 2's & sold near $4, very fortunate, I was heavily overweighted. One can never, ever be 100% sure of anything. Also, one should always be skeptical, even after talking to management. Other than BLLD & SNVBF holdings, from now on, I'll gladly take my chances with a company like Lucent, which is still a world class company with a world class lab. Glad you didn't get hurt, very glad.
As far as the company goes, who knows now, the CEO was a complete idiot for coming out & stating he didn't know why the stock was so high, it's been sliding ever since except for the one DCB. Or maybe he was covering his as# because of what he really knows. That big contract has not yet been awarded. My feeling is if it is not renewed, they will be in big trouble. Could be one to trade soon, but it will be pure <A TITLE="Click for more information about gambling" STYLE="text-decoration: none; border-bottom: medium solid green;" HREF="http://search.targetwords.com/u.search?x=5977|1||||gambling|AA1VDw">gambling</A> from here. Not saying I won't try it, but use money you can afford to lose & I mean all of it.
Best regards to you,
Chris |
