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Microcap & Penny Stocks : SVCDQ, temporary board?

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To: Topannuity who wrote (15)2/7/2000 8:00:00 AM
From: Arthur Tang  Read Replies (1) of 66
 
I did wet my toes, testing water; when they were delisted by NYSE.

In many cases, investors have been averaging down. The immediate danger has reduced. We are waiting for management to spruce up their store displays. They also have to use more help to ticket up and down to keep customers to come back and price the products each week.

In the stores, they are running lean and mean. At the headquarters, maybe they are not as efficient yet. They are very aggressive to pursue the jewelry business by saturation TV advertizing. It may make or break them, this quarter.

Stock won't move until the company publishes some good news in terms of business growth or earnings growth or spin off of servicemerchandise.com. Delays in financial news releases indicates their accounting weakness. But at $0.25/share; a few hundred dollars of investment; you can throw caution in the wind. Target, if management cooporates, is $24-36/share depending on how many stores they end up with. Dotcom is still small comparatively in sales volume.
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