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Microcap & Penny Stocks : SCMI -- rockin and rollin, company has big expectations
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To: broke2 who wrote (527)3/24/1999 1:56:00 AM
From: PK  Read Replies (3) of 546
 
An interesting post from Ragingbull.com

By: jb144
Reply To: None Tuesday, 23 Mar 1999 at 11:39 AM EST
Post # of 1096


I posted this on SCMID:

By: jb144
Reply To #17 by WaliBudi
Tuesday, 23 Mar 1999 at 10:58 AM EST
Post # of 19

Go walibudi,
great insightfulness. Couldn't agree more. One interesting note however. I don't think that the
$5.00/share sell off will come. Why? Because I am hearing some very major brokerage firms
are visting with the Hits management this week & next, and my hunch in that if the stock does
get to $5.00/share these guys come in a scoop them up. Remember everyone, $5.00/share
gives this stock Exemption from the pennystock rule. (for those of you who do not know what
this is, if a broker whated to recommend this stock right now to their clients he has to go
through a ton of paperwork for each client, and some firms won't allow their brokers to touch
"pennystocks") A $5.00 bid is one of the exemptions to allow the brokers to get their clients in.
So, should the stock get here, if any of the eligible shares start coming into the market for sale,
I think there will be more than enough interest to suck them up, and possibly take the stock
even higher. Good luck everyone & GOOOOOO HITSSSSS!!!

(Voluntary Disclosure: Position- long; ST Rating- strong buy; LT Rating- strong buy)


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