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Microcap & Penny Stocks : Scientific Measurement Systems (SCMS)

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To: Byron Angel who wrote (4946)6/18/1999 8:33:00 PM
From: Eric Fader  Read Replies (1) of 5557
 
I don't know anyone who bought today, but I do know a couple of people who tried to jump in and just weren't quick or aggressive enough. There are still many people watching SCMS daily "just in case," and I'm sure some of them would pay up to .20 or so the second anything positive were released. I still maintain that the stock will see at least .30 on good news, and from there... who knows what could happen?

BTW Gary's comment regarding "everyone spending a few hundred bucks" echoes something I posted the first time it dropped to .06 some months ago. No one else bit, but I drove the price back up to .12 temporarily pretty much by myself, just by bidding successively higher and with minimal actual buys. It doesn't really matter whether it's .08 or .11, though - my point was, and is, that the stock price bears little or no relation to the current state of the company's business or prospects. -Eric
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