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Microcap & Penny Stocks : Scientific Measurement Systems (SCMS)
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To: George C. Grasser who wrote (5136)1/1/2000 11:42:00 PM
From: Dave Barrett  Read Replies (1) of 5557
 
I don't think SCMS can go much lower than this, since anyone looking to sell did it by the end of '99. But, of course, come Monday someone will prove me wrong. I cannot see anyone selling this stock over the next month or so unless we get a run of some sort. I really don't think true penny speculators have entered the game--the kind of people who buy 100,0000 shares in hope of a .01 move to sell for a $1,000 profit. So, at this point I truly believe there is good hope something will come to fruition. I personally think SCMS execs have waited until after the new year to make a major announcement about a sale or something or other. This is PURE speculation on my part alone. However, everyone knew the tax loss selling would drive the price fairly low this year--people cannot wait forever--and allow for true believers (or lemmings) to scoop up shares. However, what could really help SCMS is if Burris or some other company exec would step up and announce they are buying shares--I know the company cannot buyback due to financial constraints. Hope this makes us some money in 2000. By the time I finally get paid for holding my shares, my hourly wage for watching and investing in SCMS will be around a nickel. Good Luck All.
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