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Microcap & Penny Stocks : SIIS (Struthers Industries)

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To: gpphantom who wrote (339)4/24/1997 5:54:00 PM
From: Gator   of 709
 
For those of you who missed buying the stock last week at $0.50-0.60, here comes another opportunity. The stock came down again today, but flattened out toward the end of the day and finished on the ask. As Dan mentioned, some short-term traders who bought low may have cashed in and made 50-200% return on investment already based on where they bought and sold. The 10K is imminent (if not tomorrow then surely next week I would think). There's a lot of interest in this stock based on recent volume. Everyone that I've talked to at Wincom is upbeat (even the secretaries). When this thing breaks, it is going to break big. How I plan on trading this: Watch tomorrow's open. If it starts down, hold on until it flattens and then average down (maybe with only a third or half of what you have available to invest -- then you can add more if it goes down more, or buy quick if it starts going up). If it starts going up from the start, jump in quick.
Have a profitable Friday, Gator.
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