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Technology Stocks : Superconductor Technologies : SCON
SCON 2.500+10.1%Sep 7 5:00 PM EST

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To: Pluvia who wrote (337)2/22/2000 3:49:00 PM
From: Tomcat  Read Replies (1) of 903
 
At $3-8 bucks I sometimes buy story stocks for a pop. But not at $30-40...
I do. In today's market, that $30 - $40 stock could easily go to $300 - $400 now that the story is out. Even with "10ish million float".

SCON had 8.8ish million shares added to their 10ish million float just a few short days ago on Feb 11... Personally I don't buy $30-40 "story" stocks that just expanded their float from 1ish million shares to 10ish million shares... Did they have 10ish million float or 1ish million float? I think that it is riskier to go against the hype. You shorts have to hype even harder. I am all for what you do when the Company is pumping and dumping. I see no evidence of that here. I believe SCON is just as surprised as anybody that their shares have taken off so soon. Too bad they could not have held off their most recent offering, they would have gotten much more. The next round of funding should be easier.
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