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Non-Tech : SME(svcdq) has it bottomed out yet? Or will it hit bottom?

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To: Arthur Tang who wrote (279)3/25/2000 6:53:00 AM
From: Arthur Tang  Read Replies (1) of 305
 
Recent wild Level2 quotes coincided with large block sale is interesting development on Ragingbull board.

The facts are that Nashville store (up to 75% clearance as reported earlier) is busy as reported by Robert Prevost yesterday. Some irated stockholders are now buying more stock, based on the assumption that some phantom institutional investors are arbitraging before a buyout which was rumored some time ago. The guess was Gap.

Based on the number of stocks that irated stockholders each held, none can afford the near million shares traded in one trade?

Stockholders may win an appointed stockholders' committee in bankruptcy court, April 4th, 2000. Stockholders may present an alternative business plan, by winning the management (change of heart) decision for a conservative plan? Worse, the stockholders may get a trustee to run SVCDQ with the alternative plan.

The saga of SVCDQ is just getting interesting. Stay tuned?
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