SME(svcdq) has it bottomed out yet? Or will it hit bottom? Message Board

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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 (292)	10/10/2000 7:42:16 AM
From: Arthur Tang	Read Replies (1) of 305

Yesterday, volume dropped down to 94,100 shares. Closed with a 3000 share buy at $0.105/share. The trades are drying up, but market makers still have plenty of inventory, both bid and ask sizes are 50 lots(5000 shares). So what is the projection of market makers' offers? Since it(stock price) is above the all time low. And market makers own inventory; and company has April of next year to present a reorganization plan. And the company traditionally does half of their business in X'mas time. And the company is still evolving to operate into profitability by remodeling their stores. And cash position is adequate to last them until April, 2001 at least. And the last test of investors' interest in this stock is positive. I am predicting that we will see at least a blowoff; but more likely a gradual build up of interest in steady strong hands for the final blowoff. If at any time the management and the bank should decide to leave some thing for the stockholders; this is the time to gamble some small money and take a position. But you have to be nimble in and out to avoid getting caught in a sad turn out.

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