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Microcap & Penny Stocks : Spatialight (HDTV)

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To: RockyBalboa who wrote (375)10/29/2000 3:45:12 PM
From: Mad2  Read Replies (1) of 385
 
C, Re: HDTV here's what I think
1) On valuation basis still way too high, i.e. could contine to fall, no floor of support yet
2) CEO quite....not a good sign, particularly if your planning to go for the home run by buying this one.
3) Shares mostly in hands of public, so tax loss selling will continue into Dec.
4) While micro-displays should have great promise there are no signs that this company will be sucessful.

All in all I think its a dog.

Better off in sitting on the sidelines and waiting for a positive sign (volume or trending price) before committing.

As far as buying for the bounce I'd pick one like PCLN that at least has liquidity.

Check with burrito breath and see what he's got to say about it.
Good Luck
M2
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