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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 (295)11/11/2000 7:25:16 AM
From: Arthur Tang  Read Replies (1) of 305
 
On RagingBull, my friend JD Evens is hoping that the tax loss selling will push SVCDQ to 3 cents a share. Interpretating his writing(using the science of interpretation), the culture and psychology turned against the management. However, the market makers do not go with the board because the board is in the past mostly of the irated employees of SVCDQ.

What is serious is the lack of understanding of the present management of our economy and the super buying power of our citizens. Cusano who came from straight discount background never knew what hit him. Super buying power speaks of good wages and people already owned everything stores offer. So, some stores are going upscale for a reason. And some store go to superstore concept. Everything you ever want to buy is under one roof.

It does not mean you can not have a successful kiosk store; but it means you have to add merchandise that you don't have to stock, constantly. You have to own your suppliers' warehouse and do drop shipments from there.

Stock which does not go below 6 cent is still a going concern, but considered dorment. 3 cents/share is for a hopeless stock.

Good luck on your investment here, we need a rabbit foot or a friendly management who will protect the stockholders. Wall street has changed in the last decade of the 90s when merger and acquisitions save the bank stockholders, and most of the large firms, by exchanging stocks. Some day those stock will be worth a lot more after the merge and acquisition had the advantage of scale of economy. American capital was saved and built that way, lately.
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