SIIS (Struthers Industries) Message Board

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Microcap & Penny Stocks : SIIS (Struthers Industries)

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To: AngelM who wrote (377)	5/28/1997 8:12:00 AM
From: Larry Schnitt	of 709

All the lessons that I have supposedly learned over the years in investing have made averaging down a non-option for me.....except in this case. Don't get me wrong - this is an out and out gamble! I have averaged lower against everything I have learned in the past because in this case I have been following this stock for almost three years and if the premise that I bought it for then is still correct then the stock price has nothing to do with the future value of the tecnology. That is if they get the IVDS Licences going. I figured if I had already made X investment and held on to it for so long, and then saw the stock drop drastically for no apparent reason after the reverse split, then it had nothing to do with the technology. Bad logic - maybe, but that is where I am now and now I own a substantial amount of the stock in the 50 cent range rather than the $7.00 + range post reverse split. The company is certainly not being responsive - even on the 800 number Dan Lawrence doesn't get or give much news, but maybe they really are constrained by the SEC in what news they can put out before the actual filing. I just hope that this whole thing hasn't been one big scam! Time will tell! I wish us all GOOD LUCK!

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