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Microcap & Penny Stocks : Seahawk Deep Ocean Technologies (SDOT)
SDOT 6.095-3.1%Oct 31 3:59 PM EST

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To: Michael Kimzey who wrote (61)7/23/1997 6:56:00 AM
From: Eric Wood   of 82
 
I think it might be fun to check out what the chart of the stock price looks like after they made their last "find." The last time they made a discovery was several years ago (I think back in the late 80's if I remember correctly). At that time, from what the company told me awhile ago, the stock price increased by a factor of 25. Went from $1 to $25 or something along those lines. Then what happened, was that the "gold" that they discovered turned out to be a bunch of artifacts, and the stock just as quickly came back down. So maybe if they find real gold, the stock will stay at wherever it runs to that day, but if that day ever comes around... I'll be watching it on a second by second basis, and selling at market at the first downturn. I did this on comparator, and was very lucky. I sold all of mine in two lots as it was falling, and profited nicely. The key is to not get greedy when it happens. Eric
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