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Strategies & Market Trends : Under $10 and Popular

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To: stockid who started this subject4/3/2003 5:19:01 PM
From: Dan Duchardt  Read Replies (2) of 1903
 
SCON Way under $10 and just might fly:

I missed the initial move on this, but I've been interested in this company for a long time. Today they announced they won a patent dispute and the stock shot up from $1.00 to $1.60. I expect it still has a long way to go.

They make high temperature superconducting filters that improve the signal, and hence the range for cellular telephone towers, reducing the number of towers needed for area coverage. Back in the bubble this stock ran from a few dollars to over $100 in a couple of weeks, probably way overpriced, but it's probably worth a lot more now than it was before the launch. I can see it rising steadily to over $10 from here based on expectations of growth now that the patent issue is settled.

Naturally, do your own DD. I'm not long yet because I didn't see the news until this evening. I'll be looking for an entry tomorrow.
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