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Microcap & Penny Stocks : Synergy Brands-SYBR (was KRAN)

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To: IN_GOD_I_TRUST who wrote (523)10/24/1997 6:46:00 PM
From: buzzcut  Read Replies (1) of 1026
 
Call Faibish and ask him what's up.
I think plain and simple the company was way undervalued and got hammered irrationally by the reverse.
One could play the cycles if they were savvy enough. Up to 3 1/8 early on. Sell. buy back on the subsequent intraday drop. Seems to be the pattern every day.
Watch out though. you got to have a margin account and/or lots of money. I got a call from my broker today. They said I violated exchange rules by buying and selling without comming up with the cash for the subsequent buys. Apparently you gotta wait a day before you can use the procedes from a sale. Can't use the money the same day. They put me on 90 day restriction. which means I can't even use the three day rule. Must have the money in the account which didn't come from current day sales. Period!! Jeeez, what next?
What do day traders do? Even Margin might not be enough. I guess they have lots of dough in their accounts.

Charles
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