Well James I don't think I would listen to my opinion with SPCO. But I'll let you know it anyway.
First of all, I sold a major position is SPCO earlier in the year, to get the loss, and bought it back. I did buy it back to high of course, so my loses have been even pushed to greater limits.
I think the signs for SPCO still look good. We have product recognition. Big investor money getting thrown into the kitty. And big companies buying their software to integate into other products. Sales have been fairly strong. Growth is there. And management, ANMI mangement that is, has been successful before.
My greatest fear at this point is the dreaded reverse split. That will kill us! For one, to get back our original money would need a substantial price gain from here. On top of that, if they reverse split, let's say to get the price back over 5, that would mean approx 1:5. When the split would happen we would get killed. But in the long run, it might make the big boys jump back in, getting it onto their screens.
I would say selling it, get the loss, and buying it back might not be a bad idea, especially after a reverse split. But this is just very hypothetical. i have no idea what will happen. And I have never been right with SPCO ever before. So why should now be any different.
Just remember, a month is all you need to sell, realize the loss, and then you could buy it back again. That's what I did, except I bought back at too high a price. That's my opinion for all its worth.
Good luck .... Steve |
