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Microcap & Penny Stocks : Syncronys Softcorp (SYCR)
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To: LaShark who wrote (26321)2/15/1998 5:08:00 PM
From: Kashish King  Read Replies (2) of 30240
 
The question is, can this stock be traded for a profit at a reasonable risk. Let's be honest, that's what those who got out are thinking about. My guess, and it's only a guess, is that there will be a race to get out of the stock early Tuesday and those who wait will be the hardest hit. Now, at some point it will bottom but that could be as low as a dime or less. There will be a bounce when the stock appears to have hit bottom, and if you guess the bottom right you might have something worth flipping at the end of the day. Having said that, the stock may go up on Tuesday (doubtful) and it may bottom without a bounce.

Best strategy (read: wild guess): get out fast, buy low and sell on the first bounce.

Could the stock actually go up on Tuesday? Of course it could, anything could happen. I just think the stock is going to behave more traditionally by tanking and them rebounding somewhat. It may also tank and stay tanked. Very risky play for those daring enough to try it.
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