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Microcap & Penny Stocks : SEXI: Mostly Fact, A Little Fiction, Not Vicious Attacks
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To: Skeeter Bug who wrote (5504)10/27/1996 4:54:00 PM
From: Dave Wax   of 13351
 
The SEXI saga continues. Could there be another 5 days of no news whatsoever from SEC and Company? Without any news, I see trading continuing about the same as the price slowly drifts lower as more and more people throw in the towel. Personally I don't think Huttoe (and sidekick Maria) were the only bad guys in this scam. I don't think they were smart enough to pull it off. I'm sure Walther new about the 66 Millions Shares outstanding along with other slimeballs as well. When the new financials do finally come out, does anybody seriously think they are going to be better, or about the same as the previous audit. I think thats about the same chance as having a Sprint/SEXI contract announcement tomorrow. When the financials tell us more lies about the company, I see SEXI trading back down to 25 cents in a real hurry. Owning this stock is like trying to swim up Niagra Falls.....It ain't going to happen. I bought Videoserver Inc. VSVR as it broke out above 40 the other day. I probably will be adding to my position over the next few weeks and guess where the money (or whats left of it) will be coming from. I believe in this industry but unfortunately I think SEXI has had its day in the sun. Systems may eventually turn things around, but I see it taking many months before that occurs. I think VSVR is much more likely to triple in price sooner than SEXI. I'll let you know in about 8 months.....
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