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Microcap & Penny Stocks : SCAN OPTICS (NASDAQ:SOCR)

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To: ben who wrote (548)4/10/1998 8:59:00 PM
From: Jim Daly  Read Replies (1) of 576
 
Excuse me? I wouldn't get too comfortable yet. Give it a little more time to build a base and cross it's 50 day moving average. I don't consider it a major trend until it crosses the 200 day moving average along with a flurry of activity.

I would like to think that it has hit a support level around $6.00 but I got burned on that idea at $8.50 and $7.50. This stock is so volitile that it can turn on a dime and give you five cents change. Scan Optics will perform (and possibly outperform)but they need to shake out the sellers and get a few more decent earnings reports under their belts.

I'm looking for a better than average report on or around May 8th.

Holding

Jim
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