Cash may be supplied, but the worse of a position that SKYC is in, the worse the terms will be. There may be some one who steps up and gets them through the rough spots, but that will not necessarily help the short term value of this company. There are so many regulatory items that need to be resolved, by FCC rulings that SKYC is still a highly speculative stock, with a lot of risk at these price levels. I would definitely set a stop of 12, and keep it about a point behind the Ask
We know that a trader like spec, won't be around for long, so to hear him pump it on a long term basis is pretty funny!<GG>
I also think that there are a lot of traders loading up for a move similar to the move to 16 a little while back. As soon as the numbers were hit, it took a hard dive, back under 10. This time it may not climb as high, but could certainly fall back under 9, if it rolls over the top. The shorts and traders are the only folks making good money here, the long termers are working on their next ulcer!<GGGGG> |
