ratan - Appreciate your condolences, although it represents paper loss so far.
In the y2k sector, the body shops (CBSL, IMRS, MAST, KEA, SYNT) are first to recover. Most of them are back to old levels expecting good earnings. All of them have been highly profitable (300% or so in a year) to us. We do not complain. These stocks were beaten down once. SYNT was 9 after the IPO, like SEEC is now.
Although SEEC and SPNSF have frustrated shareholders, when the market returns to these stocks, they will climb up very fast. After all, SEEC has only 6.1 Million shares, with 40% or so held by insider or institutions. In the case of SPNSF, although it was beaten down due to a law suit settlement, the company is doing great. Their employees have too much work and more work is on the way. Short term paper losses are just that. Ram |
