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Microcap & Penny Stocks : SCTU - SC & T International Inc.

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To: Batgirl who wrote (492)6/30/1998 6:06:00 PM
From: Electric  Read Replies (1) of 741
 
I own a piece of SCTI and watch it everyday..

What happened today was an actual drop in the price. Previous 3 days or so of trading, the stock floated between bid and ask alone. The bid being 15.5 and the ask being 17-17.5.
Today the bid dropped, the ask dropped, but yesterday the stock ended on the bid tick, or 15.5 (likely a sell was the last tick). Then today the stock ended on the ask tick (or a buy), or 16, so it looked like the stock rose. When in actuality the bid dropped, the ask dropped and the stock overall dropped.

It concerns me that the volume isnt there and with the limited volume the stock is dropping, no momentum buyers here at all. Not the best of signs, looks like I will keep lowering my nut as the action continues.
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