DrHarveyMD Jul 4 1998 1:28PM EDT
The technical picture on this stock, (as I read it), indicates a possible collapse in price. The selloff continues in spite of oversold conditions, and as soon as those over sold conditions are relieved somewhat, the selling persists.
Now that we know it is Sullivan and his buddies that are doing this to their shareholders, in the name of pursuing accretive acquisitions, (what a farce), we can expect that they will dilute this one down to penny status, at which time no one will care, and Sullivan, Great Bay, and the rest of their families will be laughing all over Palm beach, about how much money they made in the stock market.
Their new friends at the country club will all think they made it honestly, when in fact there will be a great many of us who know differently.
Kinda makes you wonder why they moved their location to florida from Missouri where they still hang horse theives.
How do you spell scam? A-C-T-C |