SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Biotech / Medical : SANGUINE CORP. (SGNC)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: R>G> who wrote (3946)9/10/1998 7:17:00 PM
From: dwlima  Read Replies (1) of 5402
 
what happened is obvious. a PR guy leaks private info. about upcoming Batelle news. We get excited and buy like crazy- driving the stock to all time highs. with no institutional buying to support it, the penny players begin to make exits and chase other wonder companies.....as the price falls, we see the reverse happen and the stock drifts back down to its original state....in this case, overshooting its all-time low as people get scared as the price falls.

now, we have an abundance of shares from planned sales and the PR person that dumped a boat-load of stock at $1. the excess shares also act as a drag on our share price and we see a bid of 15-cents now.

so, what does this mean? the share price is probably less linked to value than is to emotion and unethical/illegal issues. as for value, the outcome of the investment meeting held a couple of months ago is a bad sign. it does not mean that these people are right- but there decision to wait to buy or not to buy is a bad sign and we should realize that.

to be honest, i am down so much that i will keep my money here until we see some results from the testing. i would buy some if i had not been in (only because it is cheap and could be a big winner in the months to come) and i definitely will not sell until:

1) i see bad news or delays about results
2) i need a big fat tax write-off

so, that being said, i think with good results we could see $1 again...it make a few months or a year....but at 15-cents, that is a 700% return and better than i can do anywhere else right now.

it is a shame what happened though.....this will be my first penny stock that i lose on if it does not recover....i guess i am lucky from what i hear.

dwlima
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News