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Microcap & Penny Stocks : SEDONA Corporation (SDNA)
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To: The Gambler who wrote (547)12/30/1998 2:21:00 AM
From: Ted Zeilstra  Read Replies (1) of 731
 
The company has been unusually quiet lately. Looking back, the last time we were lower than $2 was on Oct. 30th. Nine days later we hit $3.50. But all that was due to the Oracle show. Since then, there hasn't hardly been a peep out of the company and I think people are losing faith. Poor timing in my opinion, but it's their money.

It would be tough to even guess where the price will go if there isn't anything from the company shortly. I'm certain that there has been quite a bit of tax loss selling. Some people seem to think it should be over by now, but I think the selling can continue right up to the 31st if people use the trade date as their basis. Maybe they'll get lucky and be able to buy back at a lower price after 30 days - then again, maybe not. No one seems to have a handle on what's going on, and the company isn't helping.

I still have to believe that there is quite a bit going on that we just don't know about. According to what I did hear of the interview, they had over 450 inquiries at the Oracle show alone. Haven't heard what happened at the Sun show. With that kind of interest, I can't believe they aren't making any sales. And I can't see how they can burn through 450 leads in less than 60 days.

All of this doesn't take into account the relationship with Acxiom either. Acxiom is a well established company that is combining SV with their own product and SCNG is now a reseller of Acxiom products.

My conclusion is that the sales are being made, we're just not hearing about them. I can think of several justified reasons for not publishing the numbers.
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