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Technology Stocks : SFLK

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To: Bill Turk who wrote (129)1/23/1999 1:30:00 PM
From: ed doell  Read Replies (2) of 1591
 
>>As I recall my conversation last week with PR person, PR person indicated that there was a lot of congestion at $3.00. If SFLK can push through, to $3.50 or so, it could zoom. As you have mentioned, I was told that for some reason the shorts keep shorting at $3.00. Perhaps there is more to this story. We still don't know for sure how many shares are outstanding and how many are closely held. I have heard about 3 or 4 different numbers. <<

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Hi Bill,

IMHO a good post. The main reason IMO that the stock is under $3 is uncertainty regarding a number of significant variables. Having said that, this stock is remarkably resilient and has excellent support in the low $2 range.

Personally, for many reasons I hope the MO-MO PnD types stay away from this stock. Technical damage to this stock could mire its potential for solid performance.

Ed

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