ROLLING STOCKS Message Board

STOCKTALK

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.

Microcap & Penny Stocks : ROLLING STOCKS

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Steve Dunlap who wrote (179)	2/16/1997 10:18:00 PM
From: Salim Ilmudeen	of 233

Steve: Nice to hear from you. No, I'm not playing NSCP now. The market seems to have turned negative on NSCP as several analysts had mentioned that NSCP had to "borrow" from the current quarter to meet the past quarter's earnings estimate. Also, NSCP is very close to the support level at ~35. No body knows what will happen, if this support is broken on the downside. As you may aware, I never try to pick the bottom or top because it is a dangerous game. Presently, I'm staying in the side lines. But, will jump in if it bounce off the ~35 support level on a very positive note. CMOS had a lower than expected earning announcement on 2/13/97 (before market open). The stock went to close to 15 1/2 and came back to 19 1/4 to close in the same day. It gapped open at 20 on 2/14. It seems that the brokerages are pretty convinced with CMOS's story why they had a bad quarter. Coming weeks may tell us whether this is still a rolling stock. For the record, I have some shares of CMOS bought at ~ 19. So, I may be little bit biased. I'll check your picks and let you know if I find any thing interesting. Good luck in your investments, SMI

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next