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Microcap & Penny Stocks : Southland Communications (SINC)
SINC 6.000+9.1%Jan 9 9:30 AM EST

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To: IRVINESULLY who wrote (36)3/30/1999 11:04:00 PM
From: jackil_54  Read Replies (1) of 264
 
After what happened today, I guess I learned the importance of not touting a stock too much even if I think it's an excellent value. I imagine a lot of very large paper profits were unfortunately erased today. I was on the phone for a great part of the day and for what it's worth there doesn't seem to be any reason to worry; the financing should come in the near future and today's action is probably due to weak hands who got either very scared or very impatient and if the market makers were short then.... anything is possible.

That being said I was shocked when I saw SINC at 1.75$, I was sure a base would be formed over 5 dollars. At this point, I look like a real idiot for saying why take a chance and sell SINC for a chance to get in at lower prices on Friday. For the record, I'm still very excited about the potential of this company and I'm hoping for a rebound tomorrow. If SINC starts climbing again and reaches 5$ by the end of the week then I'm pretty sure we saw someone play some sort of game and clear out all the stop losses.
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