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Microcap & Penny Stocks : SEDONA Corporation (SDNA)

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To: Bill Farrer who wrote (70)3/7/1997 8:01:00 PM
From: Uncompaghre   of 731
 
I talked to the company about a month and a half ago and they said that they wanted to make absolutely sure that everything was right and proper so the earnings would be announced in the middle of March. I called again this past Monday and was told the announcement would be made in the middle of March.

I have two questions for all comers regarding this stock and market psychology: 1.] When the earnings come out as a loss, will this cause negative price action or will the holders of SCNG knowing better times are 6 months down the road accept it and continue buying on the dips? 2.] Does the recent action around the 3.47 support level confirm it or do we need more volume?

Any response would be appreciated.
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