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Microcap & Penny Stocks : SGII -- Ignore unavailable to you. Want to Upgrade?

To: J. Nelson who wrote (872)	6/16/1999 12:46:00 AM
From: Lawrence Burg	Read Replies (1) \| Respond to of 1051

Go for it. Technically, the charts are pretty unexciting. I may try to tackle this from the fundamental side for a while. Contact the CFO, transfer agent, etc., to get a bead on how many convertibles may still be floating, what incentive there is to sell at this point, etc. What it looks like to me is a supply heavy situation. Even the 6M & 2M share days didn't eat thru it enough. Of course I'm sure there was quite a bit of trading going on also. Regardless, there will come a time when the supply starts to get thin. I would imagine we'll see action more like the last week of April, at that point. News would be cool, eat thru more of the overhead, and stimulate additional interest. Fresh hands would be welcome at this point, since they'd bring higher expectations w/'em. Good Luck. Sitting on my .2%...60K...;o)