Silicon Investor (SI) -- The First Internet Community

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 : Socket Communications (SCKT) -- Ignore unavailable to you. Want to Upgrade?

To: KLN who wrote (658)	1/3/2000 3:03:00 AM
From: Mahatmabenfoo	Read Replies (1) \| Respond to of 932

guesses? fantasies? heck, I can provide that... My guess is two contrary forces -- anticipated national market NASDAQ listing has kept prices up, but profit taking on a stock that had a meteoric rise (0.50 to $10! within a few weeks) pushed 'em down. "End of year" is used to explain everything, here to explain the profit taking. Now in the new year things should stabilize, and go up -- at least if the stock does go national market before the end of February (as it hopes to do), and if earnings (I think also due in February) push the company into profit for the first time, or at least rise significantly. The listing itself should give the stock price a nice kick. Maybe because so many people are expecting that, many will bail immediately after, having made a short term profit. - Charles