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Technology Stocks : Superconductor Technologies : SCON -- Ignore unavailable to you. Want to Upgrade?


To: Lionel Parker Perkins III who wrote (487)2/28/2000 11:52:00 PM
From: Tom Hua  Read Replies (5) | Respond to of 903
 
Lionel, trading in SCON has been 100% retail, no institutions. I doubt even a tiny fraction of the buyers are investors. You know as well as anyone what will happen when those momo retailers leave the stock. Some of them will turn around and ride it down too.

Regards,

Tom



To: Lionel Parker Perkins III who wrote (487)2/28/2000 11:57:00 PM
From: Street Hawk  Respond to of 903
 
PHCM and QCOM never went up 900% in 3 weeks.

That is the only difference one should be concerned about at this point.
Daytraders are the ones driving this higher, NOT mutual funds. SCON does not have significant growth and has no institutional support, unlike PHCM and QCOM.

This is a pump and dump that is being stretched out over 2-3 weeks, instead of the usual 2-3 days.

Right now, momentum is what matters. If this thing doesn't go up over 30% tommorrow, it is going to be fried for the next few days. This stock is a pig on andro, and if you stop feeding it, it's going to start melting BIGTIME.