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Microcap & Penny Stocks : SVCDQ, temporary board? -- Ignore unavailable to you. Want to Upgrade?

To: Arthur Tang who wrote (47)	6/20/2000 7:40:00 AM
From: Arthur Tang	Read Replies (1) \| Respond to of 66

Technical analysis was basically correct. Yesterday opened with gap up to 8 cents. Then the buyers came in and moved up to 11.5 cents. It was active until 1pm in the afternoon, when the market makers pulled back to 9 cents ask and 7 cents bid. This indicates that the oversold condition maybe over, unless buyers come back today. Any market maker would prefer to sell shorts at higher prices, because of the impossibility of SVCDQ financial conditions. Until the fundamentals change or more discouraged investors sold, the stock is expected to just drift along. Any pull back below 5 cents will be an indication that this stock is not worth speculating any more; unless you can make big money trading between 2-5 cents. But before that the stock may have some more dead cat bounces. The fundamentals however, is not dead yet. Actually, if properly managed, SVCDQ can have a good X'mas and come back quite strong. The trick is to minimize losses in the summer months, if luck would have it, a strong cash flow in the summer. That seems possible with some door busters and banners now, in view of traffic rebuilding lately. These customers will keep on coming back looking for different bargains.