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Microcap & Penny Stocks : Syncronys Softcorp (SYCR) -- Ignore unavailable to you. Want to Upgrade?


To: Marshall who wrote (26576)2/17/1998 5:20:00 AM
From: Bill Evans  Read Replies (2) | Respond to of 30240
 
Selling at market at the opening is generally the worst advice anyone can be given. Only Rod would come up with that.

I was caught in a stock a short time ago that had terrible news published about it in Barrons. The stock opened that Monday at half the closing price of the previous Friday and steadily moved back up. It finished the day down but it was still $1 up from the open. This stock within the next few days rallied to come close to the Friday's close (before the fall). You are at the mercy of the MM if you sell at market into a bad news panic. Few things in the market turn out to be as bad as they originally seem to be given time and patience.

Will this stock recover and be a winner? Who knows, but at these levels it is a big gamble anyway.