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Microcap & Penny Stocks : CYCOMM (CYII)-on aquisition trail -- Ignore unavailable to you. Want to Upgrade?


To: Matthew Leo who wrote (1181)4/1/1998 12:06:00 AM
From: Brian Gross  Read Replies (1) | Respond to of 1800
 
Can you list support areas for me? I am not very good at reading charts, so knowing what levels are significant would really help. A great company I have been following for about 3 years is Schlotzky's Deli. They came public at around $12 a share. For two and a half years I sat there and watched this stock trade around 8,000 shares a day without ever any movement. They have beaten analysts estimates almost every quarter since coming public. I must have owned that stock at least 10 times in the last 3 years and never made a dime on it. In the last 8 months it finally has started to move and was sitting around $18 when three weeks ago they came out with earnings that beat estimates again. The stock did nothing as usual. now close to 3 weeks later the stock is mysteriously moving up on no news. I bought in this morning at 23 and plan on staying with this one for awhile. I wrote all this because it reminds me so much of CYI. Not a big mover, but it will eventually pay off due to it's fundamentals. Good luck and be patient all!
Brian