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Microcap & Penny Stocks : SCTU - SC & T International Inc. -- Ignore unavailable to you. Want to Upgrade?


To: Mr. K who wrote (404)4/20/1998 5:58:00 AM
From: Mark Shantz  Read Replies (2) | Respond to of 741
 
Good Morning to All:

I have posted this both here and on Yahoo.

There seems to suddenly be a lot of negativity being spread both here and on Yahoo. I think we have to step back and give some thought to the trading action that we saw last week and where we stand as of Monday, April 20. I am going to list trading days from April 9 giving volume and general daily trend.

April 9 - 4.1 million - up
13 - 3.6 million - up Total 10.7 million up
14 - 3.0 million - up
15 - 2.0 million - down
16 - 2.0 million - down Total 4.6 million down
17 - 0.6 million - down

Now we had periods of time on all days when some were selling on general buying days and vice versa. But you can see that approximately 6 million shares were bought and not sold. If there are holes in my logic please feel free to point them out.

I think what we have here is a small company that is in the midst of a turnaround and this is not going to happen without some bumps. The only selling that will occur is from people who have been erroneously panicked by the negativity this weekend.

Good Luck to All