Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : American Mobile Satellite (skyc) -- Ignore unavailable to you. Want to Upgrade?

To: 45bday who wrote (271)	5/21/1998 3:11:00 PM
From: elk	Read Replies (1) \| Respond to of 400

Cash may be supplied, but the worse of a position that SKYC is in, the worse the terms will be. There may be some one who steps up and gets them through the rough spots, but that will not necessarily help the short term value of this company. There are so many regulatory items that need to be resolved, by FCC rulings that SKYC is still a highly speculative stock, with a lot of risk at these price levels. I would definitely set a stop of 12, and keep it about a point behind the Ask We know that a trader like spec, won't be around for long, so to hear him pump it on a long term basis is pretty funny!<GG> I also think that there are a lot of traders loading up for a move similar to the move to 16 a little while back. As soon as the numbers were hit, it took a hard dive, back under 10. This time it may not climb as high, but could certainly fall back under 9, if it rolls over the top. The shorts and traders are the only folks making good money here, the long termers are working on their next ulcer!<GGGGG>