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Microcap & Penny Stocks : RMS TITANIC INC (SOST) -- Ignore unavailable to you. Want to Upgrade?


To: Jonathan Feins who wrote (122)1/22/1999 2:49:00 PM
From: Michael Paul Langley  Read Replies (1) | Respond to of 217
 
Jonathan, thanks for your input (I was getting tired of talking to myself!). I also believe that some newsletter or bulletin board chat must be currently touting SOST (I believe it was on Tuesday when I first saw a 26K block go by at the ask).

However, I was actually disappointed in their earnings announcement of only $.02 for 3 Q(surprised that their revenues from exhibitions were down from the comparable period last year). I have sold my entire position of 6K because I believe that SOST may be subject to a pump and dump effect in the short-term.

I will re-enter a position when the stocks retreats back under $1 1/2 (when the volume dries up the MM's will drop the price merciously I believe). Volume actually appears to be slowing as I type (My guess slow volume last hour with a total volume of 872,500 and $2 for SOST today)