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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Scoobah who wrote (2616)	2/11/1999 9:10:00 AM
From: star56	Respond to of 52051

SYCD: FYI SYCD is trading at 24% of its original "IPO" price in November 1998; based on good fundamentals and Market Cap alone, it should at $1.50 at least. ***** SYCD is easy to figure...until we either get news or people realize that the Market Cap of this company is really small and thus undervalued, we may not do much. People often just look at the float and number of shares outstanding but have no clue how to judge what a stock is worth. If they did they would realize that this stock is worth $1.50 or so right now. MARKET CAP = number of shares outstanding vs. share price. Example... A stock selling for 10 cents but with 50 million shares outstanding is way overpriced when compared to SYCD. that is, it has a bigger market cap and should not have based on fundamentals. I wish people in penny stocks were more educated. This is why SYCD rraded at the $1.50 level when it went public.