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Technology Stocks : SFLK -- Ignore unavailable to you. Want to Upgrade?

To: KHS who wrote (798)	2/17/1999 11:57:00 AM
From: Eric Fader	Read Replies (2) \| Respond to of 1591

Just my opinion. I could be impressively, jaw-droppingly correct, or hideously wrong <gg>. I believe we're now seeing the bottom on SFLK. This risky proclamation is based on rudimentary technical analysis, together with a healthy dose of "gut feel." I am not privy to any information regarding the timing of the company's next press release. The MMs have maneuvered the stock down to a level where there are virtually no shares to be had. If that's apparent to me, it'll be apparent to them too, and anyone who may be short will begin (or resume) covering. Personally, even though I have no free cash, I'd be bidding for more here if my broker made a market in it, but your mileage may vary. -Eric

To: KHS who wrote (798)	2/17/1999 12:16:00 PM
From: StockDung	Read Replies (1) \| Respond to of 1591

In the classic "pump and dump" stock scam, a company whose officers own large numbers of shares in its stock issues thousands or millions of shares at below-market prices, or even for free, to a promoter and affiliated brokers. The market is then artificially inflated through demand created by the brokers, using pushy, high-pressure sales tactics to lure unsuspecting investors. After a substantial boost in the share price, the insiders take their profits and the stock plummets. Novices often don't realize what is happening and cannot sell in time. The stock price may spiral back to its original levels, or even nosedive to zero. Meanwhile, the insiders line their pockets with the stock proceeds. The promoter perhaps will move on to the next deal but the company, after a reasonable interval, may recruit a new promoter to pump and dump the stock again. Some companies are merely stock churning vehicles, whose top officers have little interest in creating a real business with viable products or services. As investors become more educated and sophisticated, many have grown wise to the old penny-stock "boiler room" operations. Unfortunately, this does not mean that stock scams have dried up. The scammers simply have become more sophisticated as well, perhaps utilizing Internet or professional direct mail resources to target new suckers.