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.

Microcap & Penny Stocks : Synergy Brands-SYBR (was KRAN) -- Ignore unavailable to you. Want to Upgrade?

To: Patricia Meaney who wrote (864)	2/23/1999 2:58:00 PM
From: Bill Fortune III	Read Replies (1) \| Respond to of 1026

Hi Pat. I think we have all heard the old cliché, buy on rumor – sell on news. I would have to think that some of the buying today is based on rumor. Also as I look at part of the transaction log on SYBR so far today I see a lot of profit taking by many. If you think of that in this light, those who are selling today vs. those buying they are in some manner establishing a higher base for SYBR investors. No one knows what will happen when the opening takes place. We have to keep in mind the “theglobe.com” situation: biz.yahoo.com We too have need to keep in mind what has happened to recent revenues, almost double, “For the nine months ended 9/30/98, rose revenues from $3.9 million to $7.9 million. Net income from continuing operations applicable to Com. totalled $517 thousand, up from $133 thousand. Revenues benefitted from increases sales to primary suppliers and Procter and Gamble” along with a previous 158% gain in revenues for the period of sec.yahoo.com . And yes the volume is very heavy so far today with about 1,000 trades taking place. It would appear that by day's end over 20% or 1 + million of the total 5 million share float will have traded. Pat it is a tough call, but I have decided to hold a minimum of 50% of my holding is not all. I could very well be wrong but I thing SYBR has a lot going for it and may seek higher levels, possibly as high as $12-$15. Keep in mind that is a guess and is based some on company structure and a lot on what just plain can happen to internet stocks. As I post this SYBR just traded for 5 ½ up 1 1/32 or 23.00% on 905,000 shares and 1,055 trades. Good luck to you and everyone on the thread. Regards, Bill Fortune III