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To: BobInBush who wrote (2577)3/24/1999 11:11:00 AM
From: C.Carlos  Respond to of 8858
 
Not only that, they are probably covering their own short sales. I would not be fooled into selling now. Actually, I bought more yesterday. SNMM should be viewed as a LONG term play, if you really want to make serious money on it.

As for the person who said that the stock was overvalued, I wish he would tell us why a company with the growth of SNMM that increases earnings four fold on a quarter to quarter basis, expected to make about $.75 next year, with no liabilities (less than $200,000) and a million dollars in the bank, in a rapidly growing business, substantially immune from the Kyl Bill, leader in its industry, should be selling at $8 a share. This stock is worth, IMO, based on the reasons stated above and other reasons well known to all on this board, at least $20 today, including the Kyl and Kosovo factor.



To: BobInBush who wrote (2577)3/24/1999 2:08:00 PM
From: brichard  Read Replies (1) | Respond to of 8858
 
Perhaps this SNMM sell-off has as much to do with the general
market correction as with anything specific to this company.
Patience will be rewarded IMHO.
brichard



To: BobInBush who wrote (2577)3/24/1999 9:39:00 PM
From: Victor Lazlo  Respond to of 8858
 
<<Please remember, a stocks price is strictly set by the MM's. >>

BobInBush, Like most folks on SI, I think you demonize the mm's a bit too much, and give the mm's too much credit. I seriously doubt the mm's acting alone, took this one down 18% per day for four trading days in a row. There's more to it than that.

Victor