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Microcap & Penny Stocks : Southland Communications (SINC) -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (25)	3/27/1999 1:23:00 AM
From: IRVINESULLY	Read Replies (3) \| Respond to of 264

Thanks Condor..... The price definitely took a dump this afternoon...Made me to do some calling....So, thought I'd give you an update/speculation of what happened...First off, many people bought in recently at a dollar or below (no, I was not one of them, unfortunately)..And with all the excitement, it did a run up, that even I was not expecting, as I had stated...So we not only had profits on that quick run up, but had profit taking from others that had held for an even greater profit...On top of it, it is the end of the month, and am hearing that there may have in fact been MM's who were short...And it is the end of the month, and had to cover...There is about 800,000 shares in the "real float" (contrary to what the "float" says) from what I am hearing, as the rest of it has been bought up and being held very closely by those who know what is going on, and expect to see some very good things...So the volatility we saw today can be explained.... For those that didn't sell at a profit, I didn't either..Then again, hindsight is great...If I would have known I could sell close to $7, then turn around and buy a few hours later below $5.00, you bet I would have been there, but I do not make a very good day trader...I still own all my shares...We are forming another base after the major sell off/dump..Look for Monday to be the start of another good week...Even better....can't confirm, but look for news coming soon....that should help not only stablized the price, but, once again, keep it going up... This is not a P&D stock guys....While there may be day traders grabbing a profit, in the long run, it should keep going at least for a while..despite what happened in a few hours today.. Anyone who sold at a profit today, I congratulate...Anyone who didn't...I say...not to worry..the correction will take care of itself..we got some big people believing in this one....A nnew base will be established Monday...and we will continue on Take care all.. BTW...I loved $6...loved when it hit 7...Will love it even moreso soon...And I have to say, someone asked me what my strategy was...originally I said I would sell some of my stake (1/3) somewhere between 6-7....etc....then go from there....I did try and put an order in to sell some (about a 1/3) at $7...was never taken....After talking to people...I am glad, except that I could have sold earlier today at over $6, then bought back in way below for more shares....Such is life....I always do it just a smidge tooooooooo slow!!!!!...So, here I am with 100% of my initial buy just for the record...and am still feeling very good....