It fell on a sell off after a dividend paydate! It is way oversold and undervalued!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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ASK is thinning out fast! and the Bid is building! Keep a close eye on it... it will jump quick!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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could be a good momo play, but I don't think it is undervalued or oversold...
From their 10K May 17h
1. Historical. During 2004, the Company had been attempting to secure financing through the placement of equity to private and institutional sources, but due to the rapid deterioration of the junior capital markets and, in particular, the technology sectors, securing financing was minimal.
2. Material More Recent Events. Due to the difficulty is raising capital for launching the technologies of Sun Oil & Gas Corp., it was decided upon by the board of directors to search for a new sophisticated Board of Directors in an effort to revive the company into a viable operating entity.
"(e) Revenue Recognition
The Company does not currently generate revenues."
Posts: 175 | From: Norwalk, CT | Registered: Apr 2005
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Even so... the charts look good for a tech play, andBTW.. the ask is now moving up to 44!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :) Posts: 3353 | Registered: Nov 2004
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