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IT Manager's Journal: IT Investor's Journal: Why the Pox is on SCOX

Aug 17, 2004, 17:30 (1 Talkback[s])
(Other stories by Melanie Hollands)

"SCOX is a dying stock, but it will take a while to get to zero. There's no technical support at its current levels ($4.50 to $5); however, it has no upside technically. It also has no upside fundamentally, unless something changes dramatically at the company, which I don't see happening. The stock has fallen more than 78 percent since Oct. 16, 2003--the date of the PIPE deal. That's a lousy return for shareholders--particularly for PIPE holders who held large positions.

"So, if I'd invested in SCO's October 2003 deal, and with the stock going south like a duck in winter, what would I do? The short answer is I'd find ways to hedge the investment while also selling my position..."

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