Dow Jones 10391.31 +3.77 1:12 pm PST, November 8, 2004  NASDAQ 2039.25 +0.31 For info, visit access.smallcapnetwork.com S & P 500 1164.89 -1.28 Change your subscription status here Russell 2000 602.17 -2.12 VOLUME 04: ISSUE 89  Feature: Spectrum Update - Shares bounce from initial decline. Spectrum Sciences (OTCBB: SPSC) got cheaper Monday morning as the shares dropped from the Friday close of $1.68 to a nasty early low of $1.17. Almost immediately the shares bounced and recovered to the $1.30-$1.35 level on volume of north of 2.2 million shares. While we are obviously not privy to any non-public information, we can find nothing substantive at this moment, other than the rumor of a large sell order that allegedly showed up at the opening and spooked investors and traders. Such are the vagaries of the SmallCap market.  Barring any news, the drop looks like a classic oversold situation. The shares have also been, in the past, the target of short sellers. Those folks may well have added some horsepower to the initial decline. Volatile? We told you so... We have often said Spectrum shares are volatile and today's action confirms that once again. Quarterly numbers should be out soon to give investors further clarity. Although the company has been quiet for the last couple of weeks, we read nothing more into that than there is little news to report. We believe that will change as the company continues to track deals and relationships as we've noted in previous articles. We will bring you all the Spectrum news that comes our way, but for the moment, this could well represent a decent opportunity for those hearty investors willing to dive in. Our recent Trading Alert was at $1.26 and until news warrants we see no reason to recant that. A stop loss at $1.05 as previously noted would likely be prudent. Don't forget to keep in touch with the SCBlog. 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