INNOVO (INNO) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : INNOVO (INNO)

INNO 0.0790

-21.0%

Jan 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: John who wrote (328)	10/18/1996 3:36:00 PM
From: nick nelson	of 4179

Same "flirts" still manipulating INNO. In the spring three factors helped the MMs hype INNO. The float was 1/2 what it is today, the anticipation of the Olympic sales, and a more relaxed Nasdaq. The MMs ping-ponged the stock back and forth between themselves driving the share price upward... the volume was 3-4 million shares a day. At the $2.00 price climax, the MMs stepped in with massive shorting. They have been riding the shorts down ever since. Today looks like some more short covering... and a "great" buying opportunity. If the MMs try any funny business with this stock now with Nasdaq watching a little more closely... it will be delisted. That would hurt Innovo and us. This stock will not go up without a legitimate reason... like supper strong earnings. Just because the new facility has indoor plumbing, not outhouses like the old sweat shop... don't mistake this advance in sanitary facilities as necessarily resulting in positive earnings... maybe less constipated employees? nick

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next