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Microcap & Penny Stocks : MegaWorld Inc. (MEGW)
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To: Robert DeHaven who wrote (389)4/21/1998 1:43:00 PM
From: jake burns  Read Replies (1) of 1058
 
We will definitely see a short squeeze on Megaworld. But, unlike k-tel, I believe MEGW's price will move to accurately reflect the company's worth. Unbelievably, MEGW's market cap is 8.33 million dollars...I'm just scooping up shares every other day at these prices. It's kind of funny that a week ago the stock was at 1.25--talk about theft. But, your k-tel point is well taken. Anybody who doubts that this stock could soar to 20, 30, or even 40 dollars in a few weeks time should examine the k-tel story, but I believe it would take a major announcement to do it. (And that's what MEGW has been promising since January!)
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