qqqq Message Board - Msg: 219399

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Microcap & Penny Stocks : qqqq

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To: Chuck Bork who wrote (6)	8/12/1996 11:19:00 PM
From: arvind chopra	of 69

Read about the company in II latest issue. It is a company on the BB which adds to the risk of the stock tumbling down into the low teens, atleast that's what its 52 week low has been.Also with 40 million shares outstanding, the earnings will get diluted.(It has 10 times more shares outstanding now than it had last spring!!.)It is at 1 3/16 today at close and is likely to go up more in the next few days when short term investors will probably bail out and the stock may fall back to under .80 cents when it may be a buy, specially when the approval for the test is several months away. I plan to watch the stock for some more time before jumping in!!!. HAPPY HUNTING!

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