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Microcap & Penny Stocks : Micronetics Wireless (NOIZ)

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To: xbrent who wrote (129)12/20/1999 6:05:00 PM
From: speedbot   of 160
 
A very weird news inspired spike today.

newsalert.com

Favorable outlook for future government contracts communicated in the business wire. Lack of interest is somewhat puzzling. The volume & timing seems to indicate a short covering rally & clearing of retail holdings although the inability to maintain just a steenth of those gains is discouraging. Could this spike promote a reversal or will NOIZ resume it's slide?

Is anybody holding besides me? Was anyone watching on level 2?

Would greatly appreciate any comments.

Thanks,
s
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