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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46
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To: Taki who wrote (1378)10/7/1998 1:26:00 AM
From: CrazyTrain   of 5541
 
Everyone knows how long I am on MVEE I want to go on record as saying that it will NOT go to $6 in the next two months (boy, I hope I'm wrong). This stock had a solid support level at $.12 cents for most of this year until recently. I know that the records indicate that the 52 week low is $.012 but this is not a true reflection. I was watching MVEE the day that one trade went through at $.012 when everything else that day sold for $.12 or higher. One lucky person (or probably an MM) got one order at $.012. I almost think this could have been an MM trick to break MVEE's solid support level of $.12. Many people look at the 52 week low when buying a penny stock to see where the bottom could be. I don't expect any news that would drastically move the stock until at least the Milan Film Festival. Even then we will have to see what kind of deal they make. Some may get in before then or daytraders may manipulate the stock. I really don't know how high it will go after they sell a movie. Even though there are 90M OS and 50M float it only seems to take 3-4M to really make it move up which makes me believe what others have said about most of the float being in strong hands. Just a though, If you were Chuck Norris would you want your son to get a good start in his first motion picture? Would you invest as a limited partner or buy stock in the company that would be producing your sons picture? How many actors know G&G? I doubt that G&G have even mentioned the stock to the Hollywood crowd. Anyone know any actors they could ask to see if they knew they could buy stock in G&G's film company for $.08? I think this stock is suffering from lack of exposure. A successful movie should solve that problem.
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