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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46
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To: bottomfish who wrote (1984)1/3/1999 2:15:00 AM
From: Banditjrjr   of 5541
 
Gentlemen, Thank you very much for your responses! They have been very helpful in understand how things work! I was a bit confused only because I see so much potential in a company that makes movies, since we all know that one good movie can go a long way! (look at Titanic, of course this doesn't happen very often)! Anyhow, I was a bit concerned as to why this stock kept dropping, from $.14 to $.10 to $.065 and now to $.0575! I thought that maybe something was going on that we don't know about! But thanks to you all I think I now know what might be happening here! Let me know if you all agree with my reasoning or if it doesn't makes any sense at all to you:

The Company announces good news about fundings ~four months ago and stock price flies up to $.34 on speculation of more money = make more movies. Then no more exciting news for the past four months and investors become impatient and sell off the shares, even at a loss, to find something more aggressive or hot at the time, and we, as long term shareholders, suffer! Am I close, because if I am then does that mean that all we have to do is sit and wait for some news on the two existing movies that are already made or will it take another announcement of financial fundings to get this stock going again, comments please!

Thanks again for all your comments,

John
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