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Microcap & Penny Stocks : COII CTI-Moving up, look into it-

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To: Master (Hijacked) who wrote (1)9/11/1996 12:38:00 AM
From: Gregory D. Ellis   of 47
 
COII rolls in this range from $1- $2, and corrects, but even I didn't anticipate it going as high as it did today. I bought in at $1.53 a few weeks ago, (mainly out of habit, watching the volume, and hearing about an announcement forthcoming. My wife and I agreed on a strike price of $2 to get out, (a nice quick return) and we ended up selling Monday morning at $2.09. In retrospect, I kept wanting to jump in all day today, but know that unless the announcement involves significant financials that are GOOD, or some real hard numbers, (Doug Holt, the CFO told me via phone a few weeks ago that they anticipate to list on NASDQ) then tommarow you might see traders walking quietly out the door. (or when ever the announcement hits). I have never seen this stock go down though, as fast as it goes up. That is the nice part about it. It is a great roller though; I may just use monopoly money on my "buy" tommarrow- unless the news is fantastic; then I will put something in and ride it to 3 or 4.
Good investing- Greg
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