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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46

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To: thomas a. burke who wrote (353)6/11/1998 6:26:00 PM
From: Vegas   of 5541
 
Any feedback on the big drop this week in light of the good exposure?

WHAT!!!??!

You are a daytrader. You [self admitedly] bought with intent to sell on good news. Guess What? You weren't the only one. I'll explain it to you.

People get wind of news and interview on CNNfn. Buying starts with slow accumulation and increase as 6/10 draws near. Bang PR comes out 2 days before the interview. Traders (such as yourself) say hey news, sell now or wait for interview. Is this "THE NEWS" or can we expect something bigger? Not waiting to find out selling begins. Interview comes and goes with no more BIG news, selling continues.

Selling will continue until we get to a point slightly above were the buying began. For me I believe this to be .1875 since the buying began at .14 (that is completely a guess.)

I don't have level 2 or Alan's wisdom. Just making an observation based on typical BB crapola...

JF
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