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Microcap & Penny Stocks : qqqq

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To: Chuck Bork who wrote (44)10/2/1996 7:02:00 PM
From: Brian Johnson   of 69
 
Dear Nat et. al.,
The 52 week chart (not an insurance policy) ranges from .10 to $2.00, with most recent "support" around .60 to .65
Possible those of us who discovered Quantech via Individual Investor's 9/1/96 issue (when it was trading around $1) are still keeping the faith and doing some dollar-cost-averaging of sorts.
As well, it they expect to get a decision from the FDA "this fall", us hopeful ones would pine that we're getting nearer every day to a jump to a new plateau/range.
Best, Brian
P.S.- One stock I hold on the big board, Mid American Waste Systems (symbol MAW) has jumped from about .38 to 1.25 in the last 2 days on decent volume of 500,000 and 850,000. Tons of debt, technically in default, legal hassels (see Edgar database), but hopefully someone will buy them out. Possible book value of $8 or $9, though I'd be happy with $4 or $5. Just a thought. :-)
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