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Microcap & Penny Stocks : Pen Intercom (PENC) - Ready to fly?

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To: Plaything who wrote (4)9/3/1997 11:12:00 AM
From: Andrew Hunter   of 107
 
I have free real time quotes from Datek. I suggest that you use them as an on-line brokerage, in fact. I started with E-Trade, and Datek is far superior (although less fully featured). Anyway, since I've had real time quotes I have not been able to believe I ever did without them.

Some darn fool sold at the bid, and that one trade is hanging there now at 2 1/4. The spread is too large, it won't be good for the stock today. We'll have to wait this one out a little bit. I remember WGNR came out with a big contract, and the price barely moved for a few days, so I never bought in. Then, BANG, the fourth day the stock doubled. Of course, since then it's steadily declined, but there was ample time to get out with a great profit. There's no telling whether something like that will happen here, but the 1,000,000 in the float, the potential is certainly there.

The chart looks great, broke right through resistance yesterday, has all the hallmarks of a prolonged up-move. Things look good. (but I've been wrong before!)
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