ICVI (now MTEI) Message Board

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Microcap & Penny Stocks : ICVI (now MTEI)

MTEI 0.00240

-29.4%

Dec 8 11:13 AM EST

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To: DG Cruise who wrote (7540)	6/3/1998 5:17:00 PM
From: Lee Walsh	of 11850

All, I was really pretty impressed with our little stock today. Even though we were down, if you look at it on a 5 min chart, you see we hit $1.00 twice and bounced right back. $1.00 is a VERY IMPORTANT SUPPORT LEVEL!!! I had an limit buy order setting there all afternoon and it never got filled. Everyone could hold this stock above $1.00 tomorrow very easily if we all do the same. Really a pretty strong close also, we were up about 6 cents in the last 10 minutes. The way I see it, yesterday was a profit taking day, today was an accumulation day. I think we will be up a bit tomorrow, and Friday will be a good day. Also, (and Rico can verify this) The market makers did a significant amount of covering today (in the bounces off of $1.00) Those were mini shortcovering/rallys..intraday. Also, this company has been known to release news a bit earlier than was anticipated (surprise factor) They also release early in the AM...last 2 at 6:AM eastern. Might we get some news on friday??? Time will tell!! Lee

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