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Microcap & Penny Stocks : ALFN - Toy Store On The Internet

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To: Pat Maguire who wrote (1915)6/11/1999 3:01:00 PM
From: Bryan  Read Replies (2) of 2136
 
Patience my friend.
"All good things come to those who wait."

IMO this one is going to start to move up steadily without retracement as we get into the Christmas spending season. Of course that is contingent upon a successful implementation of the e-commerce website.

Are you looking to exit this issue with a quick profit? I think more of the real investors in ALFN are looking much further out on ALFN. Therefore, price action in the range we have seen over the last several months would not mean much to them (or myself). Anything between 0.875 and 1.75 is insignificant if you are looking forward with a longer-term perspective. If you want a quick profit from ALFN, buy it at 0.90 and sell it at 1.30......we've seen it several times just recently.

On the other hand, if you believe strongly in the management's ability to turn this "penny" into a "NASDAQ issue" which they have hinted at, then forget about the current lack of volatility and look further into the future. At some point I'd rather be complaining about the lack of movement when it is trading in a NEW range up in the teens !
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