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Microcap & Penny Stocks : Omicron Technologies (OGPS)

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To: dwight martin who wrote (53)6/29/1999 6:41:00 PM
From: CIMA  Read Replies (2) of 830
 
An ex-promoter reportedly sold off 250,000 shares purchased at higher levels yesterday and is now out of stock. Apparently he was short and expected the stock to drop. He's eating the difference now.

I've been doing a lot of DD on this story. There's a large U.S. promotional group behind the company. They haven't started yet but are about to, no later than next week from what I hear. They will apparently be using internet and traditional methods (newspaper, radio, phones, etc:)of PR to create retail and brokerage awareness. In addition, there are reportedly several news releases coming over the next few weeks, not the least of which is a rumor of a large financing around the middle of July. There's rumor of another release later this week and another that has something to do with internet bingo which is apparently extremely profitable. I'm hearing of a targetprice in the $5-10 range by the end of July.

I'm just a small investor like most of us. Do your own DD as I am not qualified to make recommendations. But I'm accumulating and holding for the news and promo. I like what I'm seeing and expect it will pay off quite nicely for those who are patient over the next few weeks.
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