TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SSP who wrote (2441)	7/5/1999 4:07:00 PM
From: Jim Bishop	Read Replies (1) of 150070

MCF.T news, sorry if this has been posted, I'm behind. TORONTO, July 5 (Reuters) - Electronic commerce marketing firm Microforum Inc. (Toronto:MCF.TO - news) was the Toronto stock market's hottest stock on Monday as investors hungry for good deals snapped up the shares. Shares in the Toronto-based company was trading up C$1.00, or 17 percent, on the Toronto Stock Exchange at C$6.80 early afternoon after peaking at C$7 earlier. Microforum was the most active stock in a relatively quiet session with 1.8 million shares changing hands. The stock price is still off from the C$12 high hit this year, but stands far above the 52-week low of 42 Canadian cents. Microforum's recently garnered a ''buy'' recommendation from Canaccord Capital Corp. analyst David Wong in Vancouver, who has a 12-month, C$11 target for the stock. ''I guess the market was just looking for something to chew on. They're just news hungry right now,'' said Wong. ''My comment to clients or investors who are news hungry is to look at the fundamentals first.'' The firm is following a return to favor that Internet issues such as Yahoo! Inc. (Nasdaq:YHOO - news) and America Online Inc. (NYSE:AOL - news) have already begun to experience on the U.S. market, said Wong. Earlier this month, Microforum topped the most actives on the TSE, rising C$1.10 to hit C$6.90 after announcing it had final receipt from regulators in Ontario, British Columbia and Alberta for a C$20 million private placement financing. The company did not release any news on Monday, a spokesman said. ($1=$1.47 Canadian)

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next