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Microcap & Penny Stocks : Magnesium Technologies Inc. - MGTK

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To: francis terry who wrote (39)7/10/1999 1:11:00 AM
From: Loren S.  Read Replies (1) of 53
 
Volume of 17,000 isn't exactly a major selloff. MGTK moves a great deal on low volume...both up and down. The stock has been in its current trading range for quite a while. We obviously haven't been seeing the news we need to make the stock go. If they ever show significant signs of sales of any of their products or sign a significant distribution agreement on the wheelchairs or show evidence of filing financials, we may see some significant upward movement. Until then I wait patiently. I don't think the stock is going much lower from here as we wait.
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