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Microcap & Penny Stocks : NYRR,What is going on?

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To: Dennis P who wrote (4067)7/28/1999 11:11:00 PM
From: Wayne J.  Read Replies (1) of 4304
 
Hi! Dennis,

You asked is that really Jack on the other message board?
I'm assuming it is--but I imagine with the internet that anything is possible.

Well enough about Jack!

Your back in!!!---I admit the prices today at one point were quite tempting-the world of penny stock speculation sure keeps us on our toes!

I am still a shareholder and will be following closely to look for any signs -although signs might be overstating things---guesswork mixed with timing might be more appropriate! JMO!

The share volume picked up today---I don't know if it was just some panic selling with the quick drop to .42 cents earlier in the day--it will be interesting to see if the daily volume starts to increase over the next while.

I have heard the expression increased volume preceded by increased or decreased share price---but I imagine that would depend what is driving the volume-accumulation or some people exiting.

It's a shame that so many insiders ( based on the 144's ) elected to consider selling such large share blocks--I think it might have dampened the momentum that appeared to be building at one time--well maybe if they can curtail the insider selling for a while may be brighter days are ahead. JMO!

I'm still waiting to see two of my old favorites-to see the company become reporting and hear some update or resolution to the Conrail lawsuit-the other going on's I'm not even concerned about at this time-let's see if they can get the first two mentioned events in order and update the shareholders before I get too excited about other scenario's.

Have you talked to the company lately?

Good to see your back!

Best Regards,

Wayne J.
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