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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46

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To: LegalBeast who wrote (4130)8/11/1999 1:58:00 PM
From: Mr. E   of 5541
 
OK, guys. Take it off line. Everyone else, I think, understands by this point.
Second, earnings is earnings. If the old MVEE has 200M s/o, then EPS is going to be smaller than if the new MVEE has 45M s/o. That's the only consideration if EPS is the major concern.
Third, IMO, this stock is behaving as if it is undergoing acquisition. Since it's relatively new, with very little history, I can't be absolutely sure about that. The evidence, in my mind, is the relatively small movement in price. the evidence against is the trading volume; it shouldn't be this high, but, then again I've never done this with a BB before. If it is in an acquisition phase, it'll probably stay in the .03 to .05 level for a while longer until the primary movers decide to let it break loose. At that time, they will let it move to the where ever the speculative market will take it. Is there anybody else charting this one who sees a different pattern?
Mr. E
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