Rande Is. . .FISHING. . [under $1.50] Message Board

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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50]

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To: Jack Russell who wrote (2755)	10/5/1999 11:49:00 AM
From: Rande Is	Read Replies (1) of 4766

Well it doesn't take a rocket scientist to know that this is not a $2.00 stock. . .so the target is a daytrader target or pump and dump target. . .one or the other or a bit of both .. . .I think the stock should be selling at .75 cents here. . .and would not be surprised if it saw a $1.00 spike. . . .then again, it would not surprise me if it has already seen the high for the month. . . so I go both ways. . . My feeling is that there are not many daytraders playing pennies these days. . .so it will stay in accumulation mode. . . but I am watching the volume. . . This morning's volume was way too much for as little movement as there was in price. . .that shows some pretty hefty dumping. . . which tells me that some P&Drs are getting a pay day. Now the question comes up as to whether those pump and dumpers turn into bash and cashers. . .not much sign of turning short. . .but it is hard to tell at this stage. There is still building interest. . so if there are no daytraders, nor shorters, the accumulation could continue and we could see some serious gains from here. But I believe each gain from here will be met with resistance unless a very big group of traders jump in. . . .which is certainly likely. . . and if that happens. . .the stock becomes strictly a momo . . .and played as such. . . I would have thought that would already have happened. . but the volume isn't THAT strong. But then the day is young. Rande Is

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