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Microcap & Penny Stocks : JAVA: Food Concepts, Inc.

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To: DJ Paul who wrote (49)4/14/1997 8:23:00 PM
From: Alan Coccio   of 214
 
Final numbers for 4/14/97:

Open: .115
Hi: .120
Lo: .110
Close: .114
Bid: .105
Ask: .112

Total trades: 22
Total volume: 524,800
MoneyFlow: positive $20,408

Largest trades: 81,000 shares at .115 (09:39) and 60,000 shares at .120 (12:28)


Interesting day. Although there were not that many trades, they averaged about 24,000 shares per trade. I'm also not clear as to the "agenda" of the market makers. For instance, after a 60,000 share buy at the ask price of .120, the market makers lowered the ask price to .114 and then toward the end of the day after a couple of buys at .114, they lowered the ask to .112. I have trading records going back to last June on this stock. Friday was the largest and today was the third largest volume days on record for this stock. Apparently, the radio shows are successfully promoting this company.

Since JAVA is poised to do at least three times the sales of the last fiscal year, this would seem to be a seriously undervalued and unfollowed stock. I hope the sudden interest continues.

Al
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