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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying

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To: Top Jim who wrote (1180)12/28/1999 6:07:00 PM
From: didjuneau  Read Replies (1) of 1305
 
TJ, Here's what happened today:

chart.bigcharts.com

Here's a chart of the year's trading:

chart.bigcharts.com

Notice how the money flow increases in steps. First a little step for a wake up call. Then a big step. We've had our wakeup call. I still remember that day we went from 11 to 24 on no news. People couldn't believe what they had stumbled onto for a while. Then it took hold.

Today's tracking of CMRC will continue until more buyers are educated on WCAP's entire portfolio. Daytraders and shorters don't care, since day to day trends can be so arbitrary, but as a holder since 11, I'm feeling pretty good about 20% tax whenever I do sell. I hope we split on or before a big earnings announcement in February. It worked for CMGI. A bigger float will give this the stability that it needs.

A couple more interesting observations:

1. MMs will drop the price 2 dollars in a heartbeat to grab stop limits and stop losses, and then bring it right back up.
2. WCAP hit over 800% on the year back in April before CMRC was even a glimmer in any daytraders eye. Of course, that was on irrational exuberance. ;-)

This is still my favorite chart:

siliconinvestor.com

Getting up to 4000%!
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