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Microcap & Penny Stocks : CAML lovers Where are you?

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To: Mel Spivak who wrote (1369)5/20/1997 12:15:00 PM
From: Philip Pasteur   of 1541
 
Mel, All of the current and former shareholders as well as current
and former employees that I speak to are severely perplexed. No one has even heard anything that might indicate what is going on. To my knowledge nothing has changed. This might be one of those situations where price movement is not event driven at all. Rather it may just be driven by pure speculation and the "herd instinct". I believe that the volume itself was enough to stir some interest at first. Now it would seem that some folks believe that there just has to be something going on... so we get price movement. Keep in mind though that even though there has been some movement, around 40% or so, the actual price has changed only by pennies. The little guy isn't going to make much, or lose much on a tweleve cent change in price.

The other thing, if one bought at 3/16 or even 5/16 this movement is good news. If you are one of those that bought between $2 and $8 it doesn't help a whole lot!

I wouldn't go so far as to label this anything close to a "rennaissance". More like a minor perturbation !

If I could just figure out what motivates investors in a situation like this... I could get rich quick :))
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