Ames Department Stores (AMES) Message Board

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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: DavidMW who wrote (1880)	8/5/2001 11:31:00 PM
From: Dan Duchardt	Read Replies (1) of 1911

David, No targets from me. I would not risk a whole lot of capital on AMES, since there are no doubt less risky places to invest. But at the current price of the stock, there is a lot more upside potential than downside. It's like buying call options at this point, except that the expiration date is unknown. If the company fails you could easily lose the entire investment. If they can turn it around the potential gain is substantial. I can't explain why it happened the way it did, but take a look at HLYW. In late November the chart looked every bit as bad as the recent AMES chart, and their losses are far worse than AMES, but perception of the company's future changed and it went up over 1000% from the low in about 7 months time. Dan

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