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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Art Baeckel who wrote (1883)8/7/2001 12:38:38 PM
From: Arthur Tang  Read Replies (1) of 1911
 
Thanks for the news.

While the market makers are not happy(AMES dipped below $1 again) with the promotional sweepstake to get children into the stores for back to school sale, AMES has cooperative advertising budget from the vendor.

The chart looks like an attempt to buy back some stock sold at the bottom of the chart. AMES investors are all bottom fishers; so in a day or two, the market makers will have to buy back when profit taking rules the day.

Lets hope that AMES will get some traffic from the sweepstake and kick off this season with a big bang. We will check the employees on the Yahoo thread to see how they are dealing with this promotion? Enthusiasm helps to push customers to sign up for the sweepstake.

Keep up with the Joneses' herd mentality is needed here to make it a big success.
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