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Microcap & Penny Stocks : SIIS (Struthers Industries)
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To: Larry Schnitt who wrote (403)6/21/1997 4:12:00 AM
From: chris431   of 709
 
All,

Although I am hoping for the best, it seems to me that this may very well be a repeat of the last rally. I have yet to compare the 2 charts but will do so sometime early next week (feel free to do so before I). IMHO, it's feasible that there is no new information out there. Just a few firms cold-calling rallying the stock up. It would be these same firms who represent the large amount of shares being traded. These large volumes may simply be going from one party back to the other, over and over again. Put most simply, firms could be manipulating a stock that can be manipulated fairly profitably (low price....what not a better category of issue to manipulate than one which can raise 100% or more quite easily....Intel, MSFT, etc. sure aren't going to double in a few days). Penny stocks are often known for this very tactic by firms. Call enough people and you can easily generate the volume necessary to drive up the price as we have seen in the last few days (2 million shares isn't all that much money exchaning when you realize how cheap the stock is, besides the fact that if my theory holds true, much of the volume we saw during the rally was more passing back and forth among the firms involved to drum up the volume). This is merely speculation and for all of us I hope I am wrong....unfortunately last time this appeared to be the case ($.59 to $1.58 in a few days).

Christopher Hinton
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