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Microcap & Penny Stocks : MSEL

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From: Arthur Tang5/3/2007 6:22:08 AM
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This stock is very thin. 8 million shares perhaps, mostly owned by Merrill Lynch hedge fund(Fritzgibbons). After reverse split, I own 100 shares.

So, trading is very thin as well. The assets and business is build up around tax loss of Merisel as a distributor of electronics and software. So, recent quarterly earnings of 50 cents had no tax liability.

Previous high was $8/share. Now it is approaching that($6.20) and may go beyond without much trading volume.

Market making is by a small firm hired as consultant to improve stockholder's value.
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