ACRT about to move to new highs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ACRT about to move to new highs

ACRT 0.110

-7.6%

Dec 30 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: JessiDani who wrote (879)	10/4/1997 11:46:00 AM
From: Ryan Plovie (Hijacked)	of 7054

I agree mostly with these statements about maybe being overvalued, except the only thing that makes me wonder, is when we broke out. We traded over 1 million shares. That is record volume for actrade. I also saw over 15 block trades, which means over 10,000s. This was at prices of 17-19. That would be $170,000!! I have to believe that most of those block trades were institutions. The technical side also says a true breakout comes on high volume and boy was it. Now that means that somewhere in between 18 1/4 and 19 is support. So far it looks like 19 is support. One thing I don't like is Actrade's P/E is getting high again, but Earnings are due out in November 1. That will drop the p/e. Basically why would everyone have bought in at 17-19 (especially institutions), if they didn't think the price would go over 20. Just one person's opinon! I have followed the stock for almost 2 years. I got in at 3 3/4 and have been buying ever since. I think it was Peter Lynch who said "Cut your losers and let your winners run" Ryan Plovie

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next