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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Paul A who wrote (663)10/8/1997 11:48:00 AM
From: Arthur Tang   of 1911
 
Thank you, Paul.

I rely more on market makers' action than fundamentals. Because AMES stock is discounted on P/E ratio against industry ratio. Some day, I will look at the fundamentals if consistant earnings come in next April, 1998.

Since it is discounted fairly heavily, local oversold or overbought at different market makers' is the most important factor.
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