Ames Department Stores (AMES) Message Board

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Microcap & Penny Stocks : Ames Department Stores (AMES)

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To: Arthur Tang who wrote (703)	10/18/1997 7:49:00 PM
From: Ross	of 1911

Arthur, Are you sick? AMES has seen over a 22% reduction in price since hiting 18. What do you consider a "pullback"? Short sellers or just sellers will drive the price of an issue down. In a bull market everything goes up. Yes AMES will probably show you well over a 1000% return but in a bull market and over 10 years what would not? Furthermore the volume on AMES has dried up except ofcourse those hitting the Bid. Tax loss selling season? Who would hold a position for months or years in preparation of sellign for a write off, answer NO ONE. As for the rest of your comments i.e. Short squeeze will then be called, Bull against Bear etc... , What the hell are you talking about? I trade for a living and I have yet to see a "short squeeze call" (Point of information. AMES short interest for September is the lowest it has been in 4 months) what ever that is. Lastly, we need more market makers? ~Completley unnecessary, we need interest in the issue and the company by insiders and small investors alike, even positive press is not giving it that. I apologize to any investors who read this thread for my ramblings but I believe our friend Art is misguided to put it kindly. Paul dont waste your time. AMES is weak AMES RSI is down AMES volume has dried up AMES has fallen below key resistence points AMES is being sold off by insiders and investors alike AMES spread is widening on average AMES goes down on rumor and down further on news I wish I was not in it but I am and I am sure many of you feel the same. Is AMES going to recover, it will take until January to even consider it. If I am wrong and I pray that I am GOOD. If I am right then as we can plainly see the run to 18 was pure manipulation. Good luck to us all.

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