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Microcap & Penny Stocks : ACCY - Accsys Global Network, Inc (NASDAQ OTCBB)
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To: proud dad who wrote (224)10/30/1997 9:12:00 PM
From: flightlessbird  Read Replies (2) of 1574
 
Phil, it went down because

the MMs view this stock as a good short play until more news feeds the fire which they probably know will not be until next week. they can and probably have shorted the stock and have now bought back a lot of shares from nervous investors who watched their shares drop from .20-.22 down to a .14 bid. That's a 50% loss! Seasoned penny investors know this kind of crap is just part of the game. With no finalized deals yet announced and with a 50% loss, you bet a lot of queasy first-timers headed for the exit doors. I hope you and a lot of others have hung in there. This kind of game is brutal and leaves scars but ultimately the payoff is worth it. Enough strong hands will prevent the shorters from doing more damage and will ultimately result in them having to cover, which creates buying on buying, a short squeeze and all kinds of fun movement up. I was very disappointed to see that as much buying as went in this morning (I know others who bought in too) that they dropped the stock price. this tells me that there are definite games here. It is irrelevant to me in the end because I will be holding this company for quite some time. I am quite confident that by December 1, the stock will be appreciably higher. GO ACCY!!!!!!
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