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Microcap & Penny Stocks : ACCY - Accsys Global Network, Inc (NASDAQ OTCBB)

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To: Jodi Segal-Lankry who wrote (300)11/4/1997 8:47:00 PM
From: Theo  Read Replies (2) of 1574
 
Jodi,

That was a fun ride today. I'm still puzzled, however, on WHY ACCY took off. IMO, there was way too much buying on "no news". Herd mentality? Momentum? What started the stampede. Trust me, I'm not a "wet blanket"<G>, I'm ECSTATIC!!! However, Jeff G. confirmed my earlier suspicions of MM activity, especially when I saw the first trade at .32 go through. Ask was .30!!?? The MM accumulation IMHO, can only mean that once the news is offically released, that will be the last of the $.30 range!! <g> They didn't buy at .30 for a .02 cent profit. The float is to small. They know something and I want to know as well!<g> I will feel much better when I see that news. I gotta know the rush today was based on fundamentals- real or perceived and not just mob mentality. Based on my assumptions, if the news is out before the bell tomorrow, I doubt there will be much profit taking at this level. I believe you're correct- won't be until at least .50 IMO. ;) ;) ;) ;)

Theo
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