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Microcap & Penny Stocks : Cetacean Industries, Inc.---(OTC Bulletin Board: CTAE)

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To: Riley G who wrote (52)11/25/1997 10:24:00 AM
From: mtnres  Read Replies (1) of 106
 
I would have to agree the float must be relatively low as the action we saw yesterday indicated. Buys of any size but generally smaller ones seemed to spike the price upwards radically. They seemed to keep a fairly wide spread on the B/A but eventually it had to start moving at a pretty good rate too.

If people stay interested and any sort of buying continues this should get back near the 52 week high in no time, imo. However, if interest wains, as we are seeing so far today,this is going to be a long ugly ride until we can 1) verify the low float and possible short position or 2) the company sells a major contract on the Y2000 solution.

Here's hoping for both, soon......would like to take a profit and jump
into more RMIL before the explosion that awaits over there.
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