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Microcap & Penny Stocks : Corporate Vision (CVIA)
CVIA 0.4800.0%Jun 30 5:00 PM EST

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To: grover who wrote (810)11/27/1997 5:09:00 PM
From: Deeber  Read Replies (1) of 6654
 
Grover,

I did mean 100% in one day, but I meant on merger news, not a pending merger, not a rumor, but actual news that says WE HAVE MERGED. It does not happen on merger news. EUTO moved up on news that they were reducing the shares outstanding (which they are doing again soon) and news of revenues. Not a merger. INVI was a pending merger news too, and that fell right back again. A merger should not make the stock worth more in the short term, just that many investors are irrational in penny stocks and jump in on the momentum.

RG
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