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Microcap & Penny Stocks : ROLLING STOCKS

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To: Charles Holewinski who wrote (37)9/20/1996 8:43:00 AM
From: Steve Dunlap   of 233
 
Thanks for your fine post outlining the fundamentals of rolling stock
identification, Charles. Much appreciated.
AUGI may be a candidate to watch. Company is in the process of
mergers and other changes. Folks having a hard time deciding how
to value the company. Within the last 6 weeks the stock seems
to have settled into a trading range with a slight overall uptrend.
As news and speculation ebb and flow (see the very active boards
on SI and AOL) the price has cycled between 6 & 7, 6&7, 6&6.5,
6.5&7.5 for about 4 complete cycles in 8 weeks. Whether this is
rolling or just volatility I'm not sure. Right now the price has
fallen to 6.75 from the high a few days ago of 7.75 . If the pattern
holds, the price will move up to about 8 at which point the next
group of disgusted owners who bought the hype back in May will sell
and drive the price back down. If I'm way off please pick away..
I'm a novice and willing student of all this.
Good Luck to all and thanks for the very informative thread! Steve
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