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Microcap & Penny Stocks : The Chadmoore Wireless Group (MOOR)

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To: Jay D. who wrote (653)12/15/1997 3:44:00 PM
From: William E. Harriot  Read Replies (1) of 1651
 
Jay,

If the fundamentals are there, the MMs can't play with the stock forever. They probably play with all of the penny stocks. In this arena you need to shut your ears to rumor and anybody else's analyses and make your own mind up based on what's in the SEC filings and the market environment for a particular stock. The chat boards can be helpful, too.

I'm in MOOR for the long haul because I believe they can generate earnings and the company has not made pie in the sky promises. Management appears to be honest and have done an extremely good job in salvaging their markets in the face of FCC waffling. They have a ton of licenses and could end up as the largest analog provider in the USA. Build it and they will come!

We're in the trough now - but isn't that where you want to buy? Is there risk? Sure , but the upside carries reward greater than risk that Chadmoore doesn't make it. My opinion.

The last post quoted "movement" in this stock on October 7 - the stock had been moving for about two-three weeks by that time - in fact, that's about the time the bottom fell out. I guess that, too, is movement.

Something I learned at the recetrack. Ain't no such thing as a sure thing!

Bill
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