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Microcap & Penny Stocks : lcav
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To: yosid who wrote (177)1/24/1998 2:59:00 PM
From: Manny Gugliuzza  Read Replies (1) of 942
 
i think demand has or at least was placed on value when this stock put in the past low. fundamentaly i have no idea what the real value of this company is. it is reported at .72 cents per share as of the last quarter.

supply will probably be higher but it is mostly in the hand of summit mngt now. i do think they want to make money although at times it seems to take a back seat like you said.

most of the history of this stock is selling from the previous 2 reverse stock splits. maybe a third will finally work, but if this stock were to reverse in the near future do you think it would stay at 4-5 $ pershare if it was 2 for 1 say? i think it would sell off again.
where would you see and optimal reverse split and at what rate?

as long as this stock meets certain criteria ( no severe erradic wide swings, free falls,etc) it will allow technical data to be produced from the stock price action and this is what i feel may be more reliable for trading in and out of a stock especially in these low ranges. but i tend to be a little long winded to put these up here for posting i guess.

i am hoping for a decrease in shares comming to the market from summit
mngt at least till the end of the second quarter. i would not make a decision to buy or sell this stock based on fundamentals alone.

good luck this week with your buys.

ar.
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