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Strategies & Market Trends : CNHH ... Greece Shipping Company

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To: greg who wrote (15)2/11/1998 8:53:00 AM
From: Ga Bard  Read Replies (1) of 92
 
Greg I cannot advise you to buy or sell ... I have owned this stock for months. It has a very small float and on 29,000 shares the other day it doubled. This is a long term for me as I continue my research today on the Greece shipping company. I do not know where it will go but the small float and solid long term will get it off this OTC board very quickly and onto another exchange. RNTK I bought at.91 and it si a very good stock. I have followed the DD but not done much myself.

This should attract people that are long because it can't be momentum traded because of the small float. Look what happened to MEME with its small float yesterday. I like small floats with millions coming in because as you collect the long term buyers it goes up. Of course there will be buying and selling but it slow ticks up and holds.

I have a bad reputation with the momentum traders because I like these type investments. I do however momentum trade stocks and then reenforce my longs but I do not talk about momentum stocks I trade. They have to be fully reporting to qualify as a long with the new action to drop OTC stocks to the pink sheets if they do not comply.

This one has a bright future, the shell has no debt, small float, and presently a casino in it. I do not know if the casino will stay but I doubt it because of the two different bisiness plans each one has.

These type stocks were the best slow performers last year. Empty shells that had a public company buy in which in turn took over the shell. They then change the ticker and start fresh. As far as targets go I try to refrain from doing that since I have a 1 year minmum for the stock to get off this OTC areana. Another one like this is MIDL which I hope to see both of these get onto a bigger board.

Trust me it is a pure son of a gun to get off the OTC. It takes strong long investors to do it.

Happy Trading

GaBard
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