CEDAR GROUP "CGMV" grossly undervalued Message Board

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Microcap & Penny Stocks : CEDAR GROUP "CGMV" grossly undervalued

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To: mike mulhearn who wrote (35)	10/9/1996 1:34:00 PM
From: peter lo	of 41

I recently bought 5000 shares of the stock at $2.375. Based on the following reason. 1. technical chart: more than 3 million shares traded with break out $2.00 level. ( it is a bullish signer) It looks like bottom out. 2. The company makes profit in recent quarters with a big backlog. 3. The company is cheap comparing with whole over valued US stock market. 4. There is a big potential return at this lower price stock. Sure there is a big risk also. What we need to make decision is which one is biger. 5. There are only 16 million shares tradable at this stage. ( there are some perfer stock and notes which is able to be converted at $3.125. It is not a dilution for current stock price) 6. It is only partial of my investment. peter

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