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Microcap & Penny Stocks : The Henley Group, Inc. (HNLY) undervalued growth company

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To: Trooper who wrote (876)3/13/1998 1:40:00 PM
From: ChrisJP  Read Replies (1) of 2232
 
Hi John,

When a company goes from $7.50 - .50 in 8 months INCLUDING a reverse split, I'd say there's something more going on here than just losing money. I would be looking for REG-S dibentures or some other funky financing deal lurking under the covers. BTW, how did they come up with a trailing PE of 4 when they lost money last year ?

Notice how they claim to be filing their report with the SEC NEXT month ? When was their LAST filing ? Is this the current scam stock mantra -- SEC filing coming soon ! The only way I would by this stock is if I knew they were being heavily shorted and I was part of an organized effort to takeover the float and make the shorts cover.

I like this exerpt:

>> Since CCGI went public in June,
1997, the stock price has sunk from
the area of $7.50-9.50 to the current
lowest level at $0.30-0.50 including 1
to 2 split last September. Technical
analysis indicates CCGI continues to
consolidate under $1.00 and its On
Balance Volume indicates its under
accumulation and its Relative
Strength trades at an extremely
oversold level. <<

Yes, I would say the stock is oversold ! And it will stay that way unless people who read the undervalued dog start buying it !

At least MGRA looks like a stock that is just a little down on it's luck and is experiencing accumulation bringing the stock price up.

Regards,
Chris
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