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Gold/Mining/Energy : MARUM RESOURCES ON ALBERTA
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To: Famularo who wrote (228)3/20/1998 11:05:00 AM
From: bill  Read Replies (1) of 2514
 
I'm always suspicious of small trades of penny stocks.Even on
discount broker's fees, they make no sense. It's one thing to
order 500 shares of NTL at 89.00 or even 100 shares but it doesn't
make sense to order 500 shares of a stock at 23 cents. It's one thing to take out a bunch of small lots in a market order. Otherwise, the
move can be discounted. If you don't have access to the volume being
traded and only see the price, then a move up looks good. In this
case I hadn't bothered to check volume. When MMU finds it has
something. we'll know it pretty quick because there'll be lots of
volume. If it works like a lot of other penny stocks, probably a
string of trades, then a pause, then as word gets out serious buying
starting.
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