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Gold/Mining/Energy : Magnifoam Tech MTG/ASE
MTG 25.98+1.1%10:16 AM EST

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To: Ian A. who wrote (73)4/23/1998 12:46:00 PM
From: RENO GAMBLER  Read Replies (1) of 144
 
To Ian A: I think this is the beginning of many more news releases to come this year. I think the general industry view would be, " if Magnifoam is good enough for Bombardier then it's good enough for us". I have been bidding $.90 for Magnifoam preferred shares (O.T.C.) and the market maker won"t show my bid. Looks like they got some themselves yesterday for 60 cents even although my broker has my bid in at 90 . They wouldn't be allowed to do that if it was listed on a regulated exchange. The current bid /ask is .60 to 1.00 I hope the trader in turn sells it to me but I doubt it. I think Magnifoam is going to do well this year.
RENO GAMBLER
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