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Microcap & Penny Stocks : International Nursing Services Inc, old (NURS) new (MDIX)

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To: P.E. Allen who wrote (552)4/24/1998 5:20:00 PM
From: Dave Gore  Read Replies (2) of 2911
 
I hope "sell on the rumor" does not apply here..talked to IR

Sue could not say if anything was happening next week, so I did not buy.....I relly can;t stand these "I heard it froma reliable source" posters. I hope you guys hit a home run.....just be wary of the fact that 80% at least of the volume today is by TMEX and other daytraders who won't be in the stock for very long....don't kid yourself about that.....

I know these people and when you invest $20,000 to $150,000 (and they often do it over several smaller trades), they are thrilled to make 10-25% on their investment (i.e $2500-$40,000) in a few hours.

Be careful....stocks don't stay above their 52 week highs unless there is a compelling reason and the 52 week high is 66 cents as I recall. Even if there is great news...you might consider getting your inital investment out and ride the rest.

FWIW,
DAVE (I know, Mr. Conservative)
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