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Microcap & Penny Stocks : LGOV - Largo Vista Group, Ltd.

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To: Paul R Hnott who wrote (944)4/27/1998 8:49:00 PM
From: Dusty  Read Replies (1) of 7209
 
Paul, I corrected my statement on the counter. Perhaps, you did not see it.

Largo had a great day. She tested the .28 and did well with considerable buying at .25 This is just my take on today but, the Market Makers were hurting for inventory from the get go this morning. They raised the bid and ask long enough to attract some sellers. They got really lucky, JMO.

If no one would have sold them any they would have raised the ask and the bid much higher. That is where learning to support the stock really works for the shareholders.

None the less we had a great day over half a million shares traded.
These Market Makers are not stupid, they know the information is real close to flowing and they are trying to build up an inventory as CHEAP as they can get it for. When no one was selling last Friday at .17 and .18 they had to raise but ask any of them and they will tell you they got it dirt cheap at .21 today!

Now, I know all about the "take" profits, scenario, but I been reading between the lines and I like what I see. I know this stock is selling at fire sale prices now and it is not going to stay that way. It would be foolish for me to sell for pennies, when the bucks are just a bit further down the road. All I know is my friends and I will not be selling anytime soon!

Long on Largo...

Dusty :o)
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