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Microcap & Penny Stocks : LGOV - Largo Vista Group, Ltd.
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To: BlueCheap who wrote (971)4/29/1998 9:14:00 AM
From: jpbp  Read Replies (2) of 7209
 
We are definately experiencing a very different trading pattern in LGOV in the past 2 months really.

What's the difference: If I may suggest the following.

It's the difference between smart money and trader money. What I mean is this. In the past LGOV has had high expectations (although none to the euphoria people will show when people realize that a China play could and should have:
1. the same ramifications of an internet play
2. much longer sustained growth projections with government backing
3. immediate profitability (try that with most internet stocks)

for starters...there is probably more to consider. All that said, the trading pattern for LGOV in the past has been one where (with some of these expectations in small proportions) day traders would jump on this for a few days...run it to .40 - .50 and then leave it till there was more hope...knowing all the while the company needed more time to define itself.

Now there is a tremendous difference because the company has had world exposure with the conference... is courting offers from global 500 companies....and is ready to release financials from the year past and become a regular reporting company. This stock traded at 2.50 with nothing going for it and now sits at .23 with EVERYTHING going for it. The difference in share count between then and now (over 20 mill then and 56 now) would mean that the stock should still be way over a dollar on 95' valuations. (this was when it traded for 2.50, had no revenues to speak of, etc.) and now we qualify for a NASDAQ listing...except for stock price.......for now......)

The difference now is compounded by many investors that have refused to give up on this company during these run ups and downs and now believe more so than ever that we are just days away from something very exciting.

This is smart money...people who have visited the operations in China....people who have done business themselves in this area....people that weren't at all concerned that the stock price had gone down to a trading range of ..07 for a day.

Now these people have only increased their position in the meantime and know that whether it's tomorrow or next week it doesn't matter...this company is worth many dollars a share (not pennies) and are patient to wait for it.

The trading patterns are different because this scares day traders...this type of pattern. It is different they are not buying on a rumor selling on the news. If anything they will be buying on the news because they haven't done their DD and will be shocked when they see this is for real.

Malcolm and all...this company reminds me of the boy that cried wolf ( what the traders have done to it) They've beaten it up and down so many times that now all they see is the potential for a few pennies....a nice run (which will come shortly) and then it falling back in the same old trading patterns. When they see the wolf..that this company is for real, that there is exponential growth and profitability for YEARS and YEARS they will not know what to do. They are not used to seeing this kind of stock...certainly not trading for .23. I propose that it is the real thing now and when people see it...there will be a euphoria like we see in many internet stocks now...CHINA stocks will be the new hot thing...jut wait!!!

Patiently waiting for more smart money and a continued rise,

jp
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