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Microcap & Penny Stocks : RHOMBIC CORP.(NUKE.Nasdaq BB) Daimler Benz Aerospace JV
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To: SCRIBEALIVE who wrote (257)5/16/1998 10:17:00 AM
From: Trumptown   of 1364
 
Nice analysis. It's been quite a week for NUKE! What's better is that the move was driven by three relatively small events:

1. Joe Copia's thread picking up on it
2. A BB:OTC alert was issued as a buy
3. NUKE's PR, which really didn't have any new info

I believe part or most of the "short term" financing is the 504 of around 1m shares. This was probably being 'placed' during the run-up last week. There may be a bit more (I'm not sure). The point is that we got a nice run-up while there may have been some dillution going on (504). So, as soon as it's done, and if the day traders hang on for a bit here, NUKE could spike to $5, $10 or $20 depending on how tight people hang on. 2m shares short on 3.5m float of a company that has huge potential is VERY rare. Hopefully investors/traders understand how unique this situation ia and how high the price can be driven by holding out.

The European 'rollout', should spark some overseas buying. A Daimler release should get us $4 - $5 before it settles back some. However, if the day traders hold... we could see a $10 - $20 spike, with a resounding 'thud' afterwards before we move ahead again. Should be an action packed month!
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