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Microcap & Penny Stocks : AMGV - David and Goliath of the box makers?

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To: RogerWillco who wrote (119)5/20/1998 2:52:00 PM
From: Russell Gish  Read Replies (2) of 509
 
Lack of interest.

MM's ain't in no hurry..... so they'll wait out the weak hands and buy low.

This play was a misinterpretation, IMO, in that some of Joe's subscribers took this as a momentum play yesterday based strictly on volume increase from Monday's action. As far as I can determine there is no reason for the volume increase, ie. news/rumor/etc.

This is definitely a long play, but the question is how long do you wanna wait for the action. Obviously this week was a false start and unfortunately some people got suckered. Either someone started to accumulate which drew some attention or, heaven forbid, someone floated a balloon.

Good Luck,
Russ

P.S. I like 3/8 for an entry point... at this time
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