SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : INFE ... Infocall another Sleeper

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: LegalBeast who wrote (750)5/24/1998 8:24:00 PM
From: Theo  Read Replies (2) of 10343
 
anyone's crystal ball have any numbers on how high it will probably go before the MMs and shorters decide to nose dive it?

No crystal ball, but, I will venture a guess that it won't gap up at the open. Rather, it will sell, probably under heavy initial pressure due to weak hands selling for a quick profit. However, it is obvious the "the space travelers" have cash and are able to buy up large quantities of this float as demonstrated by Friday's action. Don't forget, Tokyo tried it and I got burned when the MM's supposedly dropped a million shares across and the price tanked. Later in the day, I suspect that buying will rule- quite possibly higher than the high Friday...JMHO of course. Given this situation, and the fact I hold a rather large position (for me<g>), and the fact I believe that the news will be very good, I'm gonna hang on to everything I own.

Theo ;-)
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext