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 : AMGV - David and Goliath of the box makers?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: DAY TRADER who wrote (136)5/27/1998 8:49:00 AM
From: Cosmo Daisey  Read Replies (1) of 509
 
Day Trader,
With a small number of shares outstanding and a small float its easy for someone or some group to take control of the price. Here's how it works. Group buys when the price is low, in this case around .25 and places small orders so as not to move the price. When the number of shares is reached they increase buying with larger orders to move the price up. Novice bystanders think the increased price is a breakout and jump in to the selling by the group. When buying dries up they dump shares to lower the price and do it again, only a couple of hundred thousand shares in this case will move it lower if you watch the price and sell into any weakness. This is a favorite play of M H Myerson, one of the MM's for AMGV. When AMGV gets it together the manipulators will move on to another stock. The next runup could be the big one so hang in there and in the interum, buy some more to tighten the float up a little more and average your cost. I was put in a stock a couple of years ago with the same bright future and the same price range, I bought on the pull backs and eventually sold out at $12 for a huge profit(six figures). The stock eventually caught on and moved higher leaving the manipulators behind.
Coz
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News