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Microcap & Penny Stocks : EDII
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To: ColinD who wrote (1759)6/22/1998 9:49:00 AM
From: gerard mangiardi  Read Replies (1) of 2849
 
Light volume is the key. It means the sellers are done. As I had suggested in an earlier post I think that everyone had misjudged the float and on the last run up a lot of stock was sold. BTW only a fool would short a penny stock unless they knew it to be a total fraud. I'm sure that if there are any shorts around .7 they are covered. Lets hope no more stock comes out of the woodwork so this thing can make a real move.
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