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Microcap & Penny Stocks : LEAP - Innovative ad agency a bargain at $3/shr?

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To: Sandra who wrote (432)7/6/1998 1:34:00 PM
From: James Wright  Read Replies (1) of 600
 
Sandra --

I agree with your analysis about resistance, although I think there is a lot of resistance all of the way through 6 based on last April's pump and dump by TokyoMex and others. Today's action very well could be another pump and dump, but if it breaks 4 on good volume, then I think this rise may be for real.

There have been a number of "pump" posts today on various Yahoo threads, and TokyoMex posted his buy at 11:30 just as the price was hitting a high of around 3 11/16 (at least so far today). His pattern seems to be to pump well after he's taken a position, try to get a few more percentage points, then sell and leave naive "investors" holding the bag.

Please understand that I'm not at all accusing you of a pump and dump. I am generally impressed with the quality of your stock picks based on your posts on the Amigo thread. However, I simply would suggest that there is nothing to be gained from doing anything that mistakenly associates you with TokyoMex.

-- Jim
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