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Microcap & Penny Stocks : Liteglow (LTGL)
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To: CAPT.DAN who wrote (2389)7/8/1998 10:46:00 AM
From: JONK  Read Replies (1) of 4715
 
CAPT.DAN,

You may be right about the run. Typical..Walk the price down,
Investors get frustrated and bail out, MM's pick up more cheap
shares, news comes out, they make a few pennies on big volumes,
and then walk price back down and do it again. With the number
of shares (100m or ?) seems it may be difficult for this stock
to do much else. Earnings surely don't reflect an end to this
cycle at present given the number of outstanding shares. Company
could buy back at these prices but then maybe they would just
turn around and sell again with news releases and continue
the cycle. Thoughts?

Jeff
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