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Microcap & Penny Stocks : IELSF-Flight to Fortune Or?
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To: flickerful who wrote (286)7/21/1998 4:50:00 PM
From: Zeev Hed  Read Replies (2) of 520
 
flickerful, as I have said,"new lows beget new lows", IELSF just hit a shameful 1.875. With a supply of more than 2 million shares overhanging this market, it will not even have a chance to participate in what is left of this summer rally. I would not be surprised if it drops to the low 1' or even under 1 in a spike like manner. If the volume then increases drastically, (like more than 500,000 shares), I may consider reentry then, but right now, I am quite happy observing the scene from the sideline.

Zeev
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