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Microcap & Penny Stocks : CYCOMM (CYII)-on aquisition trail

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To: Ahda who wrote (1476)8/6/1998 12:20:00 PM
From: Sterling  Read Replies (1) of 1800
 
As you watch the daily prices,

it sounds like you are waiting for the next opportunity to buy shares again. Be sure to make a mental note that Mr. Hawk said another research analyst is expected to publish a report on CYI in about a month or so. Also, CYI is considering revising their sales reporting policy. As you know, they currently only report contracts in excess of $1 million but do not report the follow-on sales or open ticket sales. I think this is done to build the business while keeping a low-profile. In this case silence is a sign of strength rather than worry.

Right now the CYI chart is in an oversold area. That only means that by momentum measures of recent trading activity the current share price has been exaggerated to the downside. It can continue in this low area for an indefinite time, but when the trend starts to turn up it will be fairly sudden. That is logical if you think about it since news releases or other reporting events will have a quick impact.
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