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Microcap & Penny Stocks : MegaWorld Inc. (MEGW)

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To: Vegas who wrote (748)8/24/1998 11:51:00 AM
From: brodway   of 1058
 
Vegas.........
I had the same thoughts this morning. Such incredible corporate news, and the stock has not responded in a similar fashion. Then i realized, after reading the release, that this was a Business Wire announcement, and not a Dow Jones release. Obviously, it then started to make sense. Most market makers, traders and professional investors, rarely get Business Wires. The majority rely on news services such as Dow Jones and Reuters.
I would think that once this news hits the major news wires, we should see some nice activity in the stock, and the 4+ price should not be a major obstacle.

Hope this helps,

Brodway.
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