CHRONICLE COMM. (CRNC)GREAT NEW CO. - ONLY 900K FLOAT& Message Board

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Microcap & Penny Stocks : CHRONICLE COMM. (CRNC)GREAT NEW CO. - ONLY 900K FLOAT&

CRNC 9.840

+6.0%

11:07 AM EST

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To: myturn who wrote (51)	10/23/1998 8:27:00 PM
From: Jim B	Read Replies (1) of 694

we would have been over $1.00 today but the MMs wanted to keep a 20cent to 40cent spread all day long... I was actually surprised that we got as many buys today as we did... 3 thins will move the stock higher imho 1) MMs tighten spread up to encourage trading 2) Short covering if there is any 3) more exposure on this company and it's investment possibilities -- this might also be helped by some news from the company I don't anticipate news right off early next week.. I would think that the company would want the stock to continue trading as it is and for more exposure to take place while they work on the final touches of current operations... maybe they will release it mid to late next week or whenver they feel is the best time to get the most bang for th e buck... some question WHY the timing of a press release would matter? news is news.. either you have something to say or you don't... that's true.. but with penny stocks.. you aren't being followed by the media... nor brokerages.. nor any fund managers.. and what little exposure you do get, you want to maximize it... this is why I think they will wait and put out news into favorable conditions as I'm sure they are watching the way the stock is trading... they might even be calling the MMs and questioning their trading over the last 2 days... still, the best way for this one to move up is going to be STRONG BUYING pressure.. people holding what they have and accumulating and the company putting out solid fundamental news to support higher prices.. have a great weekend all... looking forward to mid to end of next week... should be a great week all around.. we almost hit $1.00 today... but only because they opened at .56 x .93 and then had to move the ask down the rest of the day to bring in some buying on the ask side... for some reason they wouldn't raise the bid... looked as though they tried to induce selling ... but didn't work really... what is this??? 5 days up in a row?? anyone watching? jim

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