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Microcap & Penny Stocks : USA Technologies
USAT 10.56-0.2%Oct 30 5:00 PM EST

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To: Joan Sherman who wrote (260)10/26/1998 9:31:00 AM
From: Jon Siegal  Read Replies (1) of 359
 
Hi Joan, I don't believe that the current stock price is a reflection on what "The Street" perceives right now, because, and of the major obstacles that USA must still face, is that USTT is still relatively unknown to "The Street". Unfortunately, there aren't a whole lot of analysts and fund managers who are going to take a position in a OTC stock trading at 10-15 cents. Most large brokerage houses' corporate charters prohibit their employees from even recommending OTC stocks, or stocks under 3 or 4 dollars. I believe that some of the price fluctuation is due to market makers manipulating the stock price to make some quick cash, as well as some short sellers who are also having some fun as the stock price declines, even a penny or two...However, as the company continues to post growing revenues and soon, profits, the company will get some recognition, as everyone likes "undiscovered gems", and once they are profitable, USA will be that undiscovered gem.
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