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Microcap & Penny Stocks : CHRONICLE COMM. (CRNC)GREAT NEW CO. - ONLY 900K FLOAT&
CRNC 11.74-3.0%Jan 16 3:59 PM EST
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To: neverenough who wrote (68)10/26/1998 5:36:00 PM
From: myturn  Read Replies (1) of 694
 
Can anyone tell me what happen the last 30 minutes of trading?

The bid/ask is definitely more realistic and will allow for more anticipated buying to come into the stock in the coming days.

I have been informed the large spread is because CRNC is a relatively new company that has seen very little trading up to this point.

Once we get continued buying coming into the stock; we will begin to see a steadier climb with more liquidity.

A source close to the company says there are very few shares to be had and that is why we are seeing the big swings in price.

As long as we all continue to remain patient and not give into the MM's and go chase another stock, I truly believe we could push CRNC up to the $2-$3 range in the short term.

An example of a stock that traded in the 3/8- 1/2 range for about 2 months was CLWK. One day it broke out and had hit recent high of $4.00. It is now back down to around $1.50, getting poised to make it's next run.

We may have the same kind of stock here with CRNC. Once we get the shares, what few shares there are out into strong hands; we could easily trade in the $2-$3 range for some time.
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