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Microcap & Penny Stocks : BYX- Bayou Steel
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To: Jayne Furman who wrote (83)11/19/1998 9:01:00 PM
From: John S. Baker   of 101
 
As you may know, I use technical indicators to fine tune my entry and exit points on stocks I like fundamentally.

I still consider BYX to be a buy.

Alas, BYX rarely has had much Wall Street (institutional) following. lots of probable reasons, but I reckon one is that the capitalization is so small that major brokerages cannot afford to recommend it to their clients because the first few moving into it would drive the price up so high that the bulk of their customers would be left out high and dry. This is one of the problems with trolling for value in micro cap stocks -- there are precious few people one can tell about it (except here on SI, of course <grin>).

Same is true for another of my favorites, DGTC.

JSb.
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