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Technology Stocks : WordCruncher Internet Technologies, Inc. (WCTI)

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To: Diver who wrote (199)11/25/1998 8:04:00 PM
From: garden_man  Read Replies (2) of 488
 
Diver,

I have been playing the market for 22 years, mostly small caps. The trend in this stock right now is accumulation! If all of the traded shares were retail, then the price would be much higher. I have seen this happen a dozen times before. MM's know what's up long before us common folk. Study the charts and look at the volume. If they weren't purchasing we would be back at 5 bucks right now.

Think about it, did anyone see CNBC this evening. Internet stocks are red hot right now. This little company is undiscovered right now and the smart ones are buying and my theory is that it is a few or many of the dozen or so MM's that make a market in this stock.

When they are ready to let it scream, they will, and then watch it. Look at EBAY! Market caps for internet stocks just don't matter any more and once retail and big money come you can't predict anything on relating the stock price, expecially with small floats like WCTI has.

I am not pumping, if this company becomes reporting my little investment co-op will purchase thousands of additional shares up to $10! This is our only reservation right now. We have done as much DD as possible and what we find as very positive is the company's strong management, it niche product and no doubt a very large and growing market potential. Tell me what else do you need to be successful???

The negative we see from the very beginning is their rush to become public and list on the trashy BB! Other than that I am long to 45 or 60 bucks per share in 18 months or so with some splits during the rise!

I was most impressed with today's trading. It bounced up and down and ended even. If the volume continues to be 50 - 200 thousand per day we are on our way to launch. Keep in mind, Feb is not a long way off!

Last but not least, I own and manage two technology companies, one of which will go public after we make it through Y2k! Myself and the people that surround me make very wise investments and believe WCTI will break all ROI records for us in 99!

IMHO!!!!!

Happy Thanksgiving to all.

PS No year-end tax selling for this one, just buying (that was a pump).
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