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Microcap & Penny Stocks : CRYOPAK CII.V
CII 23.24-1.1%Dec 12 4:00 PM EST

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To: John M. Allen who wrote (109)12/1/1998 10:51:00 PM
From: Brian MacDonald   of 298
 
John,

It traded OK today. No big flash up and down - just solid base building at new high trading levels. If CII can add one or two more contracts to this one - and that should not be a problem now that a major airline is willing to use the product - we should be at much higher levels by then. In the meantime, I expect we will see a steady climb from these levels with the occasional spurt caused by some trader(s) wanting to get a decent size position before it takes off.

We should certainly be out of the 60-70 cent range from now on, as we have now closed at the new high on two consecutive days and on very good volume with many orders late in the day for 10,000 or more shares. Based on this, the next price objective should be over $1.00, if I read the chart properly - see:

chart.canada-stockwatch.com

Brian
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