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Microcap & Penny Stocks : JAWS Technologies - NASDAQ (NM):JAWZ

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To: 24karats who wrote (1354)12/4/1998 10:46:00 PM
From: Phantom Dialer  Read Replies (2) of 3086
 
Why did it tank?...

The explanation is quite simple...there were more sellers than buyers

I don't know if you will ever be able to buy it at 20 cents again though...I figure that there are alot of people out there who "flipped" stocks like AOL, DELL, AMZN, YHOO bragged about it and then feel sorry they bailed out...

Take a look at the technology, I believe that it is the best out there right now (and unless someone can prove it wrong by cracking it I will continue to believe that) and I believe that once the ball get rolling with contracts we can truly forget about the disastrous financing plan etc and concentrate on looking ahead to the future. It's gonna take some time, but I am willing to set aside some time and money, (if only to watch it go to zero) but at least put it in a high-risk/high reward company that has a technology or product I can understand, use and substantiate its worth....

If they come ANYWHERE close to 75 million in revenues as the CEO mentioned in the Year 2000, you'll be sorry you sold at 55 cents when the stock is trading around $30....(see my calculations from a previous post to see how i derived those #'s)

Happy trading

Phantom Dialer
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