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Microcap & Penny Stocks : AMEN Looks Pretty Good
AMEN 500.00-1.0%11:19 AM EST

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To: FredB who wrote (334)12/6/1998 5:32:00 PM
From: Chris Odom  Read Replies (1) of 627
 
The bounce up, at the end of Friday, was likely people covering their short positions, before the weekend. Many shorters like to cover their position, at the end of the day, which sometimes causes a little upward movement in the stock.

I subscribe to a newsletter - Personal Finance - written by Stephen Leeb (a frequent CNBC guest in the past) - and well respected analyst. He is switching to SELL from BUY, on AOL. He also says that if you hold AMZN, he would SELL that also. These recommendations will most likely make it a tough week for internet stocks (not to mention that the DOW is in for some trouble with the coming devaluation of currencies in South America).
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