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Microcap & Penny Stocks : Delsecur or Grandeur (GDER-OTCBB) DEL-ID for Ecommerce

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To: Rob S. who wrote (159)12/9/1998 12:23:00 PM
From: Rob S.  Read Replies (1) of 384
 
This is turning into a great "buy on the dips" stock. I am holding it at least until it tests the 2.20 level - a point where some holders who saw it move down might be inclined to sell. If the news out at that time is not enough to cause it to bust through that level quickly, it may bounce off that resistance. Depending on the circumstances at that time I may hold it until it reaches around 5 where it might again meet some overhead resistance. However, I think that the VCs and insiders are looking for much higher than 5. Heck, they could have invested in a couple of blue chips if that was all the gain they were looking for. For a while it is likely to be rocky as a single investor can start the stock down on a low-volume trading day and that can precipitate selling by nervous investors. It makes sense to put in some orders with your broker at low-ball prices in case that happens.
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