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Microcap & Penny Stocks : HIPC - up 20% (Record 4th quarter projected)
HIPC 1.120+2.8%Jun 5 5:00 PM EST

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To: mannyj who wrote (129)12/26/1998 6:19:00 PM
From: Bwe   of 213
 
mannyj,

Tax loss selling probably not helping out here. HIPC on my mind today as I received a pr piece in the mail on the company in a publication called the "Wall Street Reporter". Used to seeing Larson or Friend as the figurehead of the company but now it's Gary Smith. The shares have been nothing but trouble for anyone holding the stock (god knows I'd like to hear a good reason or two why anyone would want to own it) for the past 5 years:

5 yr return: -62.9%
3 yr return: -65.3%
1 yr return: -45.7%

Needs $2.50 to break the Bearish Resistance Line and give a buy signal to confirm the break also at that price. Otherwise, on the p&f chart, it's a crapshoot. $1.25 would be another confirming sell signal, but if someone believes a buck fifty is going to hold, then the stock can move to the BRL. Not with my money, though.

Have a Happy New Year!

Bruce

PS: Why don't you come by the p&f thread. Many wonderful contributors and p&fer's are few and far between. Come and join in, mannyj.
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