Rande Is. . .FISHING. . [under $1.50] Message Board

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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50]

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To: Bucky Katt who wrote (95)	1/5/1999 12:32:00 PM
From: ~digs	Read Replies (1) of 4766

Yes William, GRDN's float of 100K is what caused the run from 1/3/8 to a high of 3/13/16 in less than three days last november. That run seems to have been caused by an unexpectedly good filing. bigcharts.com IMO, here is what initiated that run: biz.yahoo.com GRDN manufactures and distributes soft armor products, primarily superior quality ballistic protective vests, for law enforcement officers, armed forces personnel, and other individuals or groups requiring protective equipment. For the nine months ended 9/98, revenues increased 73% to $1.3 million. Net loss fell 63% to $280 thousand. Revenues reflect an increase in sales through the Company's contract with GSA. Lower loss reflects a decrease in sales consultant costs. It appears as though some people were chasing it once the stock reached about $3 back in November. After the daytrader sell off, these people were left holding the bag. They appear to have subsequently sold for a tax loss towards the end of '98. I personally think it has been oversold, and am hoping for an earnings surprise. (Nobody knows for sure though, do your own DD.)

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