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Microcap & Penny Stocks : ALFN - Toy Store On The Internet

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To: dusty who wrote (22)2/6/1999 11:59:00 PM
From: David in Ontario  Read Replies (3) of 2136
 
Hi Bill - still need to do some more DD on this one. Read in an earlier post where the float is just 800k - yet volume was 2.7M on Friday (I'll need to confirm the size of float). I'd also like to know what triggered the volume surge on Friday - last News was a while back - could be substantive or just a rumour - if it's the latter - it could come down as hard as it went up.

I normally don't put a pre-open order in for momentum stocks - better to let the post-open frenzy eat through the Asks which can increase rapidly - only to then retrace after the buying has cooled off a little - and hopefully climb steadily thereafter. Then again - may go up at the open and not come back!

As with any stock - need to keep my eyes open.

David.
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