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Microcap & Penny Stocks : IMMM ( I'm Mad Monk)

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To: SOROS who wrote (36)2/12/1997 11:12:00 PM
From: Mad Monk   of 1480
 
SOROS: Be patient young man. The chart has already spoken: "The financial deal was done in the last week of January." The volume has already sent out press releases to the ones who listen. To be frank with you, I'd rather see more technical strength PRIOR to breaking out. Trading too often in pennies is not my cup of tea.

Have you made your fortune in the Snake Pit number yet? I could not get a decent chart for this number. Hence I pass. I read the SYCR thread. These guys are super bulls. Now that earnings news are out and everyone expects a big jump tomorrow. But have they considered the minority view of selling on news? The chart looks good though.

Best wishes to you.

Mad Monk
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