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Microcap & Penny Stocks : GIFS
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To: Hawkmoon who wrote (2222)2/13/1997 8:17:00 PM
From: craig crawford   of 8012
 
Ron: I'm not saying that no one had a loss with GRNO, I'm just saying that you and others don't have a loss anymore if GRNO is making new highs (at least 52 week highs). Investors are much more relaxed and not so anxious to sell when their stock is making new highs. When somebody buys GIFS at $2 and it starts going up they get scared around $2.50, $3, $3.50 because they know many others have bought at these prices and are looking to get out. If the stock stalls at one of these resistance levels for a few days investors start to get antsy and start dumping. GIFS is getting harder and harder to trade due to this problem. If investors want to make money trading penny stocks like these they should look for companies that haven't had a major run-up yet. The problem is that without a major run-up they don't get noticed. So if any posters here want to trade penny stock ideas that have been sitting stagnant (no more than 20% range) that would be great.

BTW, What does Mr. Rhetorik mean by 'some' have been bought back?
10 Shares? 10,000? 100,000? Why won't they release the specific figure? Also, they don't think that their stock is worth re-purchasing above $2? If GIFS is so undervalued, then buying at $3/share would bring returns in faster than trying to turn around near bankrupt companies.

C.C.
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