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Microcap & Penny Stocks : lzmcf-lasermedia
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To: Andrew G. who wrote (83)3/12/1999 4:40:00 PM
From: P.E. Allen   of 274
 
I agree with you this is a fantastic bargain at this level.

I checked the web sites, and am aware of the news and possible contracts and other affiliations that are about to occur for this company.

But I know what a gap does for a stock.

The market makers are also aware of what is going on with the stock and the company.

If you had the ability to pick up shares today that you can sell next week or the week after for twice the price would you not use your market tricks to get shares for the next big run up.

Those people that paid seventy five cents for the stock have sold their stock and taken their losses.

Other people also sold, I sold but will be a buyer early next week.

But I tell You a gap is a trap. That is my feeling.

P.S. I believe you are right that this stock will go much higher.
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