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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying
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To: Capt Ron who wrote (422)3/15/1999 5:25:00 PM
From: Tom Hua  Read Replies (2) of 1305
 
Ron, today's runup is due to the upcoming Flashnet IPO. Juno just filed S-1 last week, so it won't priced for a while. WCAP has only 140 k shares of Worldgate, a small potato compared to its holdings in COOL when wcap ran right before COOL IPOed. Daytraders are not going to hold WCAP and wait for JUNO. It will spike again approaching the JUNO IPO date.

Regards,

Tom

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