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Microcap & Penny Stocks : Mako Capital Co. (MAKO)
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To: JADE who wrote (238)3/23/1999 6:05:00 PM
From: P.E. Allen  Read Replies (2) of 501
 
Well it looks like it is just you and me here talking about MAKO!!!

I looked at the chart and here is my outlook:

We had a gap this morning at the open, around eleven oclock, we came back and filled the gap. The high of seventy cents allowed all of those who bought the stock back in February to evaluate the situation and get out even or reduce their losses, that was the major sell off today plus people who bought the stock earlier this week in the low teens and twenties.

The next upper limit happened in December 98 around one dollar, we will get some more selling once we approach this dollar level and additional profit taking of day traders and recent buyers.

Based on what the company said today, we have competitive MM's trading the stock (NATC, etc) I see a move tomorrow of up to .80 and possible higher. My feeling is we have a dollar stock by the end of the week depending on the level of profit taking, etc.

In two weeks give the content of the news, new buyers of smaller lots of stock (as the price goes higher the block sizes are smaller, thus investors have to hold the shares longer to recover brokerage cost plus realize a reasonable profit) I am looking for a $2.00++ stock.

If one is smart, this becomes an intermediate investment given the internet sector that it caters to.

The key is to get your shares now.
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