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Microcap & Penny Stocks : NASI (North American Scientific)
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To: Dale Jay who wrote (17)2/25/1997 6:35:00 AM
From: Cuong Huy Nguyen   of 24
 
I noticed from past trading that if the stock opens up dramatically up from
the previous day's close that the first hour or two is the worst time to buy
unless your the one who gets it at the open. The price stays up in the
intraday high range until total volume gets near or past the previous days
volume. Don't know why. I think it might be because yesterday's buyers are
the ones selling today for a quick profit, and when that dries up you have a few
of today's buyers panicking and selling back what they bought, thinking they paid
too much or that the run is over. Once the stock comes down to an acceptable
range, people who previously took profits, or new buyers who had the patience to wait
will come in and pick up the shares at a more reasonable price -- after the initial
"buy" panic-run-up, and the ensuing profit-taking has taken place.

The stock will probably be trading within yesterday's high-low range for the next
week or so, so don't panic and sell if it goes down a little, and don't panic
and buy because your afraid to miss the boat.

Based on fundamentals alone I think the stock is still cheap so don't worry too much
about intraday volatility. It will probably go up to $6 within a month and, then plateau
for another month, and go up $2 per month thereafter, Until it reaches around
$10. This depends of course of how well the company meets our expectations.

A good price to buy today if it gets back down to it is $3 3/4 - 3 7/8. I'm holding on
to my shares until it reaches $10 and I think others are holding their's long term as
well so I wouldn't expect it to go down below that range.

Happy trading/investing.
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