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Microcap & Penny Stocks : ACRT about to move to new highs
ACRT 0.110-7.6%Dec 30 4:00 PM EST

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To: Doo who wrote (413)3/4/1997 7:21:00 PM
From: Jonathan Cleveland   of 7054
 
jeff,
I don't think that ta works well well with micro cap stocks.
Actrade was at 10.50 when we were talking and now it is at almost
13 on the high today. You have got a lot of micor cap fund managers
takeing a look at actrade and you have got taglich brothers
and other major market makers on the stock getting order for blocks
well below the bid and from an individual investor point of view
you can get hit off guard. Actrade is still not easily traded
so i would pick at it, and in answer to your question i am talking
over the last week of tradeing you have seen a hudge amount of buying
under the bid, the nasdaq is so complex so i can't tell you if
its maket makers or institutions but i guess it would be institutions.
from a value point of view actrade is tradeing below its growth rate
which is a rare thing to see in such fast growing companies.
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