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Microcap & Penny Stocks : Magnesium Technologies Inc. - MGTK
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To: Benny-Rubin who wrote (19)5/9/1999 12:47:00 AM
From: Loren S.  Read Replies (2) of 53
 
I will post a similar message I did on Raging Bull. I now believe this stock has the potential to be a huge winner. Not only do they have exciting products and potential, but the stock situation following the reverse split is almost perfect for those who held onto their ECOI shares previously. We now have a float of only 800,000. All of these shares are held tightly by die-hard ECOI folks who had the discipline to hold through a dreaded reverse split to see what would come of the new company. (I personally unloaded a lot of shares and now I sincerely regret doing so.) 100,000 shares traded on Friday doubled this stock in minutes. If we get news or any kind of investor interest in the stock, it has the potential to multiply many times on minimal volume, because the shares just aren't available. The MMs will inevitably try to play games with the shares by running the price up and down to shake out the weak hands. But if existing shareholders hold their shares tightly, this stock has the potential to multiply many times. And if we get some news about distribution agreements and new products utilizing their patented magnesium technology, and investors come into the stock in hoardes, all bets are off on the upside potential of this stock.
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