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Microcap & Penny Stocks : MEGACHAIN.COM LTD (OTC-BB: MGCN)
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To: francis terry who wrote ()5/12/1999 10:28:00 AM
From: Blue Voodoo  Read Replies (2) of 191
 
todays mgcn news - a quick analysis:

1. increased visibility. folks can visit the site, get a better sense of what mgcn is about and how it plans to rake in pots of money. I also especially like their 'ethics' section - staying on the up and up in this line of work is crucial (see Hitt yesterday on the perils of not staying squeeky clean).

2. the 'slow' (by i'net standards) pace of introduction (sign ups begin in July, deals start in August) allows time for mgcn to line up many buyers, sellers, deals and clients, so they can open the business with a big splash. I Expect an awareness building news campaign over the coming weeks in which every fews days mgcn reports that some other company has signed up to do business with them.

I'm guessing the small sell off this morning is a combination of day traders dropping when the news story wasn't the ebay rumor, and mm's accumulating shares to prepare for the run up to come.

I've used this morning's dips to double my holdings.
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