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Microcap & Penny Stocks : Rande Is. . .FISHING. . [under $1.50]

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To: Bucky Katt who wrote (2287)6/4/1999 5:23:00 PM
From: Rande Is  Read Replies (1) of 4766
 
Speaking of bargain hunting, GTRC could not hold 11 today, much as it tried. I think we could see it in the single digits before it makes any substantial turnaround. In fact, if this was driven more by shorts than news, then we could see it in mid to low single digits within a week. I was not watching close enough to tell if shorts were moving it or not.

If shorts are mostly out of it, I think it will headfake hard to the south on Monday before it begins a slow recovery. . . maybe to 9 1/2 before closing at 12. But if short interest is strong or growing, it could close single digits on Monday and keep falling through the week. . .at which time, I would be looking for it in the mid-4's.

Rande Is
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