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Microcap & Penny Stocks : CRGI... (Creative Gourmet)... The DD. -- Ignore unavailable to you. Want to Upgrade?

To: kbert who wrote (298)	7/29/1999 11:52:00 PM
From: outofplumb	Read Replies (1) \| Respond to of 411

I see some real problems here and hope someone can convince me that I'm wrong. First problem is this news from yesterday: they just retained auditors? And they expect the auditors to be done when? And what the hell have they been doing all this time? These guys, to judge from past history and their apparent reluctance to look out for the interests of their shareholders, will not be in any more of a hurry than ever. CRGIE anyone? Second problem is the chart: I know lots of people say you can't TA these stocks but there comes a time when the chart has got to be looked at - like where there's no buying and no interest in the stock. It would take big news to move this thing. Broke through support at .25 to .26 and the chart was a classic over the past couple of months before then. When that pattern breaks out on the down side, not a good sign. Third problem, related to the first two: was there a single share bought today, or were they all sells? Look like sells to me. I'm not ready to bail quite yet, but I've definitely broken my own rule for how much of a loss I'll take. I'll hang around because of what are supposed to be sound fundamentals, but who knows what the story is on that without an audit. Prediction: continued slide, gets the E added, ultimately makes a run that leaves me at a smaller loss than I have now. Any of you CRGI longs feeling more optimistic?