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Microcap & Penny Stocks : Ames Department Stores (AMES) -- Ignore unavailable to you. Want to Upgrade?


To: Andreas who wrote (1632)6/9/2000 11:34:00 AM
From: Richard Mazzarella  Read Replies (2) | Respond to of 1911
 
Andreas, the stock sure does seem to be getting whacked today. Maybe its a bit overdone? I think we may be seeing shareholder capitulation today. I'm even thinking about buying AMES for a bounce at current prices.

I think that the shorts have gained control, but they eventually must cover. When people believe this stock is sufficiently oversold, they may force short covering that could be good for a quick double IMO. Any other thoughts about this out there?