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


To: Arthur Tang who wrote (1861)7/2/2001 7:39:38 AM
From: Arthur Tang  Read Replies (1) | Respond to of 1911
 
The volatility in the market on AMES stock is caused by daytraders. Most of them are on the Yahoo board. Their interest seem to be trading several times a day, scalping the market makers, online. Some are hyping the fact that there maybe mergers, or stores are doing well on 2 day sales events. Some mentioned AMES CFO bought some stock.

It also seems like the online brokerages' software are hungry for commissions and will take any offer of substantial cash.

However, from their posts there maybe an effort by AMES to add merchandise in smaller older stores to achieve denser displays. And they may also go back to restocking faster. Those ideas were done in 1996.

Good luck on this investment. Hopefully the management will pull together and do the impossible as they had done it before in 1996.



To: Arthur Tang who wrote (1861)7/13/2001 6:10:48 PM
From: Bosco  Read Replies (1) | Respond to of 1911
 
Hi Arthur & all - just passing by. I was burnt by Hills and other retailers, so I stayed out of retailers [but then, right now I am suffering 3rd degree burnt in techs, but I stay! Addiction <g>?] So, I lucked out by not getting tempted into BRAD before it went Ch 11. But I have digressed. One of my funds, LM Oppty Trust has [had?] AMES, so per chance I check it out today. I noticed that Janus [I also have a slew of Januses, including Strategic Value] might be the one dumping the stock

biz.yahoo.com

and

freeedgar.com

So, does Mr Decker [Janus mgr for SV and SS funds] know something we don't? And did Mr Miller [LM mgr for Value and Oppty Trusts] unwind his?

best, Bosco