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

To: Dan Duchardt who wrote (1881)	8/6/2001 8:03:58 AM
From: Arthur Tang	Read Replies (1) \| Respond to of 1911

In the case of AMES, it is clouded by the market makers' shorts. All time high at 5.5 million shares that can not be bought back; so they keep on pulling it back to try to settle the shorts. If we know that they will try to buy back, when profit is taken; then $6 maybe be a target again. The fundamentals are in favor if AMES can get pass October and make the traditional profits in December. Good Luck on this investment, you will need it; because the present management can give away their stores by pricing the merchandise too low, even though their direct competitions are gone. Walmart and Target have not put stores around AMES yet. Around AMES stores, the dollar volume can not support Target or Walmart store.