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Microcap & Penny Stocks : ACRT about to move to new highs -- Ignore unavailable to you. Want to Upgrade?


To: Ryan Plovie (Hijacked) who wrote (971)11/29/1997 1:59:00 AM
From: michael d kugler  Read Replies (1) | Respond to of 7054
 
I see a symbol denoting a possible short squeeze on this issue. Anybody have short interest numbers and days to cover?



To: Ryan Plovie (Hijacked) who wrote (971)11/30/1997 12:49:00 AM
From: DAVID C. DeANGELIS  Respond to of 7054
 
RYAN,

The inividual investor article was not the catalyst, the rise started
long after I got my issue in the mail. Individual investor picks 25
stocks each year that they feel are the "best to own" & will outperform the averages for the comming year. They & their large
readership follow the picks all year, when they first announce the list
the companies on it get a huge boost & new following. The magazine
has never mentioned ACRT until its NOV issue then again in DEC..
The new list of 25 will be announced MONDAY coincidence? probably, but if not we will see 30 again very easily.

By the way IBD lists Dfa 9-10 Us Small stock fund as a new owner of
ACRT

DAVE D.



To: Ryan Plovie (Hijacked) who wrote (971)11/30/1997 2:12:00 AM
From: Joseph J. Valenzuela  Read Replies (1) | Respond to of 7054
 
If Actrade is in the market to find someone to help them grow and raise money, doesn't this sound like a secondary offering of shares will be on the horizon?

I don't like the sound of that. If a secondary is announced, that will give you an opportunity to buy back in. However, would you want to at this point? Short-term, secondary offerings usually put downward pressure on stock price. Just supply and demand I guess. Keep demand constant and add supply... and PRESTO!

I would wait until all the distribution is completed and all the overhead resistance from the secondary is taken care of. Then watch the chart again, see the stock base, spot the increase in volume with a nice rise in price one day, and then jump in for the breakout!

Best regards,
Joe