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Microcap & Penny Stocks : nhmcf -- Ignore unavailable to you. Want to Upgrade?

To: risk-averse who wrote (359)	12/9/1997 10:19:00 PM
From: bullmarket	Read Replies (1) \| Respond to of 702

Stock price went up nicely with large volume after the J.Freedman report came out around 11:00AM EST. This is even more impressive given the general market sell off over Asian worries (Oracle earnings disappointment being the catalyst). As I mentionned previously, being a medical supplies company to North America and Europe, nhmcf should not be affected by Asian woes. Hopefully, investors will notice this fact! Several large "buy" orders were seen while the few "sell" orders were all in small blocs. This observation, along with the fact that this stock has finished up daily the last several days, would suggest the systematic short selling that has pressured the stock the last few weeks is now finished. Previously, the pattern had been: the stock price would rise up with good news, only to be depressed late in the day with large "sell" blocs.The absence of this pattern is good news (for us longs) indeed! It would be nice if the share price continues to go up on the company fundamentals in the next few days without being "artificially " depressed by short selling. This stock should be at least around US $5-6 (in my opinion) at this time without the short selling!However, the good fundamentals/this BUY rating reiteration/ future contract announcements/renewed investor interest will mean a SHORT SQUEEZE in the (near) future. Remember, all those shares shorted have to be bought back in the future! One more thing (one more piece of good news for nhmcf investors, in my opinion): the Open House (last week on December 4) must have been impressive to those who attended as I am certain at least some of the "buys" resulted from that event. The stock price has been going up since the middle/end of last week!