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Microcap & Penny Stocks : The Chadmoore Wireless Group (MOOR) -- Ignore unavailable to you. Want to Upgrade?

To: TraderGreg who wrote (637)	12/10/1997 11:54:00 AM
From: William E. Harriot	Read Replies (1) \| Respond to of 1651

Greg, I wish any of us on the MOOR thread knew the answer to your question. One would think if Chadmoore felt financially strong enough to retire those shares, we have nothing to fear concerning share dilution in the immediate future. All other aspects of the company also appear positive. The only downdraft I can find, if not market makers selling to each other, is investor psychology. Most investors really don't even try to do their homework, and they just saw that a company which costs 61 cents a share just lost 61 cents a share. Not knowing anything else, would you buy it? Lacking a good story or at least good press, the stock will continue to do what it has been doing (drifting down) for no particular reason until it starts to do something else. As the stock drifts down, people will continue to sell in order to get out prior to the stock drifting lower. If investor interest picks up, people will start (and continue) to buy in prior to the price going higher. This should create a well awaited up-draft. I think we're going to have to wait for the revenues and an earnings turn around. If the salvaged portion of the license value write-off is put back in as earnings or capital gains or whatever - that should be enough to stop the bleeding. However, I think we'll need earnings from revenue to really turn this stock around. Bill