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Microcap & Penny Stocks : FAMH - FIRAMADA Staffing Services -- Ignore unavailable to you. Want to Upgrade?

To: Rick Edmonds who wrote (552)	12/29/1997 12:06:00 PM
From: Brad	Read Replies (2) \| Respond to of 27968

Rick, Welcome to the thread. It is quite common for IPOs (Initial Public Offerings) in OTC:BBs to come out at certain level, move up slightly, and then decline significantly. Declines in OTC:BBs happen most often (in my opinion) because of the excessive shorting by marketmakers. It really puts the pressure on OTC:BBs to perform. Because there are so many that don't, the MMs have a pretty safe bet. But take a look at the 50 Day Moving Average for FAMH (the red line) on the following chart: moneynet.com IMO, it looks pretty good!! Best wishes, Brad