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Microcap & Penny Stocks : Micronetics Wireless (NOIZ) -- Ignore unavailable to you. Want to Upgrade?


To: Eric Van Buskirk who wrote (100)1/29/1998 1:00:00 AM
From: Len Giammetta  Read Replies (1) | Respond to of 160
 
Eric, good questions...

I ask myself the same question regarding the volume, and recommendations made by Vectorvest and Suretrade. As far as I'm concerned the company is sound fundamentally, with good current and long term growth potential. In addition, I have spoken to the President and P/R dept of the company, and I am convinced that they are sincere in their efforts to positively effect the price of the stocks. I don't know exactly why the volume is so low. I suspect that the company needs to release more news, and perhaps even contact the market makers to keep them informed and interested. We'll see what happens as a result of the current earnings release.

Re: Indonesia... A few weeks back I decided to complete a more thorough analysis of NOIZ, it's TA and FA, industrial indices and global influences. At the time, and probably even so currently, the market was being effected by the crisis in Indonesia, more than any of the other Asian countries. Indonesia remains probably the most unstable of all presently. I believe this to have an effect on technology companies in general, although I'm no economist and may be wrong. Just for your information... as far as I know, NOIZ does do business with Asia, but mostly Korea, and not Indonesia.

I appreciate your questions, and hope I have addressed them. Don't be a stranger... it's getting pretty lonely on this site. I have a feeling that many have liquidated their positions.

PS... I have been contacted by Ms Makenzie, of the NOIZ P/R dept, and will contact her within the next few days. If anyone has any questions they would like asked, please post them and I'll attempt to get some answers. They're very receptive to investor communications.