Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : Ames Department Stores (AMES) -- Ignore unavailable to you. Want to Upgrade?

To: Market Tracker who wrote (998)	3/9/1998 2:22:00 PM
From: Arthur Tang	Read Replies (1) \| Respond to of 1911

Thank you, Gary. We have to be very careful on this thread not to set an upper limit of expectation. Too many followings read but do not post. Dow continues to go up to compete for money going to Europe and Asia. 401k money is still coming in. AMES will continue to go up; unless some one sounded like the expectation has been reached. That means some one will sell to some market makers. I had to correct Andy about his expectation of $18/share. I am upping the move to $24/share. I know market making, and have done one, moving from $2.5 to $8.5/share without any fundamental news, and the company was in bankruptcy. It was Wang Laboratories, in early 1992. After bankruptcy, Wang is now quite healthy. Earnings some time just limits the market making potential. But for a deep discounted stock such as AMES, it will take some doing to get it to the same P/E ratio as the rest of the industry. This year before May 15, we have a very good chance, because the market will broaden.