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Microcap & Penny Stocks : The Henley Group, Inc. (HNLY) undervalued growth company -- Ignore unavailable to you. Want to Upgrade?


To: Andrew Bausk who wrote (976)3/17/1998 8:08:00 PM
From: Smart_Trader98  Read Replies (1) | Respond to of 2232
 
I think its the MM's trying to get in as low as possible before earnings come out. Earnings will determine everything!



To: Andrew Bausk who wrote (976)3/17/1998 9:20:00 PM
From: hoffy  Read Replies (2) | Respond to of 2232
 
>>>Getting back to the facts... Two positive news releases have come out and the stock price is back to where we began this thread... We were trading at much higher levels (.60 -.75) prior to latest news and then have settled back down to .38 or so... Is the NEWS NOT POSITIVE??? I thought we would start to maintain some higher bottoms... Any speculation as to why the stock price has drifted so low??<<<

While the news may appear positive I think there were some negatives in it too. For example the statement about "Meyerson being a market maker and may be short or long the stock at various times". They are investing into the company and yet they might be shorting the stock. This just sounds like they will get info on when news releases will be coming out and they will be playing it accordingly to make money for themselves. I would expect some pretty wild swings in the near future. great for traders but bad overall for the stock. A few wild swings and people lose confidence and will want to sell into any strength.