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Microcap & Penny Stocks : CODE reports soaring 1st quarter! -- Ignore unavailable to you. Want to Upgrade?

To: maxcom who wrote (22)	5/12/1998 6:56:00 PM
From: BlueCheap	Read Replies (1) \| Respond to of 33

Posted this on the Blue Cheap thread: TO ALL: Concord Energy (CODE) Current price .68 Ask. CODE reported $.15 per share NET income for six months and doubled its sales. The Cheap Investor commented that CODE should be priced at $2 to $3. There seems to be NOTHING negitive on the company. What is likely, is that there was a brokerage house which placed a BUY on CODE a couple of months ago and those clints are down 50% and likely selling to get out... Concord is due to report again soon and the projections are $.25 per share, so a worse case would be missing that and reporting another profit of say $.15 Well that sounds pretty good for a Nasdaq Small Cap stock priced at $.68 There should be NO concern about the new Nasdaq requirments of a Small Cap remaining above $1, as CODE has only closed under a $1 for two days. This new Nasdaq requirment has a 90 day clause and CODE would have 90 days to get the stock price back up over a $1.00 I am a speculator and I took a position in CODE at 23/32 as I believe with CODE priced under a $1 is an OPPORTUNITY. CODE looks like a BLUE CHEAP stock to me as it has set a new 52 week low and is reporting profits and has doubled sales. I am not an investment advisor do your own Due diligence to see if any stock meets your requirments to buy or sell. I like to BUY'M low and SELL'M HIGH....seems to work better than buying high and getting STUCK forever... Regards, Malcolm