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Microcap & Penny Stocks : CYCOMM (CYII)-on aquisition trail -- Ignore unavailable to you. Want to Upgrade?

To: TKB who wrote (1146)	3/23/1998 11:08:00 PM
From: Lou Cifer	Read Replies (2) \| Respond to of 1800

Stocks go up based on fundamentals or based on hype! I bought CYI at $2 but I have a realistic target of $4 1/2-$5 in 12 months.At the moment Cycomm doesn't have any fundamentals(they have sales but they don't make any money) and of course no hype. The people from Dean Witter,Paine Webber,etc who participated in the conference call weren't analysts but brokers with a few clients in the stock who are not going to risk buying more stock for the moment,mainly because the big houses make it tough for brokers to recommend stocks under $5 that's why they all buy the blue chips. I believe that 2Q should be breakeven or small loss and 3Q should be a profit. I bought this stock for 3 reasons only and I will make money in 12-18 months.My reasons:Insiders bought 500,000+ shares @ $2,Insiders bought 500,000+ shares @ $2 and insiders bought 500,000 + shares @ $2...... From experience I can tell you that insiders don't buy big amounts of stock if the stock isn't going to go up in the near future!