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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?


To: Stitch who wrote (45)5/10/1998 7:30:00 PM
From: Mohan Marette  Respond to of 12475
 
Ref: MMCN

Stitch:

In case you are interested keep an eye on this company- MMCN.The lockout period for for insiders has just ended in latter part off April,I was expecting a massive sell orders from insiders but so far I could find only 3-4 people who has filed SEC 144 for a total of 300k shares.I don't have the stock yet but I thought I let you know anyway.The only thing that is holding me back is this insider sales but so far so good,in the mean time the stock is going higher on larger than average vol.I might take a small position and see what the heck happens,but don't know yet.

BTW: Both Deutsche Morgan and HQ has recently started covering MMCN,the former with an 'accumulate' and the latter with a 'buy' rating.Let me know what you think ok.