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Microcap & Penny Stocks : MegaWorld Inc. (MEGW) -- Ignore unavailable to you. Want to Upgrade?

To: Alex Sharp who wrote (383)	4/17/1998 7:49:00 AM
From: Robert DeHaven	Read Replies (1) \| Respond to of 1058

I know up 100% in just 1 day is amazing but as Mr. Burns states he is a buyer up to $6...that is still only .50 pre split and right back to where the stock had traded just 1 month ago. Market makers typically short first and ask questions and buy later...usually cheaper than the short. But in this case I think yesterday was a combination of buying by investors who may know what is happening or about to happen and market makers buying to cover their previous shorts. If they don't cover and positive news hits they could get buried. This is now an extremely volatile stock. I would not be surprised to see other 100% moves until we get to @$8 At this price I still think there is 100% appreciation based on asset valuation. These are only my opinions.....invest wisely. good luck, bob