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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: WVMayor who wrote (26185)	6/18/1998 2:40:00 AM
From: Chris O'Keefe	Respond to of 34592

PRWT -- I'm right with you Mayor... If you think about it, the stocks current explosion is about 10 months in the making, right? The header for the PRWT thread mentions the Oct 17th, 1997 PR that got everyone so excited back then ["Purewater Sciences International, Inc. (PRWT OTC) and Visual Interactive Phone Concepts Inc. (Visual) have agreed to merge."] Now, this talk about a buck a share. My thought is that with 765 million total shares, $1/share represents a $765 M market cap. Going from approx. zero dollars to 3/4 of a billion dollars growth in one year? That's very hard for me to fathom, and therefore I am inclined to rule it out (as of this writing anyway) as too improbable. Then the question becomes, "What is a good (read: realistic) exit price for PRWT?". That's a toughie. One can find a lot of reasonable people mentioning numbers under .20/share. However, an email called "Penny Stock Man" is putting a target at the .30-.35 range. Personally, anything over .40 (if the stock goes that high and if I can hold out that long--two big ifs) will probably be too much for me to hold back on, even if in my dreams I see myself cooly watching the price go higher. But this is all guesswork--I really don't know. I guess the bottom line is we wait for some PRs to come out so we can all get a better picture of what we're really dealing with here and go from there. --Chris