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Biotech / Medical : SANGUINE CORP. (SGNC) -- Ignore unavailable to you. Want to Upgrade?


To: macker who wrote (1385)6/19/1998 11:05:00 AM
From: Gwolf  Read Replies (1) | Respond to of 5402
 
I can't comment on Institutional buying but I can on retail brokerage buying. There are many Regional Stock Brokerages around the country that do not follow or recommend the large cap stocks. These companies specialize in the small and micro cap stocks. Their clientele are risk oriented people looking for the embryo type stocks that they hope will become the next Microsoft.

I know several people that have connections with these houses that tell me they are strongly looking into SGNC since the volume has exploded, the company has news and they are fully reporting. They have told me that the firms are currently doing DD and like what they see so far. Several of them told me that the firms will most likely be putting out buy recommendations to their brokers as early as next week. If we do in fact get these regional retail brokers soliciting the stock this could definitely push the stock to higher levels.

Gwolf