Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ADOT - BIOMODA: Profitable Technology with Purpose -- Ignore unavailable to you. Want to Upgrade?

To: walleye who wrote (1241)	7/7/1998 12:44:00 PM
From: normann	Read Replies (1) \| Respond to of 4650

I hear there will be a release tomorrow about lung check results. I accumulated some yesterday and this morning. Apparently great news. This could be where the volume is coming from. However my source last time was accurate as to the announcement but very early in the matter of timing. Anything more I will pass along.

To: walleye who wrote (1241)	7/8/1998 6:19:00 AM
From: american dreamer	Read Replies (1) \| Respond to of 4650

I think I understand why all the volume and no upward movement. In 1997 the company first sold 1.4 million shares as $.14 and in December they sold another 4.9 million at $.16. Although it doesn't say, my guess is it was done on a 504 since it raised under $1 Million. Regardless, the volume on the stock began in February and the downward trend, although slight, began. That corresponds with a significant increase in "negative volume" for you chartists. So with a possible overhang of over 6 million shares under $.16, I would imagine you will have to wait a considerable amount of time to see this stock achieve significantly higher levels without a lot more volume or unless the investors change their current strategy of liquidating into volume created. Just my observations as a non-shareholder but one who is very familiar with the inner workings of micro cap companies and the market.