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Microcap & Penny Stocks : Liteglow (LTGL) -- Ignore unavailable to you. Want to Upgrade?

To: CAPT.DAN who wrote (2389)7/8/1998 10:46:00 AM
From: JONK  Read Replies (1) | Respond to of 4715
 
CAPT.DAN,

You may be right about the run. Typical..Walk the price down,
Investors get frustrated and bail out, MM's pick up more cheap
shares, news comes out, they make a few pennies on big volumes,
and then walk price back down and do it again. With the number
of shares (100m or ?) seems it may be difficult for this stock
to do much else. Earnings surely don't reflect an end to this
cycle at present given the number of outstanding shares. Company
could buy back at these prices but then maybe they would just
turn around and sell again with news releases and continue
the cycle. Thoughts?

Jeff



To: CAPT.DAN who wrote (2389)7/8/1998 3:12:00 PM
From: Eric G. Erpenbeck  Read Replies (2) | Respond to of 4715
 
Capt Dan,

I couldn't resist today.... I had to buy a few more shares (only picked up 67000 shares more today). The MM were holding the bid and ask down all day... I saw plenty of buys with no movement in stock price at all............ Stock did not budge on my order at all.. Interesting to say the least. I figured its a good gamble with it approaching the 52 week low and the best quarters ahead of us.

Eric


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