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Microcap & Penny Stocks : CYCOMM (CYII)-on aquisition trail -- Ignore unavailable to you. Want to Upgrade?


To: Ahda who wrote (1391)7/15/1998 1:24:00 AM
From: Robert Morrison  Read Replies (2) | Respond to of 1800
 
This accumulation every morning is building the foundation for the next push up (except for the little trickles down during the day).

As far as announcements go I wonder if Bud Hawk is holding back to see what any institutional investors will do after his presentation solely on the merits of his presentation and to give them an opportunity to get in cheaply as these are the kind of long term shareholders he wants on the books to tighten up the share register.

There's not much point in walking up to the podium to sell a bargain stock if you just made the price double with an announcement to the market a few hours earlier only to have prestige investors buy in at a high and immediately make a book loss due to profit-taking by small investors. It would make more sense to simply let the price rise as institutional investors bid against each other to accumulate stock.

I don't think Bud is going to promote the stock until shortly before 3Q except for maybe a little announcement before the 2Q loss is announced just to keep everyone's chin up.

Who knows what will happen but any comments on this strategy?

Rob