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Microcap & Penny Stocks : MIDL .... A Real Sleeper -- Ignore unavailable to you. Want to Upgrade?


To: Ed Hoftell who wrote (2610)7/22/1998 9:18:00 AM
From: TJG  Read Replies (2) | Respond to of 7039
 
For arguments sake lets assume that 30% of the shareholders of P received their spilt shares. On top of that, assume that 50% sold those split shares to realize at least some "return" from their original MIDL investment.. Considering these factors we saw the price of P go from around $7.50 to $3.. OK, now, what can we expect to happen when the remainder of P shareholders receive their split shares? How much further down can the price of P go?
I know that ASSUMING anything, especially in the stock market, is not a particularly intelligent thing to do. However, I thought I'd toss this out to see if I'm just blowing smoke up my own pant leg or if we can expect pricing to continue to decline? Of course this all hinges and not withstanding of the shell being entertained by a "filling" component..

Something to consider????

TJG