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

To: James W. Bradsh who wrote (1429)	7/23/1998 12:14:00 PM
From: Sterling	Read Replies (1) \| Respond to of 1800

Good press boost. Glad to see that someone is reporting the favorable news from the recent Technology Investors Conference in DC. The numbers imply a significantly higher share price to me. With such a small float as well, only 11.1 million shares, it is hard to see how the current price could absorb much buying without trending higher in large gaps. I know it is counter-intuitive to many investors that a stock price trading near its 52 week high is a good area for growth companies, but I just reviewed the apparent value in some of the oil stocks trading at or near their 52 week lows (and making new lows nearly everyday). On the surface some of the oil stocks' PEs look good, but I wonder how much forward earnings acceleration there will be. Compared to CYI moving strongly into the growth arena the shares look much more like they are gathering strength rather than ready to topple due to excess bidding.