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Microcap & Penny Stocks : APPAREL TECHNOLOGIES, INC. (APTX-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?


To: pass_a_pint who wrote (280)7/31/1998 1:38:00 PM
From: Steven Messina,L.M.T.  Read Replies (1) | Respond to of 517
 
I know...I just picked up another 5K shs at 1/8!! As far as I can tell, APTX is going down on low volume.

A stock tanking on low volume coupled with no news = manipulation, imo.

You've heard it time and time again, "The MM's are shaking out the weak so they can accumulate on the cheap". I too am tired of hearing the same old BS everytime a stock declines in value, but hey it's true.

We havent had news since June 30 and we are overdue. APTX usually issues a statement monthly, on average. The 3M printer evaluation is/was due out, but APTX gave a ninety day timeframe (estimate). Investors (Daytraders) utilized this "90 day expiration date" to pump up the price of the stock. APTX did not/has not issued a statement regarding 3M. If/when they do, we should see higher levels.

I laugh at volume under 200,000 shs.

Hang in there.

Averaged in like a phat cat 30,000shs LONG at .12

Steve