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Microcap & Penny Stocks : MegaWorld Inc. (MEGW) -- Ignore unavailable to you. Want to Upgrade?


To: Vegas who wrote (748)8/24/1998 11:34:00 AM
From: Emec  Respond to of 1058
 
Tough to predict how a BB will react. Once we move to Nasdaq, the value of the company will be reflected in the stock. Also, I imagine folks will be digesting it and PR firm will start talling to people



To: Vegas who wrote (748)8/24/1998 11:51:00 AM
From: brodway  Respond to of 1058
 
Vegas.........
I had the same thoughts this morning. Such incredible corporate news, and the stock has not responded in a similar fashion. Then i realized, after reading the release, that this was a Business Wire announcement, and not a Dow Jones release. Obviously, it then started to make sense. Most market makers, traders and professional investors, rarely get Business Wires. The majority rely on news services such as Dow Jones and Reuters.
I would think that once this news hits the major news wires, we should see some nice activity in the stock, and the 4+ price should not be a major obstacle.

Hope this helps,

Brodway.