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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: Harry_Behemoth who wrote (424)10/27/1998 4:21:00 PM
From: Wayne Rumball  Read Replies (1) | Respond to of 11130
 
No clue what's going on, just saw the thing sitting at 0.21 and volume coming in, looked like it was ready to go. Played this one back in August at higher levels.

Looking for 10 cent move, hopefully up :-)



To: Harry_Behemoth who wrote (424)10/27/1998 8:06:00 PM
From: Wayne Rumball  Read Replies (3) | Respond to of 11130
 
CDNO, if you want some info you'll run away.

Anyway, here it is;
Negative book value, bleeding money faster than they can issue shares

Positive side, for some odd reason a bank gave them 20 million I think to buy another company. Why anyone would do such a thing I have no idea.

Maybe its a dead cat bounce or maybe its a dead dog pump.

in Anycase if the ask gets to 0.20 head for the hills.


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