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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 -- Ignore unavailable to you. Want to Upgrade?


To: Stephen Goldfarb who wrote (1892)12/1/1998 11:53:00 PM
From: CrazyTrain  Read Replies (1) | Respond to of 5541
 
I couldn't agree with you more. Beware as there are a lot of scam companies in the penny stocks and a lot of stock manipulation even in the "real" companies. You will find hypesters and bashers each with their own agendas. The bashers have flocked to this thread lately trying to shake the weak hands. They often do this so they can stock up on the low ball price and then pump it again. This stock saw a pump and dump several months back when it hit $.39.

It is interesting to note that MVEE went to $.39 with less than 5 million in daily volume, so all those who say it won't move with volume because of the float size are mistaken because MVEE trades more like stocks that have a much smaller float.

I would not wait around for most penny stocks but this is one of the few that I believe has a reasonable chance to break out of the pennies and eventually play in the big league. Why?

1)G&G are connected in the film business and have completed two major films (very, very, very important).

2)They have done it once before (not many can say that).

3)They are highly experienced.

4)So far they have stayed on budget (odds are good each film will make some money and sooner or later we are bound to get a mega-hit film).

All pennies are risky so never use your lunch money to buy stock.