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Microcap & Penny Stocks : NYRR,What is going on? -- Ignore unavailable to you. Want to Upgrade?


To: Wayne J. who wrote (3573)12/3/1998 11:36:00 PM
From: Dwayne Hines  Read Replies (1) | Respond to of 4304
 
Good shot, Wayne! Hey, if you happen to have another dream that involves Jack, have him provide his predictions.
I also like your idea of having those who make predictions state why. My reasons for my .50 1st quarter/ $1.25 fourth quarter are:
I think NYRR will probably get the funding via a grant for infrastructure improvements. As a grant, it is free money. Improving the infrastructure will facilitate more traffic, which will play hand in hand with the increase in contracts that they will be receiving. They already indicated that the cocoa shipments are up. Now with the NS/CSX involvement, and lots more money on the way (per the most recent press release), I think their net income will greatly increase. And more and more people are becoming aware of them, which will also put on an upward pressure on the stock. I think the next surge will push past .50, and then a later surge will take it over $1. I think Jack thinks the same thing.
As to how many shares have to trade, I am not sure that your numbers are in the ballpark due to some posts in the beginning days of this thread that indicated that a good portion of the shares were restricted, which means more of an upward spurt when it does go.