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Microcap & Penny Stocks : AMEN Looks Pretty Good -- Ignore unavailable to you. Want to Upgrade?


To: swiss who wrote (333)12/6/1998 12:57:00 PM
From: FredB  Read Replies (2) | Respond to of 627
 
It's good to see that there was positive movement during the last couple of hours on Friday. However, if you look at the same chart for NASDAQ in total for Friday, you will see that it increased about 20 points....or half of the gain for the day. AMEN's upward movement could have been due to this general movement of NASDAQ.

I like the concept of AMEN's offering. However, the rapid rise over the holiday weekend tends to lead me to believe that most of the buying was smaller traders with weak hands. I look for more downward movement before a rebound occurs.