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Microcap & Penny Stocks : YOUR FAVORITE INTERNET PICK..... AND WHY ????? -- Ignore unavailable to you. Want to Upgrade?

To: blackcash who wrote (39)	12/20/1998 12:07:00 AM
From: Stock Watcher	Read Replies (1) \| Respond to of 962

B - no pun intended, but GGNC, the "gaming/online casino" is a great stock to play on the Bulletin Board - if you're a true gambler. The stock was drifting along at .25 until recent press releases announced: "an aggressive marketing campaign throughout Asia (especially China)" to open online casinos and sports bookings. The stock shot up to $3.45 and has been easing down ever since. Last quote: $1.75. The chart reads that GGNC has not found price support after its recent run-up. One thought is; until GGNC bounces up at least twice from a lower support level - the word is...caution. The last press release on 12/16/98 is very exciting and they sure know how to get people all pumped-up. Investors, however, who bought at $3.45 per share are not so pumped-up right now. Daily volume was healthy on Friday 12/17/98 @ 1 Mil shares traded. The question is: can the share price of $1.75 hold up ? or, is the stock still falling ? Please watch for that "double-bottom" which should form a solid support level, and then let's talk some more. GGNC, however, is a really interesting speculation just based on the huge Asian population and management who seem to understand this specific market......keeping an eye on this one....