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Microcap & Penny Stocks : ComGen Corp (CGEE) -- Ignore unavailable to you. Want to Upgrade?


To: lee cheung who wrote (42)1/5/1999 1:17:00 PM
From: Larry Panik  Respond to of 121
 
If it is true that there are shorts the stock is acting accordingly. I have noticed the opening for the last few days are sells at the bid but then no follow through. Very typical of shorts trying to cover. The psychology is to scare the public into selling. Unfortunately for the shorts it has not worked. No volume of selling has come in. Why you ask? There just isn't enough shares in the float and the holders of the stock believe in what the company is doing and the company has a "real" business unlike other BB stocks. That in itself is the biggest reason why this stock will advance. Also why at the $4 range? Easy this is where the private placement capital was raised. Simple! This stock is a buy in my opinion at $4. BIG investors don't expect to make only 25-50% on their money. They are looking at larger returns. BUT please don't take my word! Call the company and do your own investigation yourself. It is well worth the call.
Larry



To: lee cheung who wrote (42)1/5/1999 1:21:00 PM
From: Larry Panik  Read Replies (1) | Respond to of 121
 
Well it looks like the shorts are getting their way for now. The pressure is on. Let's see how powerful they are. But notice that the bid is dropping with the sale being on the ASK. Nothing has taken place at the bid. The MM are covering. Now the big question is how much do they have to cover.
Larry