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Microcap & Penny Stocks : MSU CORP-----MUCP -- Ignore unavailable to you. Want to Upgrade?


To: Jxcxjx who wrote (2098)1/9/1999 11:45:00 AM
From: Shadow  Respond to of 6180
 
Jxc,
I was joking, but you are right. The float is very low so the stock will be volatile. We have come up from .44 with only a couple of minor pullbacks. Because of its low float MUCP goes vertical when heavy buying kicks in. The reverse is also true. Heavy selling could easily reduce our value by 50% in one day. It makes me wonder what Mr Mac has in mind buying all this stock. Under current conditions he can't possibly sell even a small fraction of his holdings.



To: Jxcxjx who wrote (2098)1/9/1999 2:00:00 PM
From: Hawkmoon  Read Replies (2) | Respond to of 6180
 
Your telling me if the stock gapped up to 5 or six dollars a share your not moving any of your position

Yep....

Minus an overall market crash (Brazilian defaut.. etc), I have no reason to sell stock until April when I'll then find myself in the long-term capital gains tax bracket.

But that is very interesting information that the float is only 2.9 million. I haven't done the numbers myself, but I can't say that I disagree with them, especially after Mr. Mclaughlin piled on this past fall to lock up so many cheap shares.

There is no reason that MUCP can't exceed previous price levels should that finally bring home "the bacon" with a multi-million dollar, high volume licensing contract. And the royalty streams would provide a base for continuing income falling direct to their bottom line.

Regards,

Ron