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Microcap & Penny Stocks : Madera International - Symbol WOOD -- Ignore unavailable to you. Want to Upgrade?


To: HQ who wrote (248)1/13/1999 12:15:00 PM
From: Richard L. Williams  Read Replies (1) | Respond to of 1979
 
Hi, Jeff--
When I said that we're likely seeing some margin calls affecting WOOD, I did not mean on this stock directly. But it has been an effect I have seen in other small stocks--when the big stocks tank, people that have bought them on margin and get a margin call will sell, or be forced to sell, other issues that they own for cash to cover the call.

So, people may be selling WOOD that don't really want to...but the effect is the same.

Looks like WOOD is getting some support...I am hoping the numbers will be out soon. The reality of what a buy this stock is will be made crystal clear, I would guess.

Cheers!
Rick