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Microcap & Penny Stocks : WINR-Secure Banking to Global Internet Gaming & E-Commerce -- Ignore unavailable to you. Want to Upgrade?


To: StocksMTTM who wrote (4010)1/19/1999 1:01:00 AM
From: swedelo  Respond to of 6545
 
Mr. MTTM,

I very much disagree with the statement "to many day traders". Quite to the contrary, it is my opinion having watched this company and this thread for a year now that probably close to 75% or more of the float is tightly held by a relatively small (less than 150) amount of long term investors like myself. This means to me, that until we reach a substantially higher price, the effective tradeable float is approximately 1-1.5 million shares. Each day this stock trades 500+k shares takes at least another 100-200k out of traders hands and into investors hands. I think the float is getting very tight very quickly indeed.

Is there cause for concern? Depends on what your concern is! I have ridden this company from .50 to 1.05 to .40 to 1 5/8 to .72 to 3 to 1 5/8 and now to 2 19/32 and at no time was I ever "concerned" as I have always been long. Short term who knows what will happen, I certianly don't, but long still looks very strong to me!

Best Wishes,
Swedelo



To: StocksMTTM who wrote (4010)1/19/1999 7:26:00 AM
From: Bruce Bland  Respond to of 6545
 
Mr. MTTM,
May I add: 1)there has been a very limited hyping of WINR, 2)very conservative releases from the company, and 3) fairly well-defined support and resistance levels, that have kept the daytraders at bay. Other than the day it popped to 3 I think the daytraders have been disappointed in this one. There are too many others that fit their style better.
This informally offered as my humble opinion by just,
Bruce