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Microcap & Penny Stocks : 1ST MIRACLE GROUP (MVEE), founders last co. went $0.20-$46 -- Ignore unavailable to you. Want to Upgrade?


To: Stephen Goldfarb who wrote (2086)1/27/1999 8:16:00 AM
From: Suzanne Newsome  Read Replies (2) | Respond to of 5541
 
Steve, I barely know what a chart is. Don't confuse me with the facts. I would agree that the stock is perhaps being accumulated in anticipation of good things happening in February. Obviously, in absence of all the selling, the stock price would be going <<up>>. I wondered the same thing: why sell when good things are about to happen? It has been suggested that possible attention from a large powerful regulatory agency is spurring the sale. How much stock? A number thrown around is two thirds of the float. So what do we do? Wait until it goes to 1 cent and average down? Regards, Suzanne



To: Stephen Goldfarb who wrote (2086)1/27/1999 9:54:00 AM
From: Micropicker  Read Replies (2) | Respond to of 5541
 
Seems like a lot of little buys, and a few big sells.

From what I can see, there seems to be a constant series of little buys, punctuated by a 100K or so block sold every now and then. Clearly the little guy is buying and the big guys are selling.

Even with 100 million(?) shares, at .057 the market cap of the company would be less than $6 million! What we have here is a lot more potential than that.

I look at a stock like TFGP, which recently sold a movie to Disney. They announced it on December 22nd, and the movie was on TV on January 10th. Any theatrical release like Speedway Junky would take longer to do, but what seems odd to me is the short time frame. I would almost believe that the deal was pretty much done well before December 22nd. I am hoping that MVEE has pretty well locked up it's deal and is just using the February screenings for fluff and publicity.