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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: Suzanne Newsome who wrote (2094)1/27/1999 6:17:00 PM
From: Cola Can  Read Replies (1) | Respond to of 5541
 
Big guys, Little guys???

How can 100k be attributed to the term "Big Guys?"
100k @ .05 is only $5000.00 That is nothing.
If the price was over $10.00, then you could use
"Big Guys". Feb 11 is still about two weeks
away. I have bought and sold this stock twice
already and I'm back in again at 33k. People
may see a momentum play, so they bail out, pick
a small profit, then filter back in.

Today was mostly buys, with a pretty good volume.
I saw some large block buys. There was 24k traded
after the bell. We will see some action as we get
closer to Feb 11.

Happy Trading!



To: Suzanne Newsome who wrote (2094)1/28/1999 9:45:00 AM
From: Micropicker  Read Replies (1) | Respond to of 5541
 
Suzanne, are you in or out?

<<There is no reason to buy this stock until the endless selling ceases.>>

That is the hundred million dollar question.....

No one knows when the endless selling will be over. What if it ends today and the MMs suddenly see 500,000 buys and no one is selling? The price shoots back to 12 cents in short order.

What if "the deal" is announced in mid-February. The sellers may stop (they want to sell at a higher price too) and a big volume of buyers could shoot this thing a lot higher.

There is a reason to buy now--it's cheap. Will it get cheaper? Maybe. Will it get more expensive--we hope so. So I'm in now, and I agree with you--if the price keeps dropping, it's time to average down and buy more.