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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?


To: Stock Master who wrote (33026)2/17/1999 5:33:00 PM
From: TOPCAT1  Respond to of 34592
 
ALFN.. Gap open tomorrow.. short squeeze... what an amazing day, there was a slight selloff at the open then it ran straight up to $1.08 on about 400,000 shares... then a quick pullback into the $0.80 range, following by a few swings during the day when the stock was under heavy accumulation but around 15 minutes to the close strong buying came in, in fact, it sure looked like a few day traders were forced to chase the offer to cover their shorts... from a pure technical viewpoint, the chart doesn't get any better than this, likely a strong gap tomorrow and if there are a significant number of shorts in the game, it could get risky for them... with only 2.5 million shares outstanding and the company buying back stock, this could get really exciting... see... most of the plays on OTCBB are heavily diluted with massive amounts of stock, 40 plus million shares and many unknown shares issued but not yet declared... this one is unbelievable and 2.5 million confirmed by the company... well, with 2,635,500 shares trading today and if not many people sell into the play tomorrow, with any buying at all this has the potential to rocket... plain and simple... the close was an indication of the thinning of the stock... and the buying was happy to see...