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Microcap & Penny Stocks : Lose your money FAST and EASY in Penny Stocks. -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (3)	2/25/1999 9:10:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 17

I shorted at 19, finally. Initially I looked at it when it hit $22 but was scoffed by the tiny float. Sometimes I think, the float is bigger...it trades relatively smooth. I covered at 16 at the beginning and will look to reshort. Market looks a bit going. Maybe it runs a bit pre-ipo. However a high 30ish FLAS price would be necessary to support PWCC at this level. For an ISP with that initial dilution. And don't forget discounting issues, a la MALL or WCAP. Seemingly, per todays Marketwatch story, the IPO won't go before 15th of march! I was turning 200 and 400 shares and "worked a lot with the position" as my initial short started at... $15. But could gain a bit with trading. Me thinks, any price over 18 is good as it will land beyond that after the IPO. Only problem is when it is hyped ahead..requires much babysitting. C.