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Microcap & Penny Stocks : Short Term Picks From the 'Whiz' Kid -- Ignore unavailable to you. Want to Upgrade?

To: Investor Clouseau who wrote (4692)	3/11/1999 3:26:00 PM
From: bubonic	Respond to of 9115

Daniel - STGA at a good entry price 31/32. Float only 4.10m 52-Week High $2.719 Its releasing an E-commerce site soon. Profits to be released before the end of the month. Check out the yahoo SEC filings. Also this was up on the Yahoo message board: the current attempt by daytraders to drive the price up was crushed by resting limit sell orders left by the previous round of daytraders. Fortunately, he said that the trading may have broken through several layers of price resistance so that when the numbers and other news come out, the price can really take off. That's ASSUMING that the latest round of daytraders don't muck things up by leaving their own layers of resting limit sell orders just above the current price. If you're going to place a resting limit sell order, set it above 3. By all logic and predictions, that's where the price will go shortly after the numbers are announced. Setting your limits lower than that will not only cheat you of the very good chance of more than doubling your money, but will stifle the price from reaching its true potential. If the price doesn't get that high, you can always lower your limit price and still make a nice profit. The next round of trading won't be nearly as frantic, and you should have at least a day or two of high-volume trading and price spikes to unload your position.