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Microcap & Penny Stocks : ASK: "THE LAST DON" OF MOMENTUM TRADES -- Ignore unavailable to you. Want to Upgrade?


To: Currency who wrote (9890)3/21/1999 2:51:00 AM
From: pitchlyn  Read Replies (2) | Respond to of 15987
 
From Raging Bull ---> IDFR Update from thisweekspick.com:

"One of our contacts has informed us that the news being released on Monday has to deal with a 60 million dollar contract for software. remember this is only a rumor but our source has always been very reliable. He also informed us that a Broker out of Canada called IDFR looking for 150,000 shares so that they could cover their shorts. (Canada firms are required to cover their shorts this friday.) We believe that it is quite possible to see this stock go to 20.00 a share in a very short period [closed at 0.81 cents, Friday 3/18].

Have a great weekend."

----------------------------------------

My thoughts (pitchlyn):

Stock seems to be trading as though something were about to happen, i.e., not as one would expect a classical "pump/dump" stock to trade, IMHO.

GRAPH:

tscn.com

NICE WEBPAGE: idfr.com

Same source which called for "good" news this past Friday (and there was) claims "HUGE" News to be released this Monday. We'll see.