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Microcap & Penny Stocks : CAGI--A Sleeper Waiting to Wake Up!!!! -- Ignore unavailable to you. Want to Upgrade?

To: HARRY BROWN who wrote (861)	3/31/1999 2:33:00 PM
From: HARRY BROWN	Read Replies (1) \| Respond to of 1020

Stock has good support at $6.00. While it is short term overbought, the other technicals look ok. Trouble with selling here and waiting for a lower level is: 1)If the downside is $6.00 and no lower, selling now to get in lower is bad risk/reward. 2)The stock might not go lower at all and the news might take it much higher, so you don't participate in the move. 3)There are a lot of shorts on this stock, if it moves up, they may feel compelled to cover...much bigger move. 4)This stock is a definite intermediate to long term buy. If it does not work out on the short term, shareholders will be rewarded within a year. IMHO