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Microcap & Penny Stocks : WCAP - Winfield Capital: Insider buying -- Ignore unavailable to you. Want to Upgrade?

To: DwcOkla who wrote (768)	4/13/1999 8:03:00 AM
From: Tom Hua	Respond to of 1305

A lot of Mutual Funds can now invest in WCAP because the market Capitalization is now above $250 Million.... a significant element in driving the price higher. Don, fund managers are no dummies. You can own the same stocks as WCAP does with the same number of shares for about 20% of WCAP's price. So you think mutual funds will buy this small close-end fund and pay a premium equivalent to 5 times its net asset value, huh? Hmm, interesting. Regards, Tom

To: DwcOkla who wrote (768)	4/13/1999 8:09:00 AM
From: Tom Hua	Respond to of 1305

Daytraders now have the stock, and they have a tendency to drive the price up no matter what the news is on the stock.. Don, that's for sure, they've been playing with WCAP the past few days. At some point they will turn around and short the stock too. Once they're gone, who's there to support the price? I have calculated the potential loss to be reported this quarter by WCAP. Don, did you come up with a loss of ($1.50)? If not, I'll show you my calculations. Regards, Tom