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


To: Philip Bosco who wrote (925)4/19/1999 3:16:00 PM
From: KiddStock  Read Replies (1) | Respond to of 1020
 
PHILLIP,

At .28 cents a share you are a hero and to applauded. Good for you, an enviable position. My point is Scoggins and crew, who bot in a only pennies a share like you are now promising and encouraging others to "Buy in at $8.75 ( We're on our way to $20.00 now ); $7.00 ( Wait for the 1/4lly report to blow the shorts away); $6.00 ( Waiting for 1/4ly report to blow shorts and MM away ); $5.50 ( Waiting for 1/4ly report to blow shorts away - this co. is highly under valued)." "More hype, yada yada yada , blah blah blah, hype hype."

Well now its $4.68 and headed south on high volume and dropping Relative Strength. So where are those buyers now? Up the creek! If I had this stock at pennies I'd be feeling stupid that I did not sell at $8.00 and buy back at $5.00. Some time ago I did just that but held such a small position that I only made a few hundred dollars. With today's action I just do not have confidence to make a buy. Could we see it drop to its next support level of $2.50 range? If it dips below $4.156 look out!!

I feel sorry for all those who listened to the Bull S___ hype.

Good luck to you. Do you have an exit strategy?