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Gold/Mining/Energy : Microforum (MCF:TSE) -- Ignore unavailable to you. Want to Upgrade?


To: donkeyman who wrote (1483)4/30/1999 8:29:00 AM
From: Ara  Read Replies (1) | Respond to of 3896
 
This in the National Post today.

MICROFORUM STEALS LIMELIGHT ON NET STAGE.

Microforum Inc. is the latest Internet stock darling, judging by the
past two sessions in which the Toronto-based company's share
price has doubled, and added about $150-million in market cap.
"I'm guessing a lot of the interest is coming from the U.S.," said
David Wong, a Vancouver-based analyst at Canaccord Capital
Corp., citing the fact that Howard Pearl, Microforum's chief
executive, was in New York this week speaking at the Internet and
Electronic Commerce Exposition.



To: donkeyman who wrote (1483)4/30/1999 8:44:00 AM
From: swot  Read Replies (3) | Respond to of 3896
 
Goodmorning all. My take on the situation is that if it doesn't open up higher than it did yesterday ($1.60 higher than the close the day before) then I suspect we'll see a close in the 8's or (low) 9's at the end of the day. As I've said before, I'm more certain of the trading pattern than I am of the reasons it occurs.

So far the the pre opening bidding is stuck at 10.00 with the bid/ask ratio weighing more on the bid side. Not by much mind you, but still more on the bid side. This is indicative of a trading pattern (that I have noticed) that shows a weakening in the rise of a stock and a strong possibility for a pull back. It doesn't mean (to me) that the ride is over. But I do have a strong suspicion that there's going to be somewhat of a pull back today.

All the Best
Marty