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Microcap & Penny Stocks : NYRR,What is going on? -- Ignore unavailable to you. Want to Upgrade?


To: robert heisman who wrote (3858)5/20/1999 2:46:00 PM
From: Andrew  Read Replies (1) | Respond to of 4304
 
Robert, I wholeheartedly agree! You learn to crawl before you walk, to walk before you run. The first milestone is to become a fully reporting company. If the stock price goes above $1.00 or whatever the NASDAQ small cap requirements are, then NYRR can apply to be listed on that market. Later, a full NASDAQ listing can be contemplated IF and WHEN the stock price exceeds $5.00. In consulting my crystal ball, I see a stubborn barrier at $.75, possible retrenchment back to the 50 cent mark, and then a gradual price rise after we break through 75 cents to over $1.00 by the early summer. Of course, good news along the way and some hard numbers would help. Regardless, my strategy is to repurchase the 1/4 position I sold at $.60 if the price dips to 50 cents, and then to hold on "forever" or until I can cash out enough shares to buy a nice addition for my house. <gg>