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Technology Stocks : CGRM Centigram -- Ignore unavailable to you. Want to Upgrade?

To: David R who wrote (309)	6/1/1999 5:42:00 PM
From: Bargain Hunter	Respond to of 333

What makes you think that CGRM is ripe to be manipulated. Wouldn't there need to be some compelling reason for investors to buy before manipulation would be of any real value? You are correct that investors need compelling reasons to buy. But those reasons need not be based on truth. Some of these day trader groups are pretty shameless about planting false rumors. Saw it happen in WPNE recently. The hard part is recognizing when it happens and taking some profits, instead of assuming there is some good news coming and holding through both the up and subsequent down moves.

To: David R who wrote (309)	6/2/1999 2:09:00 AM
From: Red Dragon	Respond to of 333

Wow! This is the 7th posting on this board in the last 2 days - from 4 different users! Up until now, this board has mirrored the stock volume. I agree that this stock is so thinly traded that it is potentially ripe for manipulation by daytraders and/or market makers. Problem is, you need some sort of catalyst to get the momentum going. Yes, false rumors are one possibility. Positive earnings for 1-2 quarters would definitely result in CGRM showing up on some stock screens. Unfortunately, that means at least another 3-6 month wait, but they were just a couple hundred thousand dollars away from being profitable last quarter! For what it's worth, I've emailed a couple of investment websites about CGRM, hoping they'll write them up. I emphasized the $50 million in cash compared to $60 million market cap (i.e. you can practically own CGRM for free) and the fact that the slimmed down CGRM has reported 5 straight quarters of sequential revenue growth on a pro forma basis. CGRM can be very appealing to conservative investors looking for a deep value technology stock in this wildly volatile and overvalued market. If you guys know of any sites that welcome stock suggestions, it doesn't hurt to talk things up!