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Microcap & Penny Stocks : AMEN Looks Pretty Good
AMEN 505.00+0.2%Dec 12 12:43 PM EST

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To: Lynn who wrote (258)11/27/1998 5:23:00 PM
From: Turs  Read Replies (2) of 627
 
Feels good to have finally bagged a bigtime speculation. I've always dreamed of jumping on one of these at the right time and have said a lot of shoulda/woulda/coulda's as I watched Yahoo, Amazon, Ebay, etc. rise 10X to 100X. Bought 400 shares @ $2 and 2000 warrants at less than $1. Recaptured my cost by selling 200 shares and 200 warrants this morning and I think I'll probably sell some warrants on Monday given the stock is up 10-fold from its low and the warrants are up 15-fold. Then I can ride the rest of my holdings and if this thing craters and disappears from the face of the market, I'll still have made out very well. Taking some profits now will allow me to not obsess over the remaining amount, which should allow me to hang on if it ever goes to really ridiculous levels (assuming we aren't there now).

BTW, although this level might not be sustainable, warrantholders should be aware that with the exercise price at 5.75, Didax may call the warrants, forcing us to sell out or exercise. So, don't necessarily expect the stock to go to $100 and the warrants to $95.

Congrats to all who were lucky enough to throw a few bucks at this.

Turs
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