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Microcap & Penny Stocks : VERI: On the rebound
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To: Impeccable who wrote (5)2/11/1999 10:27:00 PM
From: E. M. Edds   of 11
 
I was just considering a conversation I had earlier today. The old established price of VERI may not be a reasonable target for the stock now. As many investors invested at levels higher that $2.25, they may average down to attempt to minimize their losses or even profit here. An acceptable approach would be to average down at any price up to their original purchase price, which may and likely does exceed $2.25. We could easily see levels above that in the short term, with intelligent investors doing what intelligent investors do--minimize losses/maximize gains.
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