From: Ronald Reece <reecerd@erols.com>
Date: Tue, 10 Sep 1996 00:32:12 -0400 (EDT)
Howdy Gang!!
I spoke with Bill this evening, (his nickel.... :0) Kind of nice when
the CEO calls as opposed to the other way around. It shows that he
recognises the influence and power of the Internet and what online investors
mean in assisting him in telling GRNO's story. Some of the things that we
spoke of I still need to get a perspective from Spencer on how they plan to
handle it. Not that I am playing "I have a secret", as this info is not
necessarily of a proprietary nature from what I can tell, but if the angle
is correct, it should alter the valuation scenario for the company in a
quite positive manner. I certainly don't want to steal GRNO's thunder at
this moment, but I would certainly advise everyone to continue staying tuned.
Bill said that they received 5-8 inches of rain in the Charleston
area from Hurricane Fran, but that apart from his losing a few shingles on
his house, they was relatively little damage. They hope to begin laying
concrete foundation slabs for the storage tanks and processor on Wednesday
if it has dried out sufficiently. He didn't make any promises, but he
hopes that they will be able to make up any delay that was caused by the
wrath of Mother Nature..... :0)
Personally, I think that the current price provides a nice base.
Unless the market crashes all around, I have to feel strongly that GRNO is
building strong support in the $2.25-2.50 range. I can't tell you that the
price won't become cheaper, but my opinion is that we have more upside than
downside pressure being displayed. Just look at Friday's volume...
69,000+. Someone is positioning in this stock. Remember that you can't
gage the support of a stock by watching the buy vs.sell ticks. NASD
associates can buy stock at the Bid price. If there is large volume at the
bid price, it may mean that professionals are positioning themselves for
more upside. At least this is how my buddy with Series 6 license explains
it. He says that he is eligible to buy at the Bid and has been setting up
his own account in order to do so. (I've always told him that Mutual Funds
were for wimps..... :0)
If you haven't called Spencer and gotten read on the company's story, I
would suggest that you hop to it pretty quick. #1-847-266-2055 or
BFiore4054@aol.com.... This story has a lot more upside to go over the
next several weeks to months, and no one can say when the train is leaving
the station. |
