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Microcap & Penny Stocks : Green Oasis Environmental, Inc. (GRNO)
GRNO 0.00Dec 12 4:00 PM EST

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To: ELIGEM who wrote (3816)4/5/1997 1:44:00 PM
From: Don Edgerton   of 13091
 
I noted that of the 27000 or shares traded on Friday, about 20,000 were on the up tick or at the previous up tick indicating buying.

Decline this week has been on low volume which indicates a lack of buying enthusiasm in a weak market.

IMHO, we are seeing a rotation out of the large caps into the beaten down techs and small caps. All the money that has come out of IBM Merck etc. has to go somewhere. I don't think its going to bonds.

If GRNO makes its number (or better yet exceeds it), I believe there are a lot of skeptics ready to buy. Will likely need a couple of reaffirmation of orders and positive results from the prototype operation to overcome the issue of the earnings being generated by an "in house" sale. I've seen some IE reactions to some numbers only to see the stock tank after one realized they were smoke and mirrow generated numbers. What we need are solid numbers and reports of sale of some diesel which flowed prior to turnover of the unit to the Partnership.

Keeping fingers crossed.
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