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Microcap & Penny Stocks : ONPT - A 52wk high price and volume

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To: Doug R who wrote (138)4/9/1997 10:06:00 AM
From: Stefan Habermayer   of 375
 
Ron, thanks for your mail - but I am OUT from ONPT, as per today. I sold it a bit early (actually was an "accident" forgetting about my 2 1/8 USD limit at the LAST Run-Up about a week back.)
Well - stupid story, but true (like all stupid stories): I am out by "accident" at 2.125
I am sorry about that. However, I cannot buy it back for 2.5+ USD.
This is an over 500+ % increase in about 6 months.
It's too risky for me - WITHOUT knowing the real (but 2nd time delayed !) Earnings !
2 5/8 USD would require a 10 Cents Earnings - still having PE of 26.
Maybe I am an old fashioned guy looking at a "stupid PE" or a 500% return in a much tooo fast Run-Up. Most probably, I made a mistake - but on the other hand: "Never be too greedy !" I swore this one, after having some painful exercises .....
I wish you all the best and see you some times around ...

Stefan

(P.S.: I was dreaming to see $4 Ask for ONPT at Datek. Just yesterday.
I waked-up very anry, knowing that I do not have any ONPT anymore.)
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