Shells With Cash: Let's Find Them! Message Board

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Microcap & Penny Stocks : Shells With Cash: Let's Find Them!

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To: chalu2 who wrote (53)	3/12/2000 9:58:00 AM
From: Glenn Petersen	Read Replies (1) of 67

I am still holding, though kicking myself for not taking some profits in the $5 to $6 range. My first purchase of CN was at 1 3/16 and $8 to $10 was starting to look reasonable, even though the company has a current intrinsic value of about $2 per share. LOL. The stock ran purely on speculation that they would have some news. Given their silence, the drop was to be expected. They have a self-imposed deadline of June 30, 2000 to make some sort of substantive acquisition. I can't say that I am overly impressed with their acquisitions to date. There is a lot of competition out there for Internet deals and Calderone, given that he is not an Internet guy, may feel more comfortable putting CN's money elsewhere. If it runs again, I will probably take some money off the table. I'll let you know what I am doing and I would appreciate it if you would do the same. Good luck.

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