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Technology Stocks : eLec Communications Corp. (ELEC)
ELEC 10.470.0%Jun 6 5:00 PM EST

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To: warren bostwick who wrote (286)8/11/2000 8:40:45 PM
From: jef saunders  Read Replies (1) of 330
 
hurts? are you kidding? this is great!! i bought 500
more shares today. patience is not the only thing
you can do for now...buying more shares is the thing
to do now! i'm glad i really restrained myself buying
in on this stock. my first purchase was at 4. i bought
10 shares. then my second purchase was at 3, i bought
115 shares. now my third purchase, at 2 1/16. so now
my average purchase price for all my 625 shares is
$2.27. this is the first time i dollar averaged into
a stock correctly, saving the bulk of my purchase for
the lower prices.

anyway, these are the days to buy, low low price, great
sales growth. i did that with dimethaid research, which
was even a step worse, low low price, and only a promise
of greatness someday. well, the stock tripled in february
and all those thousands of shares i bought for 2 and 3
dollars are worth 5 and 6 dollars now. someday the same
will happen to elec...so let it fall down to 1, and i'll
buy a 1000 shares to lower my average price some more.
however, support came in around 1.45, so that's the floor,
at least for now, maybe forever...

jeffS
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