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Microcap & Penny Stocks : IMMM ( I'm Mad Monk)

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To: Sidney Reilly who wrote (1015)6/4/1997 11:18:00 PM
From: Zeev Hed   of 1480
 
Bob: No agendas. As I have explained before, one of the posters asked me to look at IMMM few month back (it was just hovering above 1). I did then and posted then my worries. Recently as the stock plunged, two different posters asked me privately (personal e-mails) to come back and see if this puppy has life left in it. I did again and came to the conclusion that this might very well be a death spiral. The announcement of the company that the trouble with the stock was the doing of shorters was the sign I needed to keep away.

I still visit from time to time and respond to posters or comment when people mention that they are still "averaging down", because I trully belive this is placing good money on a very unlikely bet. I believe you are one of those brave soul still buying into this story. If you are right, you will be well compensated, but do not risk too large a portion of your risk capital, since it is not impossible, that it will be unrecoverable.

Zeev
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