Jax International (JAXI) Message Board

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Microcap & Penny Stocks : Jax International (JAXI)

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To: ii1w who wrote (780)	8/25/1997 8:15:00 PM
From: Alan Markoff	of 2430

This is an email I recieved that I stand by most of what is stated but differ on some of the issues for my intentions with SHORTBUSTERS. Read it and I will state were I differ at the end. Alan, Count me in for SHORTBUSTERS....I think that we as a group can up with criteria to find BB stocks that have a lot of undeclared short selling. This criteria would probably be 1) good fundamentals - can be discussed in a forum ala JAXI and OVIS. By having the discussion thread public people can decide if and when they would jump in. Would also help in the determination on if its undervalued or just a dog. 2) understanding the officers of the company through their IR department and phone calls directly to the CEO to see if we can gain his or her support against the Shorters (prevent issuing more stock etc.) 3) finding out who the transfer agent is... 4) ...so that we can get an accurate count on total outstanding shares, public float, calculated amount of shorted shares 5) having everyone register the number of shares and if their certs have been called 6) understanding what a "reasonable price" and having an exit schedule so that we don't shoot ourselves in the foot This way, SHORTBUSTERS can have a open discussion on which companies are likely targets of short selling, calculate strategy on those companies with small public floats and execute a plan to buy up the price. By having a well understood target price and exit strategy, SHORTBUSTER members can exercise the discipline not to sell off too early. On the JAXI front, I'm in for 4K shares.... e-mail) to your e-mail list ----------------------------------------------------------------- On 1) I agree what was said about JAXI as far as OVIS I just don't know much about this company to indorse it. On 2) I agree On 3) I agree On 4) You whould be hard pressed to do an accurate accounting of shorted shares. On 5) Most cases I don't agree with calling in certificates some cases I do think it is wise to do so. On 6) Reasonable price is based on companys true value Know let me express my views here because extremes don't work for me. There are allot of BB stocks out there that seem to climb up dive climb up dive and on and on this way, there is also allot of missinformation that is acuired on the Internet and abuse in the purchase of a stock and many of you out there got burnt from this kind of practice. The objective of SHORTBUSTERS is the following; To find a company that is on good finacial ground what contract's do they have assets verses liabilitys total shares, and float size. I have seen companys like for example Jaxi all good news but the stock continues down over and over again you can look at the trading over the weeks and see as plan as day the 5,000 and 10,000 lots at the bid to drive the price down. When JAXI got the financing I thought for sure it was going over a dollar who whould sell the stock at .45 .35 ect... with all this good news? simple answer shorters you can see it in the daily trades. Know let me show you my intentions here because I don't want investors to feel trapped when they buy a stock that we like. When JAXI was.26 it's real value in my opinion was 1.00 plus min. So if we found a stock like this through SHORTBUSTERS we whould reccommend a buy which to begin with I whould feel good about knowing the companys true value based on it's fundementals. As all the members are informed about a reccommended buy depending on the amount of members that participate it should drive the price up if it was shorted at the same time PR whould be discussed on the internet on a SI thread called SHORTBUSTERS where all the stocks we are involved in will reside inside that thread. Now this thing about when to hold and when to sell I have a problem with first of all if the stock is way below it's stock value there is no need to sell as the stock approches it's true value you will have already acuired a great profit you don't need to be forced into holding your shares that's your decision but you do need to refrain from dumping sell a part of your holdings slowly so as not to drive the stock price down if the stock is at it's true value it should sustain its self if not and it's shorted again we will just go back in and do the same thing until the short gets tired with messing with the stock and leaves. Now remember you will be making big profits from the start up point to the stocks true value and if you sell part of your shares your profits will compensate you on what shares you have left in Example paid .32 for JAXI BOUGHT 3000 SHARES = 960.00 TODAY YOU SOLD 1/3 YOUR STOCK AT .60 /SHARE 1000 X .60 = 600.00 THAT MEANS YOU OWN 2000 SHARES FOR 960.00 - 600.00 = $360.00 WHEN DIVIDED BY 2000 YOU OWN THE REMAINING SHARES FOR .18. So now you have $600.00 cash to work with and 2000 shares of stock that you only have at .18 / share. Now your in a position to hold it and make allot more money on a continued upward movement or if it moves down sell at your lesure for still a great profit going down to anywhere near .18 whould be almost impossible shorting takes awhile after a certain point. Over time if we see the same stock shorted again we can go in and buy again driving the price up eventually the short will stay away from the stock. Going through who owns what and calling in cert. takes time and time is money thats not my goal here. If someone want's to start a cartel I have no objection to it but I am not the person for that type of trading just state you want to become the leader and go for it.

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