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Microcap & Penny Stocks : Jax International (JAXI)

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To: Jim B who wrote (1100)8/30/1997 11:54:00 PM
From: Dan Thomas   of 2430
 
Jim,

I got in just under you, at $ .75, and averaged down Thursday.
Still, I'm in around $ .60, so YES, $1 would be great.

From all the posts, I sense this company may be on the verge of
a decent upward move ... of course, there are those nasty shorts
going on, but eventually the market catches up with them, and
they are short-busted. Days like that are real Kodak moments -
too bad we can't post the facials of a major short who had to rush in
and cover then realize he's lost twice what he made from all the
previous shorts. That's what I call a sweet dream.

How many times have I had to hold an extra 6-mos to overcome shorting.
Oh well, profit is profit, and lately despite all the "theories" on
how to play the market, I find just buying because YOU like it,
average down if the stock is still good, and just wait it out.
Peter Lynch did this - worked for him. Buy and hold, buy and hold...

Best wishes on JAXI for both of us newcomers.

Regards,
Dan
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